The Hanover Insurance Group, Inc. Estimates Impact from Third Quarter Hurricane Activity And...

Friday October 10, 5:33 pm ET WORCESTER, Mass., Oct. 10 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE: THG - News ) today announced estimated third quarter losses from hurricanes Gustav, Ike and other weather-related catastrophe events, and provided information on financial holdings. The Hanover estimated its pre-tax loss resulting from all catastrophe events in the third quarter of 2008 to be in the range of $95 to $100 million. "Hurricane and related storm activity during the third quarter created significant demands on the industry and our company, with total losses for all storms likely to be well over $15 billion industry-wide," said Frederick H. Eppinger, chief executive officer of The Hanover. "While both Hurricane Gustav and Hurricane Ike were significant, Ike is turning out to be a much wider-... [read full story]