The Hanover Insurance Company · Worcester, MA United States
Company Description
Phone: 508-855-1000
Fax: 508-855-6313
Toll Free: 800-853-0456
View The Hanover Insurance Company Locations On A US Map
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This link will open in a new window The Hanover Insurance Companies is the property/casualty product division of The Hanover Insurance Group , the Worcester, Massachusetts-based insurance holding company. Hanover offers personal and commercial property/casualty insurance, including automobile, homeowners, workers' compensation, and commercial multiple-peril insurance coverage. While the company is licensed to sell its products in all 50 states, its network of independent agents is concentrated in the Midwest, Northeast, and Southeastern US. Citizens Insurance Company of America, which sold the first auto insurance policy in the US, is Hanover's sister company. To read the full description, subscribe now.
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Key The Hanover Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
| Employees | 2,500 |
The Hanover Insurance Company Executives
18 executives listed for The Hanover Insurance Company's Worcester, MA location.
| Title | Name & Bio | Contact |
| President | Marita Zuraitis | Network |
| VP, CIO, and COO | Gregory Tranter | Network |
| EVP and CFO | Eugene Bullis | Network |
Competition
Competitive Landscape for The Hanover Insurance Company
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top The Hanover Insurance Company Competitors
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