Tuesday, February 26, 2008

Die disasters, which die to more higher insurance rate lead, company says

December 28, 2007


BY AARON KIRCHFELD and OLIVE SWEET


BLOOMBERG NEWS


MUNICH, Germany — Munich relative, second largest more reinsurer the the worlds, said Thursday that losses of natural catastrophes will rises, because of climate changes and clients cost more for insurance premiums.


The referred company estimated world-wide insuring losses to natural catastrophes of geverdoppeltes to $30 billion in the 2007. disasters about such, like tides and storms to 15,000 death and $75 billion in the damages, the company said led. Swiss reinsurance CO, the more reinsurer, said the latter largest week that disasters cost insurers about this $25 billion year.


” die All the facts indicate losses, die that through weather in connection standing natural catastrophes will to be caused, sets to ascent” and lead to “more higher insurance premiums,” management board member Torsten Jeworrek said fort. ” The tendency in respect to weather oversize appearances that climate change is already, taking, the more such oversizes is effect and that to expected in the future.”


The number of natural catastrophes this year rose to 950, the highest since Munich relative caught an to hold track 1974. In 2007 one of the war warmest years on record, the die most expensive disaster for insuring losses winter storm Kyrill, which smashed Germany and other parts, die of Europe in January and $5,8 billion in the damages caused.


Insuring losses this year however remain well below the level of 2005 $99 billion, the worst year on record for natural catastrophes because of hurricanes, die Katrina and Rita including are.


Record precipitation in Great Britain caused tides June and July in and led to about $6 billion in insuring losses The, that most deadly accident global in November in the Bangladesh and India when eddy tower Sidr killed about 3,300 people war, Munich concerning said.


As reinsurer Munich guidelines help out-political concerning Angebotder to companies, die primary insurance policy writing are. Reinsurance assistance spreading danger so the insurance system can large losses of the natural catastrophes touch.


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Friday, February 22, 2008

Eastern insurance getting thing, Inc. announces quartalsdividende

MORE LANCASTER, Pa, December. 5 /PRNewswire FirstCall/ — eastern insurance getting thing. (”EIHI,” the “company”) today announced Inc. that its management $0,05 per quarterly cash dividend of the portion on its published and not amortized shares of the general autorisiert stock, payable December 28, 2007 to the shareholders of the recording at the closing time on Decembers 14, 2007. EIHI is the parent company eastern lives and health insurance company (”eastern life and health”), which from mutual into stock form on June 16 converted, 2006. The order of the Pennsylvania insurance department, to which the transformation approves, forbids a forming of each possible distribution to eastern life and health and EIHI to the shareholders without previous Pennsylvania insurance department of agreement during one period of three years. EIHI looked for and received Pennsylvania insurance department of agreement for this quartalsdividende. It is the present intention of EIHI of searching for of of agreement of the Pennsylvania insurance department for future quartalsdividenden during the remaining 18 months that it is dependent on this Pennsylvania insurance department of order if economic situation and financial authorization achievement EIHIs. No insurance can be given however this such permission, if it is looked for, to possibly receive. EIHI lets the domestic accident run by its subsidiaries insurance to group, which specializes in reconciliation of the workers, a domestic life and health insurance company, a special field removed from the country reinsurance company and a third party of requirements line company. EIHI is with the 25 running avenue in Lancaster. The network address of the company is http://www.easterninsuranceholdings.com. Some the statements, which will contain in this Pressekommuniqu�, “forward looking statements” within the meaning of the private collateral law case improvement act of 1995. In some cases you can to mark the forward looking of of statements by terminology as “be able to do,” “become,” “, if,” “,” “plan,” “to intend,” “anticipate,” “believe,” “” potential “you expect estimation,” “forecast,”, or “,” the negative of these designations or other terminology continues you. Forwardlooking statements are created - on the opinions and the estimations of the management, to which time as the statements are delivered and on certain dangers and uncertainties are dependent, which could arrange actual results to differ from those materially which were anticipated in the forwardlooking statements. Factors, which could affect the actual results of the company, include, under others, the fact that our damage reserves are based on estimations and can be insufficient to adjust our actual losses; the uncertain effects the emerging requirement and expenditures for covering on our business; the geographical concentration of our business; an inability to reach or collect on ours reinsurance protection; degradieren in the A.M. Best evaluation of ours insurance subsidiaries; the effect of the extensive regulation insurance of the industry and the legislative and regulating changes, a disturbance, to carry out ours investment objectives; the effects of the intensive competition; the loss of one or more main employee; the inability to acquire additional capital on favourable designations; a disturbance of the independent insurance mediators, our products sufficiently to marked out; and the effects of acts of terrorism or war. More information about these and other factors, which could possibly affect our financial results, are enclosed, arranged in our adjustment statement of the Form-S-1 with United States the collateral and exchange commission and in our other general archivings with United States the collateral and exchange commission. Reader not to set warned excessive confidence according to these forwardlooking statements which speak only starting from the date of this release. The company does not die commitment to update all possible forwardlooking statements.


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