Employers Holdings, Inc. Senior Management to Present at FBR Conference in New York City
Employers Holdings, Inc. (NYSE: EIG) today announced that key members of its senior leadership will present at the FBR Capital Markets 2010 Fall Investor Conference at The Grand Hyatt New York Hotel in New York City. Douglas Dirks, Chief Executive Officer, and William Yocke, Chief Financial Officer, are scheduled to present on Tuesday, Nov. 30, 2010 from 11:15 to 11:55 a.m. EST.
Integrated MediComp in Colorado
Anthem Blue Cross and Blue Shield (Anthem) and EMPLOYERS®, America’s small business insurance specialist®, have joined forces to provide Colorado’s small businesses a simplified approach to purchasing Anthem group health and EMPLOYERS’ workers’ compensation insurance through the Integrated MediCompSM program. The Integrated MediComp program offers small businesses a five percent discount on workers’ compensation premiums with a combined bill for group health premiums to help eliminate confusion, unnecessary expense and inconvenience associated with separately managing multiple insurance policies.
Employers Holdings, Inc. Reports Third Quarter Earnings; Announces $100 Million Stock Repurchase Program and Fourth Quarter Dividend
Employers Holdings, Inc. (“EHI” or the “Company”) (NYSE:EIG) today reported third quarter 2010 net income of $10.1 million or $0.25 per diluted share compared with $30.6 million or $0.67 per diluted share in the third quarter of 2009, a decrease of $20.5 million or $0.42 per diluted share.
A.M. Best Affirms Ratings of Employers Holdings, Inc. and Its Subsidiaries
Employers Holdings, Inc. (NYSE: EIG) (EMPLOYERS®) today announced insurance rating bureau A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of "a-" of Employers Insurance Group and its four pooled property/casualty operating subsidiaries, Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC) (California), Employers Preferred Insurance Company (EPIC) and Employers Assurance Company (EAC) (both of Florida). Concurrently, A.M. Best has affirmed the ICR of “bbb-” of EMPLOYERS’ parent holding company, Employers Holdings, Inc. The outlook for all ratings is stable.
Employers Occupational Health Honored
Award Recognizes 'Controlled Drug Over-Utilization Program' as an Innovative Consumer Health Improvement Program.
Rise in Texas Workplace Deaths Reveals Need for Strategic Approach to Workplace Safety, Workers’ Compensation
AUSTIN, Texas – Sept. 22, 2010 – The U.S. Department of Labor recently reported that workplace deaths in Texas rose to 480 in 2009, a 3.6 percent increase over the prior year. While workplace safety seems like common sense, the latest workplace death statistics indicate that additional insight and perspective around a strategic approach to workplace safety and workers’ compensation insurance coverage could be helpful for Texas businesses.
EMPLOYERS Promotes Stephen Hedglin to Vice President, Business Development for Strategic Partnerships & Alliances
EMPLOYERS(R) (NYSE: EIG), America's small business insurance specialist®, announced that Stephen Hedglin has been promoted to vice president of business development for strategic partnerships and alliances. In his new role, Hedglin will focus on prospective partnerships and identify, source, evaluate and initiate partnership opportunities with a variety of target companies including payroll providers, healthcare providers, retailers servicing small/medium businesses, small business associations and organizations, financial institutions, and banks and credit providers. Hedglin will work closely with stakeholders to identify profitable and productive growth opportunities.
EMPLOYERS Promotes David Morton to Vice President of Sales, Strategic Partnerships and Alliances
David Morton has been promoted to vice president of sales, strategic partnerships and alliances. In his new role, Morton will focus on driving and measuring partner performance, ensuring strong communication and managing issue resolution with partners. Morton will lead his team of client relations managers and sales executives and will work closely with them to develop and implement strategies to manage and grow new business.
Employers Holdings, Inc. Reports Second Quarter Earnings and Announces Third Quarter Dividend
Employers Holdings, Inc. (“EHI” or the “Company”) (NYSE:EIG) today reported second quarter 2010 net income of $16.5 million or $0.39 per share compared with $20.3 million or $0.44 per share in the second quarter of 2009, a decrease of $3.8 million or $0.05 per share. Net income includes amortization of the deferred reinsurance gain related to the Loss Portfolio Transfer (“LPT”) Agreement. Consolidated net income before the impact of the LPT (the Company’s non-GAAP measure described below) was $12.1 million or $0.29 per share in the second quarter of 2010 compared with $16.0 million or $0.34 per share in the second quarter of 2009.
Employers Occupational Health, Inc. Named as URAC Award Finalist for Best Practices in Health Care Consumer Empowerment and Protection
Employers Occupational Health, Inc., a subsidiary of Employers Holdings, Inc., (NYSE: EIG), was selected as one of 30 finalists for the Best Practices in Health Care Consumer Empowerment and Protection Awards. URAC, the nation’s leading accreditation organization, will honor the finalists during their 11th Annual Quality Summit, October 5-7, 2010 in Chicago, IL.
EMPLOYERS Promotes Richard Hallman to Senior Vice President and Chief Information Officer
RENO, Nev. – June 7, 2010 – EMPLOYERS® (NYSE: EIG), America’s small business insurance specialist®, announced that Richard P. Hallman has been promoted to senior vice president and chief information officer.
