NU Online News Service, May 8, 3:45 p.m. EDT

Despite a down economy and ratings issues with a number of insurers, The Hanover Insurance Group Property and Casualty Companies has been upgraded by A.M. Best Company.

Best announced today that it had upgraded the financial strength rating (FSR) of Hanover to "A" (Excellent) from "A-minus" (Excellent), and the issuer credit ratings (ICR) to "A" from "A-minus" for Hanover Insurance Group and its members.

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