Hanover Insurance Group News

Hanover Insurance’s Q3 Net Income Falls 10% to $55M

The Hanover Insurance Group Inc. reported $54.9 million net income for its 2014 third quarter, a 10.4 percent decline compared with $61.3 million net income during the third quarter of 2013. The Worcester, Massachusetts-based insurer’s earnings were dampened by what …

Hanover Insurance’s Q2 Profit Jumps 55% to $82.6M

The Hanover Insurance Group Inc. in Worcester, Massachusetts, said Thursday its 2014 second quarter net profit rose to $82.6 million, a 54.7 percent increase from $53.4 million profit during last year’s second quarter. The second quarter operating income was $58.4 …

Bankers Insurance Group Acquires AIX Florida Policies

Bankers Insurance Group has reached an agreement with AIX Group to acquire its Florida policies as part of a strategy to increase Bankers’ presence in the state’s Latino community. Under the terms of the deal, as of March 1, Bankers …

Denver Lawyer Loses Liability Over Medical MJ Practice

A Denver lawyer has lost her liability insurance because part of her practice involves representing medical-marijuana businesses. The Denver Post reported the Hanover Insurance Group told Ann Toney last month it wouldn’t renew her malpractice coverage. It sent a notice …

Hanover Posts $49M Q4 Profit; Pricing Improved in Commercial Lines

The Hanover Insurance Group, based in Worcester, Mass., reported $49.3 million for its 2011 fourth-quarter net income, down 15.6 percent from one year ago when the insurer posted $58.4 million profit. For the 2011 full year, Hanover posted net income …