WORCESTER, Mass., Nov. 20 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, today announced the introduction of new multi-variate pricing
capabilities for Avenues(TM) Commercial Auto, which cover a broad spectrum of
risks and deliver the competitive prices that the company's agent partners
need to gain a competitive edge in today's marketplace.
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The newest in a long line of new product and technology advancements from
The Hanover, Avenues Commercial Auto is a sophisticated pricing tool that
enables the company's agent partners to price a broad range of risk for their
customers. In addition, the new pricing tool draws on 105 different price
points to provide an accurate risk assessment and the company's most
competitive price-all in real time.
"The enhanced pricing for Avenues Commercial Auto strengthens our total
solution for commercial accounts up to 200k," said David J. Firstenberg,
commercial lines president at The Hanover. "The new pricing tiers will enable
us to expand our already broad appetite, while offering highly competitive
pricing for the best business."
Agents can quote the enhanced Avenues Commercial Auto product today for
policies effective January 1, 2008.*
Because The Hanover has incorporated all of the advancements into its
point-of-sale system, the company's agent partners will be able to easily
quote and issue the product through the same quick and simple data entry
process they have used in the past.
The point-of-sale system also empowers agents with built-in cross-sell
opportunities, helping them to easily quote, issue and service their clients'
total accounts with other competitive, commercial products from The Hanover
which include business owner's policy, commercial package policy, workers
compensation, commercial umbrella, bond and marine.
In addition to The Hanover's point-of-sale system, agent partners have
access to talented, locally-based small commercial sales managers and middle
market underwriters who are available to customize coverage and pricing when
needed.
"Having problem solvers who are on the ground in our agents' markets,
enables The Hanover to be a true partner, one that can help its agents to win
in a competitive environment," Firstenberg said.
* New pricing capabilities for Avenues Commercial Auto is currently
available in Arkansas, Connecticut, Georgia, Illinois, Indiana, Missouri, New
Hampshire, New Jersey, New York, Ohio, Oklahoma, Rhode Island, Texas, Virginia
and Wisconsin. In 2008, it will also be available to The Hanover's agent
partners in Florida, Louisiana, Massachusetts, Maine, Maryland, Michigan,
Minnesota, North Carolina and Tennessee.
For more information on the Avenues(TM) product suite, agents can contact
one of The Hanover's local branch offices or visit the company at
www.hanover.com. Customers interested in purchasing insurance coverage from
The Hanover should contact their local independent insurance agent. You can
find one at www.hanover.com by clicking on "Find an Agent."
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass.,
is the holding company for a group of insurers that includes The Hanover
Insurance Company, also based in Worcester; Citizens Insurance Company of
America, headquartered in Howell, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 40 property and casualty insurers in the United States.
For more information, please visit www.hanover.com.
CONTACTS:
Investor Relations Media Relations
Sujata MutalikAmy Lynn Baneksmutalik@hanover.comabanek@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group, Inc.
Contact: Investor, Sujata Mutalik, +1-508-855-3457, smutalik@hanover.com, or Media, Amy Lynn Banek, +1-508-855-4486, abanek@hanover.com, both of The Hanover Insurance Group, Inc.