This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Hanover Reinforces Its Commitment To Driver Safety

WORCESTER, Mass. , Nov. 29, 2012 /PRNewswire/ -- The Hanover Insurance Group, Inc., a leading provider of property and casualty insurance nationwide, today announced a $250,000 grant to the Insurance Institute for Highway Safety (IIHS) to help improve safety on the nation's roads. A n independent, nonprofit, organization, IIHS is the authority on scientific research and education dedicated to reducing deaths, injuries and property damage from automobile crashes on the nation's roads.

(Logo: http://photos.prnewswire.com/prnh/20120404/NE82147LOGO)

The Hanover's grant will help IIHS to expand its world class Vehicle Research Center to evaluate crash avoidance systems. Crash avoidance systems are among the newest technologies which are increasingly being offered in automobiles today. While t hese advanced technologies vary in their function and how they operate, they monitor driver input and the environment around the vehicle. In addition, crash avoidance systems use the information they gather to warn drivers when they detect the potential for a collision. They may also brake or steer the vehicle if the driver does not take action to avoid a crash.

"As a leading auto insurer, driver safety is a critical concern for The Hanover. The work the IIHS has done   has saved lives and we believe strongly in their mission" said Mark Desrochers, president, personal lines. "We are thrilled to deepen our support of the IIHS. As that organization expands its important research, we hope that our grant will help to make our nation's roads a safer place."

The Hanover's grant will help IIHS to add needed structural elements to the organization's testing facilities to help conduct additional crash avoidance research. These may include an expanded test track, vehicles and test dummies, and dummy carrier systems that are self-propelled and robotically controlled.  

"The landscape of in-vehicle technologies is rapidly changing as new features continue to be introduced," said Adrian Lund, president of the IIHS. "Support from The Hanover and other insurance company partners is critical in helping us to advance our research in this emerging area. This increased support demonstrates, once again, that insurers really care and are leading the charge in passenger and vehicle safety."

About the Insurance Institute for Highway Safety The Insurance Institute for Highway Safety is an independent, nonprofit scientific and educational organization dedicated to reducing the losses — deaths, injuries and property damage — from crashes on the nation's roads. The Institute is wholly supported by auto insurers. For more information, please visit www.iihs.org.

About The Hanover Founded in 1852, The Hanover Insurance Group, Inc. (NYSE:THG) is proud to be celebrating 160 years of delivering on its promises to its agent partners and their customers. The Hanover offers a wide range of property and casualty products and services to businesses, individuals, and families through a select group of agents and brokers, and is ranked among the top 25 property and casualty companies in the United States.

Based in Worcester, Mass., The Hanover Insurance Group, Inc. 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, Michigan, Chaucer Holdings PLC, based in London, and their affiliates. Through Chaucer, the company underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including property, marine and aviation, energy, U.K. motor and casualty. For more information, please visit www.hanover.com .

CONTACT:

Amy BanekMedia Relations abanek@hanover.com(508) 855-4486

SOURCE The Hanover Insurance Group, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs