The Hanover tightens terms and conditions as hail batters personal lines: CEO Roche
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The Hanover tightens terms and conditions as hail batters personal lines: CEO Roche

Shelby Rosenberg
August 03, 2023
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The Hanover CEO John Roche has said that amid “record-breaking” hailstorms in the Mid- and Southwest that drove 70% of Q2 cat losses, the insurer is tightening terms and conditions to reduce future cat vulnerability in personal lines.

On a call with analysts, the executive said: “Recent hail events put a spotlight on the fact that houses and roofs in particular are still a full value replacement-type product in many geographies, and we believe the industry is...

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News Results Personal lines The Hanover Earnings
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