Hanover Insurance Group Board Boosts Buyback Plan

WORCESTER, Mass. (AP) — The Hanover Insurance Group Inc. said Thursday its board of directors has authorized a $100 million increase to the company's existing share repurchase program.

The program initially was authorized by the board in October of 2007, allowing for the buyback of up to $100 million of its shares. Since then, the company has repurchased about $94 million in common stock.

Shares of The Hanover Insurance Group fell 11 cents to close at $40.84.