The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the year with net income up 38% to about $2.5 billion. Commercial lines record fourth quarter 2023 net income of $687 …
Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe losses of nearly $196 million primarily from multiple convective storms in the Midwest. “Severe weather represented a formidable challenge in …
Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new report. Despite being a leading cause of homeowners’ claims, …
Times are good for contractors, with an active market creating an abundance of work, increasing revenues, and business growth. In 2021, President Joe Biden signed a $1.2 trillion infrastructure bill and over the next five years, it will deliver $550 …
This post is part of a series sponsored by The Hanover Insurance Group. There was a time not long ago when most small businesses were well protected by standard lines coverages such as business owners policies, workers’ compensation and auto. …
This post is part of a series sponsored by The Hanover Insurance Group. The excess and surplus market is growing rapidly. Business is being driven from the admitted market due to actions taken in response to significant weather events, rising …
This post is part of a series sponsored by The Hanover Insurance Group. The rising cost of building materials is quickly outpacing inflation rates, and the high demand for qualified workers and widespread global supply chain pressure, are only adding …
This post is part of a series sponsored by The Hanover Insurance Group. As these and other companies expand the scope of their businesses and assume new risks, there are increasing opportunities for independent agents to counsel manufacturing clients and …
This post is part of a series sponsored by The Hanover Insurance Group. General and professional liability coverage is a key component of insurance protection for allied healthcare businesses. However, healthcare organizations may be unaware of common liability coverage gaps …
This post is part of a series sponsored by The Hanover Insurance Group. As the pandemic continues, we’re seeing new COVID-19-related regulations, restrictions and advisories issued and adjusted by federal, state, and local officials on a regular basis. Each jurisdiction …
