Cincinnati Financial Corp. Elects New Director

Cincinnati Financial Corporation today announced that the board of directors elected Gregory T. Bier, CPA, to the board and its investment committee at the regularly scheduled meeting of the board on Nov. 17, 2006.

The board also appointed Bier to its audit committee, subject to final determination of his status as an independent director under the company’s corporate governance guidelines and relevant NASDAQ definitions. In conjunction with the appointment of Bier, the size of the board was increased to 15 members. As reported in the company’s 2006 proxy statement, nine of the 14 current directors meet the applicable criteria for independence.

At the company’s next annual meeting of shareholders on May 5, 2007, Bier will stand for election for a three-year term to expire in 2010, and directors Dirk J. Debbink and Douglas S. Skidmore will stand for re-election for the same term. The board determined that two current directors will not stand for re-election.

Bier, 60, retired in 2002 from Deloitte & Touche LLP. At retirement, he was managing partner of the Cincinnati Office, having previously served as lead partner on audits of locally based companies including The E.W. Scripps Co., Fifth Third Bancorp, The Midland Company and The Procter & Gamble Co. He was lead partner from 1994 through 1997 and an advisory partner from 1998 through 2002 on Deloitte’s audits of Cincinnati Financial Corporation.

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company.

Source: Cincinnati Financial Corp.