NU Online News Service, Aug. 05, 3:36 p.m. EDT
Second-quarter net income for The Hanover Insurance Group Inc. dropped to $2.3 million from $64.4 million a year ago as the personal and commercial lines insurer absorbed $85 million in catastrophe losses.
The personal lines segment posted a combined ratio of 107.5 during the quarter while commercial lines had a 104.7 combined ratio, the Worcester, Mass.-based insurer said.
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