The Hanover expects Q4 PL average renewals of 10% after Q3 inflation-driven losses
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The Hanover expects Q4 PL average renewals of 10% after Q3 inflation-driven losses

Jairo Ibarra
November 02, 2022
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The Hanover CEO Jack Roche said that the company expects a personal lines renewal price change of approximately 10% in the fourth quarter, after the segment was hit in Q3 by inflation-driven losses and supply chain delays on personal auto and homeowners' property lines.

“Our most effective response to higher inflation is to increase rates,” Roche told analysts during the firm’s Q3 earnings call.

“[We

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Jairo Ibarra
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