Cincinnati Insurance was incorporated in the year 1950, by many independent agents, who made the property casualty insurance business as their main business. The company has been offering property as well as casualty insurance business. The Cincinnati Life Insurance Company has been marketing the life and disability income insurance and annuities. It has been supporting the insurance subsidiaries, and the different independent representatives, through the different commercial leasing and financial activities. Asset management and other services to different institutions, corporations are also provided by the CinFin Management Company.
It was the year 1968, when the Cincinnati Financial Corporation was founded as a holding company and that was able to provide added value to other policyholders. There are two subsidiaries of the company, the Cincinnati Casualty Company, and the Cincinnati Indemnity Company. Both these companies would provide insurance business to families as well as individuals in order to access policies from an insurer, and thereby make a gain in the financial strength of the company.
It was in the year 1970, that CFC Investment Company, started providing lease and financing services to many independent agents and clients.1973 marked the beginning of the operations of life Insurance, and the two life insurance companies merged in order to form The Cincinnati Life Insurance Company. Today the company is between the top 25 property and casualty insurance companies of the United States that is based on the consolidated revenues of the company.
What is Cincinncati Insurance’s main business?
The main business of the company is insurance. In the year 2004, the company was ranked as 26th largest property and casualty insurance company in the United States that is based on the net written premiums. The CinFin Capital Management Company provides asset management services to the different institutions, corporations and individuals.
2. What type of insurance does Cincinncati Insurance provide?
The company is involved in the selling of casualty and life insurance. In the year 1971, 71% of the premium that was earned came from the commercial lines of insurance, while there were many personal lines that accounted for 26%.There were other kinds of insurance, such as life disability and annuities that account for 3%.
3. How can I find a local Cincinncati Insurance agent?
In order to find a Cincinncati agent, you may be required to call (800) 769-0548 for an agent referral. There are independent agents also available who shall provide you with insurance for our home auto, life or business.
4. How many people does Cincinnati Insurance employ?
Cincinnati Financial Corporation along with its many subsidiaries is known to be employing more than 3983 associates, by the year ended 2005.There are more than 2800 associates who work in the headquarters in Fairfield Ohio. There are more than 1150 field representatives who work out of their homes, in our different agents communities.
Our house had a water line break on Aug 1st, 2014. It has been almost 9 weeks since the incident and we still do not have funds from them to fix our house. We will soon be on our 4TH check from them after a string of incorrect names included, "lost in the mail", checks our lender were not included on and counts cash, who knows what the 4th will bring. Completely unacceptable from a company I am told has great customer service. Looking at this website, I can see directly through the marketing fluff and know that I am not the only one having issues.
Rude and Unprofessional
I have property coverage on my lake cabin with Cincinnati. A large tree was blown over and landed on a storage building causing significant damage. Things started out ok with the adjuster - but when I sent him my contractor's estimate for tree removal and repair - the tune changed significantly. The adjuster accused the contractor of fraud with respect to the amount of time it took to remove the tree, he chastised me for having the tree removed from my property asking why I didn't keep it for firewood? I don't need more firewood and none of your damn business!
The adjuster lied to me by misrepresenting what my policy would pay for to try and get me to take a lesser amount. The entire episode was ridiculous - and remains ridiculous as the claim is unsettled 4 months after the event.
The good news is we aren't talking a lot of money - but I also have Cincinnati for my primary home which would be very substantial to replace. As soon as I settle this claim I will be taking my business elsewhere.
My strong advice is to stay very far away from this company.
Just received my homeowners premium bill. They increased the premium by 120 percent. I called and was given some lame excuse that I was 2 miles further from the fire dept than when they initially wrote the policy four years ago. Sorry, they can take their insurance and shove it.
I was involved in a car accident, my car was totaled due to the fault of their client and they are saying that I was negligent because their client said my lights were not on. This is an excuse for them not to compensate me 100%. I even contacted the adjuster\'s manager and she was just as rude and unprofessional. I had no choice but to report them to the Commission of Insurance. No one should have to go through this type of hassle when they are suffering from an accident that was not their fault. They need to hire more workers and solve claims in a timely manner. They also need to be re trained on customer service skills.
