Cincinnati Financial Corp. announced that The Cincinnati Insurance Co. launched operations in Washington on May 22 with the appointment of its first independent agency in that state.
Payne Financial Group Inc. has been selected to bring Cincinnati’s property/casualty insurance products to business customers in the Spokane, Wash., area.
J.F. Scherer, Cincinnati’s senior vice president of sales and marketing, commented, “Our Montana-based field marketing representative, Angie Delaney, is opening this new marketing territory serving eastern Washington and northern Idaho. She is screening interested agencies to select those with the highest professional standards, compatible philosophies and formal marketing plans.”
The company said earlier this week A.M. Best Co., a rating organization, affirmed its “A++” financial strength rating and its “aa+” issuer credit rating for the property/casualty group. Best also affirmed the “A+” financial strength rating and “aa-” issuer credit rating of The Cincinnati Life Insurance Co., as well as the aa- issuer credit and senior debt rating of parent Cincinnati Financial Corp., the company said.
The agency appointment is the first of several the company expects to make in Washington in the coming months. Cincinnati has operated successfully in Idaho since 1999 and has 10 agency locations in the southern part of the state. The company recently began appointing local agencies in northern Idaho to complement those in eastern Washington.
Cincinnati Financial Corp. offers property and casualty insurance through The Cincinnati Insurance Co., The Cincinnati Indemnity Co. and The Cincinnati Casualty Co. The Cincinnati Life Insurance Co. markets life and disability income insurance and annuities. CFC Investment Co. offers commercial leasing and financing services. CinFin Capital Management Co. provides asset management services to institutions, corporations and individuals. For information about the visit www.cinfin.com.
Source: Cincinnati Insurance
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