The Hanover sees Q1 catastrophe losses about $175M

The Hanover Insurance Group announced a preliminary estimate for first quarter catastrophe losses of approximately $175M, before taxes, or 12.7 points of net earned premium. First quarter catastrophe losses stemmed from over 20 weather events, including severe freeze events in the Northeast and Midwest in February, and widespread wind and tornadic activity that impacted nearly half of the U.S. in mid-to-late March.