NU Online News Service, July 14, 12:20 p.m. EDT
Insurers Hanover Insurance group, State Auto Financial Corp. and Argo Group International Holdings Ltd. announced tens of million of dollars in losses due to catastrophes in the 2010 second quarter.
Hail, wind and other weather-related events hit Hanover for $85 million in second quarter losses, which will add about 12 points to the company's combined ratio during that time, said Chief Executive Officer Frederick H. Eppinger.
Mr. Eppinger said the loss activity during the second quarter far exceeds the Worcester, Mass.-based company's average of 3.2 points added to the second quarter combined ratio over the last decade.
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