Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
New Hanover Insurance Program Targets Real Estate Owners, Managers
May 14 2008 // The Hanover Insurance Group, Inc. has unveiled Real Estate Advantage, a new insurance program offering specialty coverages to for commercial real estate owners and managers. Real Estate Advantage offers coverages for...
Hanover Insurance Grows Commercial Lines, Shrinks Personal Lines in 1Q
May 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass., reported a drop in net income, an increase in commercial lines business and higher losses on personal lines for the first quarter of 2008. The company’s net...
Hanover Insurance Sheds Premium Finance Unit, AMGRO
Mar 13 2008 // Worcester, Mass.-based The Hanover Insurance Group, Inc. said it will divest its non-insurance, premium finance subsidiary, AMGRO, Inc. and its subsidiaries, to Premium Financing Specialists, Inc. of Kansas City,...
Mass. AG Loses Another as Hanover’s Auto Insurance Filing is Cleared
Jan 30 2008 // Massachusetts Attorney General Martha Coakley has lost another skirmish in the battle over regulation of 2008 auto insurance rates. Insurance Commissioner Nonnie Burnes has upheld the rate filing of Hanover Insurance,...
For 2007, Hanover Reports P/C Earnings Up 20%; Premiums Up 5%
Jan 29 2008 // The Hanover Insurance Group Inc. in Worcester, Mass. reported a rise in earnings for the fourth quarter and last year overall while its chief executive officer expressed confidence the company has “momentum leading...
Hanover Insurance to Acquire Chemical Industry Insurer Verlan
Jan 14 2008 // Worcester, Mass.-based The Hanover Insurance Group, Inc. has agreed to acquire Verlan Holdings, Inc., a Silver Spring, Maryland-based holding company that provides insurance to manufacturers and distributors of...
Hanover Program Targets Mid-to-High End Hotels
Dec 19 2007 // The Hanover Insurance Group, Inc. is making available a new insurance program — The Hanover Hospitality Advantage — for hotels and motels. The Hanover Hospitality Advantage was developed to help the...
Mass. Auto Insurers Get Into Gear for Competition
Dec 2 2007 // Most plan to cut rates as state moves ahead with plan for managed competition for 2008 Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers...
Hanover Among First to Tout Mass. Auto Rates; Vows Agent Appointments
Nov 19 2007 // The Hanover Insurance Group, Inc. was one of the first insurers to tout its competitive rates and product filings at today’s deadline for auto insurers looking to compete in Massachusetts under the new managed...
Myron Named Treasurer at Hanover Insurance
Nov 13 2007 // The Hanover Insurance Group, Inc. announced that Robert P. Myron has been appointed director of corporate finance and treasurer. In this role, he will oversee the company’s corporate finance activities, including...
Hanover Ready to Offer Connector Product in New Mass. Auto Market
Nov 9 2007 // As Massachusetts prepares to open up its private passenger auto insurance market to more competition, The Hanover Insurance Group, Inc. is ready to drive in with coverages it has been offering in other states but not in...
Hanover Insurance Profit Soars 61% in 3d Quarter
Oct 30 2007 // With fewer catastrophe claims to pay, Hanover Insurance Group Inc.’s profit jumped 61 percent in the third quarter, the company reported this week. Net income for the third quarter of $53.9 million, or $1.03 per...
Hanover Offering Discounts in Mass. for Advanced Driver Training Course
Sep 27 2007 // As Massachusetts prepares to move to a more competitve auto insurance system, The Hanover Insurance Group announced it will offer discounts on an advanced driver training course for its policyholders and their family...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices has named its officers and directors for the 2007-2008 term. The new NAPSLO president is Mary Ellen Rozzell, who is with Continental/Marmorstein & Malone...
New CFO Leaves Hanover Insurance
Sep 18 2007 // The Hanover Insurance Group, Inc. has confirmed that its recently-hired executive vice president and chief financial officer, John J. Leahy, is resigning for personal reasons. The company said the search for a successor is...
The Hanover Completes Acquisition of Lawyers’ Insurer, Professionals Direct
Sep 17 2007 // The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional...
Hanover Names Morelli Regional V.P., Personal Lines, in N.Y.
Sep 4 2007 // The Hanover Insurance Group, Inc. announced that Roger Morelli has been named regional vice president for personal lines for the company’s New York territory. Morelli will be responsible for both the Upstate and...
Hanover Names Lavey Northeast Region President
Aug 24 2007 // The Hanover Insurance Group has named Richard W. Lavey regional president for the Northeast region, including the company’s operations in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey and New York. In...
Officer Assigned to The Hanover’s Southeast and Central Regions
Aug 2 2007 // The Hanover Insurance Group Inc., has strengthened its underwriting capabilities with the appointment of Robert Collins as chief underwriting officer for the Southeast and Central regions, including the states of Arkansas,...
