Eastern Insurance Holdings Inc., which operates workers' compensation specialty carrier Eastern Alliance Insurance Group, has received board authorization to boost the stock-repurchase program by an additional 500,000 shares.
The holding company's board of directors increased its repurchase authorization to 1,046,000 shares of the company's issued and outstanding common shares. The board increased the total from approximately 567,520 shares.
The repurchased shares will be held as treasury shares available for issuance in connection with the 2006 Stock Plan.
Eastern Insurance Holdings Inc....
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