The Hanover Insurance Company does a lot of business in Oklahoma and plans to keep it that way. Responding to an article published on Insurance Journal‘s website, www.insurancejournal.com, that inaccurately reported the company was leaving the state, The Hanover said that was not true.
“We have not withdrawn from the Oklahoma market,” said company spokesperson Mike Buckley. “We are still actively writing P&C business in Oklahoma.”
The company has strong relationships with agents in Oklahoma, Buckley said. As part of its distribution strategy, however, The Hanover “sometimes terminates relationships with agents who don’t write meaningful volumes and who are not strategically aligned,” he said.
The company is committed to profitable growth in its property/casualty business in Oklahoma with its strategic agent partners there, Buckley said.
In a letter to Insurance Journal, James Greising, vice president of marketing for The Hanover, said the company fully intends “to maintain a significant presence in the state.”
Insurance Journal regrets the error.
Topics Oklahoma
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