Commercial Lines

The Hanover Insurance Group is enhancing its technology product suite to help its agent partners seize more opportunities in the market. These enhancements build on the companys suite of specialized products for small- to mid-sized technology companies, with a focus on its errors and omissions (E&O) offering.

The Hanover Insurance Group is enhancing its technology product suite to help its agent partners seize more opportunities in the market. These enhancements build on the companys suite of specialized products for small- to mid-sized technology companies, with a focus on its errors and omissions (E&O) offering.

Last weeks order by New Jerseys governor standardizing the rebuilding codes along the states coast in the wake of Superstorm Sandy will help speed the process of rebuilding, but agents say property owners are just beginning to learn the implications it may have on their reconstruction decisions.

While a continuing weak recovery is expected for G-20 economies, property and casualty insurers are expected to withstand the challenging environment well since their product offerings, particularly in personal lines, are mandatory for buyers, says Moodys Investors Service.

Casualty rates climbed upward through the fourth quarter of 2012 and are positioned to continue the trend into 2013, a report from insurance-broker Marsh says.

The U.S. has gone seven consecutive years without a landfalling major hurricane, the longest stretch since the 1860s, a meteorologist with Aon Benfields catastrophe modeler says.