The Hanover Insurance Group News

Hanover Offers Insurance Advice for Parents Sending Kids to College

The Hanover Insurance Group advises that as new high school graduates get ready to head off to college, parents would be wise to prepare for potential risks and liabilities, and to consider the insurance implications. “Be proud of your child’s …

Hanover Insurance Group Swings to Q4 Profit a Year After Sandy

The Hanover Insurance Group Inc. in Worcester, Mass., reported net income of $70.1 million for its 2013 fourth quarter, improving from a net loss of $55.0 million during the 2012 fourth quarter. Prior-year loss results included the impact of $129 …

The Hanover Insurance Group Q3 Profit Rises 52% to $61M

The Hanover Insurance Group Inc. reported net income of $61.3 million for its 2013 third quarter, an increase of 51.7 percent compared to $40.4 million profit during the same period a year ago. The Worcester, Mass.-based Hanover said it sees …

Hanover Insurance Taps Hartford Exec to Lead Professional Liability Unit

The Hanover Insurance Group Inc. has named Greg Leffard president of Hanover Professional Portfolio unit, responsible for the company’s errors and omissions (E&O) insurance businesses. Hanover Professional provides professional liability and E&O products for small and mid-sized firms, with specialized …

The Hanover Says It Is Committed to Oklahoma

The Hanover Insurance Group does a lot of business in Oklahoma and plans to keep it that way. Responding to an Insurance Journal article that inaccurately reported the company was pulling out of the state, The Hanover said that was …

60% of Direct Buyers Eventually Return to Independent Agents: Study

Most customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The Hanover Insurance Group, nearly 60 percent of consumers who had …

Hanover Q2 Profit Rises to $53M; Strong Pricing Environment Cited

The Hanover Insurance Group Inc. reported net income of $53.4 million for the 2013 second quarter, an increase of 157 percent compared to $20.8 million net income during the same period a year ago. The net income for the first …

Hanover Insurance Group Q1 Profit Rose 33% to $66M

The Hanover Insurance Group Inc. reported net income of $66.2 million for its 2013 first quarter, up 33.2 percent compared to $49.7 million income reported during the first quarter of 2012. Operating income for the first quarter was $59.9 million, …

Hanover Insurance to Sponsor Basketball Hall of Fame’s Annual Event

The Hanover Insurance Group said it will be the main sponsor for the Naismith Memorial Basketball Hall of Fame’s 2013 class announcement.The annual announcement will take place in Atlanta on April 8, the Championship Monday of the NCAA Men’s Final …

The Hanover Posts $55M Q4 Loss, but Full-Year 2012 Profit Up 52% to $56M

The Hanover Insurance Group in Worcester, Mass., reported a net loss of $55.0 million for the 2012 fourth quarter, in contrast to $49.6 million profit posted for the fourth quarter of 2011. The Hanover’s latest financial results were hurt by …