Second-quarter net income at Hanover Insurance Group jumped to $53.4 million from $20.8 million a year ago on higher rates and better exposure management, the company says.
CEO Frederick H. Eppinger says the Worcester, Mass.-based saw price increases of 8 percent in commercial and 9 percent in personal during the second quarter.
Net premiums written in the commercial segment during the second quarter were up 5 percent to $521.5 million and catastrophe losses were down to $15.1 million from $38.4 million in 2012.
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