Carriers Report Favorable Development in Comp Line in Q2

Favorable reserve development in the workers’ comp insurance line helped boost second-quarter results for multi-line carriers The Hanover Insurance Group and Selective Insurance Group, the companies reported this week. At The Hanover, second quarter results included $4 million of net favorable prior-year reserve development, excluding catastrophes, driven by releases in workers' compensation and commercial multiple peril. That was partially offset by reserve increases in commercial auto and other commercial lines, the company said.  The quarter’s net favorable reserve de...