1997
Educators Alliance Insurance Company (Educators Alliance), a Pennsylvania-based underwriter of workers' compensation insurance, is organized as a joint venture between Eastern Holding Company, Ltd. (Eastern Holding) and Educators Mutual Life Insurance Company.
1998
Educators Alliance develops fronting programs for Pennsylvania-based associations and group consortiums.
1999
Educators Alliance is assigned a B+ (Very Good) financial strength rating from A.M. Best Company - unusual at the time for such a young company.
2000
Eastern Holding acquires Employers Alliance, Inc. (founded in 1983 as Employers Compensation Services) to function as Educators Alliance's claims department, to generate fee-for-services revenue from Pennsylvania's self-insured community of large employers, and to participate in the fronted/captive alternative marketplace.
2001
Eastern Holding successfully negotiates the buyout of its joint venture owner of Educators Alliance and renames the company "Eastern Alliance Insurance Company" (Eastern Alliance).
2002
Allied Eastern Indemnity Company (Allied Eastern) receives approval to underwrite workers' compensation insurance in Pennsylvania. Employers Alliance, Eastern Alliance, and Allied Eastern are restructured under the umbrella of "Eastern Alliance Insurance Group" or "EAIG."
Eastern Alliance Insurance Group's A.M. Best rating is upgraded to B++ (Very Good), accompanied by a very positive rating rationale highlighting EAIG's "improved capitalization, strong operating performance, and superior agency relationships."
Employers Alliance receives approval to provide workers' compensation claims and risk management services to self-insured employers in Maryland.
In November 2002, EAIG moves to its current headquarters at 25 Race Avenue in Lancaster, Pennsylvania.
2003
EAIG receives approval to offer Large Deductible and Retrospective Rating plans in Pennsylvania.
2005
EAIG begins its state expansion project by offering workers' compensation insurance in Maryland and Delaware.
2006
EAIG becomes part of the newly-formed Eastern Insurance Holdings, Inc. (EIHI). EIHI is a publicly-held company (Nasdaq: EIHI) that through its subsidiaries offers insurance products and services to businesses and organizations.
A.M. Best Company upgrades EAIG's financial strength rating to A- (Excellent).
2007
Eastern Advantage Assurance Company is formed, beginning operations in 2008.
2008
EAIG opens its first regional office in Charlotte, North Carolina, expanding EAIG's operational focus to the Southeast.
EIHI acquires Employers Security Holding Company and its subsidiaries, which include Employers Security Insurance Company (ESI), an Indianapolis-based, monoline workers' compensation underwriter. ESI is structured into EAIG as a fourth writing company, and EAIG expands its operations into the Midwest. ESI's Indianapolis headquarters becomes EAIG's Midwest regional office.
2010
EAIG opens its first satellite office in Nashville, Tennessee, and a western PA satellite office in Wexford, Pennsylvania.