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...
View ArticleHanover 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....
View ArticleDenver 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...
View ArticleHanover 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...
View ArticleHanover 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...
View ArticleHanover Names Lavey As Personal Lines President
The Hanover Insurance Group has named Richard Lavey as its new president in charge of personal lines coverage. He’s a veteran executive of the Massachusetts-based U.S. property/casualty insurer who...
View ArticleMassMutual, Hanover Among Top Donors to Baker’s Inaugural Committee
Massachusetts Gov.-elect Charlie Baker has collected more than $781,000 in donations from supporters to help pay for his inaugural celebrations. At least 16 companies and individuals have given...
View ArticleHanover Launches Pay-As-You-Go Workers’ Comp Coverage
The Hanover Insurance Group, Inc. has launched a pay-as-you-go option for workers’ compensation policies that allows insureds to pay their premiums in real-time, based on payroll. The new payment...
View ArticleThe Hanover Appoints Fowle as CEO of Chaucer Syndicates, Succeeding Slabbert
The Hanover Insurance Group Inc. announced that John Fowle has been promoted to chief executive officer of Chaucer Syndicates Ltd. Fowle is replacing Johan Slabbert, who is leaving the company to...
View ArticleHanover Insurance Restructures Agency Business; Eyes Specialty Expansion
The Hanover Insurance Group Inc. is making some organizational changes as it implements what its CEO calls its “go-forward business strategy, Hanover 2021” that is focused on growing responsibly,...
View ArticleMassachusetts Court Reverses Ruling in Rotten Seafood Coverage Dispute
The Massachusetts Appeals Court has reversed a lower court’s ruling in a case examining whether damage to scallops at a seafood processing facility, when the cause of damage is unknown, constitutes an...
View ArticleThe Company You Keep Can Make All the Difference for Your Small Business Clients
This post is part of a series sponsored by Hanover Insurance Group Inc. Tens of thousands of small businesses have changed the way they do business, interacting with customers digitally and adjusting...
View ArticleWhat Your Clients Need to Know About Cyber Risks
This post is part of a series sponsored by Hanover Insurance Group Inc. Most businesses recognize a cyberattack can have a potentially devastating effect on their operations. These same businesses have...
View ArticleNorman-Spencer to Grow E&O Program Through RPG with The Hanover
Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group....
View ArticleThe Hanover Insurance Group Estimates Q2 Catastrophe Losses of $262 Million
The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium. Second quarter...
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