Cincinnati Insurance News

People News: Cunningham Lindsey, Cincinnati Insurance, MEMIC

Cunningham Lindsey Group Announces Executive Appointments Cunningham Lindsey, a global loss adjusting and risk management services company, appointed Harry Patel to global chief operating officer (COO), and David Repinski to chief executive officer (CEO) of the Americas. These appointments are …

Cincinnati Insurance Announces High Net Worth Client Expansion Plan

Cincinnati Financial Corporation announced that over the next five years, its lead property casualty insurance subsidiary, The Cincinnati Insurance Company, expects to bring enhanced insurance products and services to independent agents serving high net worth personal lines clients. The plan …

Court Finds ‘Single Occurrence’ Applies to Drywall Claims Arising From One Shipment

The U.S. District Court in Pennsylvania ruled last week that multiple claims that arose from allegedly defective drywall that the insured entity imported in one single shipment from China should be considered a “single occurrence” for the insurance coverage. The …

Cincinnati Insurance Estimated Third-Quarter Cat Losses Up to $98M

The Cincinnati Insurance Companies’ property casualty group expects its third-quarter results to include pre-tax catastrophe losses of approximately $88 million to $98 million, with its commercial lines insurance segment accounting for almost two-thirds of that total. Steven J. Johnston, president …

Cincinnati Insurance Estimates April Storm Losses Close to $200 Million

The Cincinnati Insurance Companies’ property casualty group expects its second-quarter results to include pre-tax catastrophe losses, net of reinsurance, of approximately $150 million to $200 million incurred due to the more than 9,000 claims from policyholders who reported losses due …