Employers Holdings, Inc.’s Executive Leadership to Present at Macquarie Small & Mid-Cap Conference
RENO, Nev. – June 3, 2010 – Employers Holdings, Inc. (NYSE: EIG) announced key members of its senior leadership team will present at the Macquarie Small & Mid-Cap Conference on Wednesday, June 16 at 8 a.m. EDT in New York City.
Employers Holdings, Inc.'s Douglas D. Dirks to Participate in Oppenheimer Insurance CEO Summit
Douglas D. Dirks, chief executive officer of Employers Holdings, Inc. (NYSE: EIG), is scheduled to participate in two panel discussions at Oppenheimer & Co.'s second annual Insurance CEO Summit on Tuesday, June 8 in New York City. The Oppenheimer Insurance CEO Summit is a specialty insurance conference designed to provide meaningful discussion of a full-spectrum of issues impacting the industry at a pivotal stage in its lifecycle. EMPLOYERS(R), America's small business insurance specialist®, is a leading national workers' compensation provider dedicated to helping America's small businesses run more productive, profitable businesses.
EMPLOYERS’ Ann Nelson to Testify Before Ohio Competitive Workers’ Compensation Task Force
EMPLOYERS today announced that Ann W. Nelson, executive vice president, corporate and public affairs, will testify before the Ohio Competitive Workers’ Compensation Task Force, a unit established by the Ohio State Senate to review the feasibility of allowing employers the option to obtain private insurance to insure their obligations under the state’s workers’ compensation system.
Employers Holdings, Inc. Reports First Quarter Earnings and Announces Second Quarter Dividend
Employers Holdings, Inc. (“EHI” or the “Company”) (NYSE:EIG) today reported first quarter 2010 net income of $16.1 million or $0.38 per share compared with $20.9 million or $0.43 per share in the first quarter of 2009, a decrease of $4.8 million or $0.05 per share. Net income includes amortization of the deferred reinsurance gain related to the Loss Portfolio Transfer (“LPT”) Agreement. Consolidated net income before the impact of the LPT (the Company’s non-GAAP measure described below) was $11.7 million or $0.27 per share in the first quarter of 2010 compared with $16.5 million or $0.34 per share in the first quarter of 2009.
EMPLOYERS national poll finds more than half of small businesses believe social media presence is important, but only 16 percent tap its power
The majority of small businesses (52 percent) believe having a social media presence is important for companies, according to the Small Business Opinion Poll commissioned by EMPLOYERS. The national poll also reveals that although there are nearly five million small businesses leveraging social media, that figure only accounts for 16 percent of the 29.7 million small businesses in the United States based on figures from the Small Business Administration.
Understanding the Financial Risks and Legal Responsibilities of Self-Insured Groups for Workers’ Compensation
The closures of self-insured groups (SIGs) in California and New York over the past few years illustrates the inherent risks that self-insurance groups for workers’ compensation pose to small businesses. However, more than half of small business owners (58 percent) nationwide are unaware that companies belonging to self-insured groups may remain financially responsible – often for years – for the claims of all companies in their group, not just their own businesses. This is according to the Small Business Opinion Poll conducted by Opinion Research Corporation in August 2008.
EMPLOYERS® Launches Loss Control Connection SM to Help Small Businesses Build, Sustain Risk Management Programs
EMPLOYERS®, America’s small business insurance specialist®, has successfully launched Loss Control ConnectionSM. EMPLOYERS® Loss Control Connection provides a Web-based loss control platform that combines the information of a searchable library of safety and loss control content with a suite of unique software programs that can help manage risk and reduce losses. Within the easy-to-use software applications, small businesses can easily track training and perform many other safety, risk management and human resources-required tasks.
EMPLOYERS Q4 and 2009 Earnings
Employers Holdings, Inc. ("EHI" or the "Company") (NYSE: EIG) today reported fourth quarter net income of $11.3 million or $0.26 per share compared with $15.9 million or $0.32 per share in the fourth quarter of 2008, a decrease of $4.6 million in net income or $0.06 per share. Pre-tax income in the fourth quarter increased to $13.8 million in 2009 compared to $12.8 million in 2008. Tax benefits related to the favorable development of pre-privatization reserves drove the resulting higher net income after tax in the fourth quarter of 2008.
National Poll Reveals Half of Small Businesses Won't Add Jobs for More Than Six Months; Nearly One-Quarter Unsure of Future Hiring Plans
Reno, Nev. – February 1, 2010 – As small business decision-makers closed the books on 2009, nearly half (46 percent) said it would require more than 12 months for their businesses to return to pre-recession levels in terms of annual sales, according to the Small Business Opinion Poll commissioned by EMPLOYERS®, America’s small business insurance specialist®. The national poll also reveals that 41 percent of small business decision-makers say it will be more than 10 months before they plan to begin hiring again. The Small Business Poll, conducted by Opinion Research Corporation, surveyed 500 small business decision-makers across the country.
Lushina Mentors Nursing Students
RENO, Nev. – January 19, 2010 – As Senior Vice President of Managed Care at Reno-based EMPLOYERS®, Mary Lushina knows first-hand how valuable mentoring relationships can be for nursing school students and young professionals. That’s why Lushina got involved with the Truckee Meadows Community College (TMCC) Nurse Mentoring Program so she could provide guidance and counsel to aspiring nursing student Savannah Gonsalves. The TMCC Nurse Mentoring program pairs experienced nurses who instill the philosophies and values they have developed with students who will become the next generation of nurses.