Unprofessional Claims Adjuster
I was involved in an auto accident, the other driver was at fault. The claims adjuster was horrible. Unprofessional, abrupt, and rude. He had my car towed to a salvage yard before I transferred title to the Company. He called me regarding medical treatment and began suggesting treatments...without a medical license. When he dropped off the check for pay off of my car, he then contacted underwriting and told them we were 'running a dog rescue' out of our house. He defined our adopted rescue dogs as running a dog rescue. Once I explained this to the agent, she immediately knew he misconstrued the situation. I believe he did this in retaliation, as I had called the Corporate office since he had not contacted me about my claim and pay out for over a month. I may have had a better experience with another claims adjuster, but at this point, I would not refer anyone to Cincinnati Insurance.
Roof Claim Denied
Our house was built in 2001. We bought it in 2005. We have been insured with Cincinnati since 2009. Cincinnati inspected the house at time of the initiation of coverage. We set a deductible at $1,000. In 2014, we recently had shingles blown off our roof. We contacted Cincinnati and they sent an engineer to get on the roof and inspect it. The engineer concluded that the loss was due to improper installation since the roofer put the nails too high on the shingle and rack nailed certain shingles. Cincinnati is denying the claim for coverage. We will have to spend more than $15,000 of our own money on the roof. Cincinnati stand's behind you pick pocketing you for the premiums but disappears when there is a claim. I cannot rate them above a zero.
Waste of Time
I was contacted by my agent about my home owners insurance. She told me she could get me a better price for my homeowners insurance but I would have to also switch my auto insurance to Cincinnati Insurance company. I was hesitant but eventually did so. I received a letter a month later indicating I would have to complete a number of repairs and updates within the next 30 days or the policy would be cancelled. I wasn't quite ready to do the repairs at that time but they did need to be done so we got started. As it turned out the repairs, totaling close to $4000.00, were near completion but would not be completed by the due date but actually two days later. When asked about extending that due date two days Cincinnati's reply was, "No. If we extend the date by even one day they would have to extend it for the whole year", EVEN THOUGH THE ASSHOLES WERE ALREADY PAID FOR THE WHOLE YEAR. As a result they cancelled the policy. I was told by my incompetent agent to take pictures after the work was completed to see about reinstating the policy but I acquired insurance through another company at a much higher rate which I am not happy about but I would MUCH RATHER PAY A HIGHER PREMIUM WITH ANOTHER COMPANY THAN DO ANY BUSINESS WITH CINCINNATI INSRANCE COMPANY. I am glad to say I also switched the auto insurance as well. Cincinnati Insurance company is a waste of time, I would NEVER refer this company to anyone.
Dropped Because of Age
I had Cincinnati auto, homeowners and an umbrella policy for over 18 years. I have never made a late payment. I got a notice from Cheri Tuerk, Chief Underwriting Specialist, saying they would not renew my auto or umbrella policies because of claims in January 2012 and January 2013. No further explanation or exactly what these claims were or even a thank you for paying them a large amount of money in a timely manner for the past 18 years. The problem is that this is perfectly legal. The insurance agency through which I had purchased Cincinnati insurance found me a policy with Progressive for over double the premium I had been paying to Cincinnati! I found a policy with USAA that costs just a little more than Cincinnati. What I take away from this is that insurance companies need to be heavily regulated. I understand they are in business to make money but paying two claims (totaling $1500) in 18 years does not make me a poor risk. It just says that insurance companies cannot regulate themselves. My guess is that they are really dropping me because of my age (70). Until there's more regulation you might want to stay away from Cincinnati.
Outstanding Service, Coverage and Rates
Excellent! Rates are competitive, coverage is very broad. I've had claims that have been handled with great service.
Renewals have been smooth and fair. I have been with Cincinnai for 8 years and highly recommend them.
Huge Rate Increase
I just received my renewal billing. I\'ve been with the company for over 20 years and have had no claims. My premium increase was 40% higher than last year. While I always expect some kind of increase, this is outrageous!!!!!