Filed Under:Markets, Personal Lines

The Hanover Posts $55M Q4 Loss; Cincinnati Financial, Selective Fare Better

The Hanover posted a fourth-quarter net loss of $55 million primarily due to the impact of Superstorm Sandy, while two other regional insurers—Cincinnati Financial and Selective—managed more positive results.

The Hanover reported Q4 catastrophe losses of more than $132 million—which includes $128.8 million related to the superstorm that wreaked havoc on New Jersey and New York on Oct. 29, producing an estimated industrywide loss of $25 billion.

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