Forecasters are warning that a winter storm currently hitting the East Coast could be one for the record books, and it is being taken seriously as residents scurry to stock up on food, water, and gas. Road crews are also on standby with salt and sand.

The Northeast from Maine to Virginia, as far west as the Great Lakes, is prepping for a winter mix of snow, ice and rain with high winds, blizzard concerns and dangerous traveling conditions.

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