Cincinnati Insurance Co. News

Common Insurance Questions (and Answers)

Insurance is complicated, and there are many misconceptions about coverage that could leave policyholders uninsured or underinsured. You offer great value as the best resource to explain the benefits, restrictions and exclusions of policies to your clients – because you …

5th Circuit: No Assertion that Drunken Driving Equals Intention to Crash

If a drunken motorist collides with another vehicle, can the incident truly be called an accident? A federal judge in Texas said “no” and dismissed a plaintiff’s lawsuit seeking punitive damages from Cincinnati Insurance Co. The U.S. 5th Circuit Court …

Cincinnati Insurance to Open Facility at U. of Cincinnati’s Innovation Hub

Cincinnati Financial Corp.’s property casualty subsidiary, Cincinnati Insurance Co., will open an innovation center within the University of Cincinnati’s 1819 Innovation Hub in early 2019, the company said. UC is one of 115 institutions that are classified as “R1: Doctoral …

Insurer: Not liable for Claims of Embezzlement in New Mexico Matter

Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, …

Remodeler of Collapsed South Dakota Building Files for Bankruptcy

The Sioux Falls company that was remodeling the Copper Lounge building when it collapsed in December 2016 has filed for bankruptcy protection. The Argus Leader reports Hultgren Construction’s Chapter 11 filing will enable the company to reorganize as it faces …

Stoneburner to Retire; Spray to Lead Commercial Lines at Cincinnati Insurance

Cincinnati Financial Corp. announced that Charles P. (Bud) Stoneburner II, senior vice president – commercial lines for its lead subsidiary, Cincinnati Insurance Co., will retire within the next six months. Upon his retirement, Stephen M. Spray, senior vice president, head …