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 catastrophe losses stemmed from 19 convective storms across multiple states, with …
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. Exclusive coverages within the program include E&O insurance for real estate agents (including …
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 purchased insurance for traditional cyber risks, such as breaches …
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 their offerings to provide new consulting services, advice, …
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 occurrence within a commercial general liability (CGL) policy. …
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, managing volatility and generating strong returns for shareholders. Joseph M. Zubretsky, …
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 pursue other opportunities. Fowle has held key leadership roles …
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 option offers businesses the choice of paying their premiums as part …
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 $25,000, the self-imposed cap that Baker set for donations to his inaugural …
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 initially came on board a decade ago. Lavey’s responsibilities will include …
