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.
An insurance company's contractual agreement is for accidents and occurrences. Its not a maintenance contract. I hate how people think they can let their roof go for 30 years, and just because storm happens to blow through, they think the insurance company should replace the whole thing. Stop being a slum and repair your own roof. You are the people making us responsible homeowners pay more for our premiums. Also, it doesn't matter which insurance company the 'other driver' who hit you has. There is a contract between the 'other driver' and the insurance company which states: "Driver pays $x in premium, insurance company pays $z if there is an accident. If that 'other driver' was too cheap to buy decent limits, It's not the insurance company's job to pay you for all of your medical bills/property damage. You have to sue the other driver, or make an under-insured motorists claim with your own insurance company. Your insurance score is not the same as your credit score. It takes into other factors like driving record, criminal record, claims history, credit score, and many other things. You can have an 800 credit score, but if you're a bad person, or have a criminal record, (theft, dishonesty, violence, drugs, DUIs), you will most likely have a low (high) insurance score.
I was a loyal customer for over 10 years paid them thousands of dollars in premiums. I called to just ASK about ignition interlock. Two days later they sent me a cancellation. I wasn't even convicted of a DUI!
Luck won't Pay My Bills
I was rear ended by one of their clients. The driver lied to the Highway Patrol officer and he wrote a statement out that was a big lie. The officer believed him after he lied to her three times. The insurance adjuster knew I was badly hurt, but because my car was not completely totaled they are doing NOTHING. I was seriously hurt in about five different locations on my body. I tried to get them to pay for damages and hospital bills. They will not even call. They more or less say "Good luck".
Great Service For Extremely High Rates
Their rates were extremely competitive when we first bought our home, so we moved HOI and both autos to them. This year was the first time we needed to contact them after three years as a customer. The first time was a home claim that was handled very quickly by a friendly, helpful adjuster. We have zero complaints about their claims process; it was researched, settled, and closed in less than a week. The second time, someone hit us while we sat at a stop light, and while it was the other drivers' fault, his insurance took too long to do anything so our adjuster stepped in and took care of us. Again, fantastic service. Then we got our new HOI rate for the year, with a $2,000 increase. Calling for comparison rates, every other quote we have is $2,000 to $2,500 less. If you have the money, by all means, Cincinnati is fantastic. We are very sad to do it, but must move our coverage because we cannot afford to pay double or more for admittedly fantastic coverage and service.
I was rear-ended by a truck that had Cincinnati Insurance. I had to call them after 4 days of waiting and hearing nothing. Then the lousy adjuster that came out literally spent 4 minutes looking at my vehicle and then just leaves. I hear from no one after this. I just get a check in the mail for $1,100. The damage on my vehicle was over $4,400. I called them and they said that the adjuster wrote up the rest as prior damage! Are you kidding me?! The truck is brand new and had no damage of any kind. Complete ripoff. They said for me just to submit it to my own insurance co if I didn't like it. Very rude and unprofessional.
I have had Cincinatti for home and auto for over 20 years and have had a few claims on both home and auto. The agents were very knowledgeable and satisfied my claims in a very timely manner. I would and have recommended this company to anyone.
Out of Touch
I have been insured with Cincinnati for 18 years. I have insured my home and numerous vehicles. During that time I have had only one payout on my home for around $1,500 for a gutter that was destroyed in a windstorm and one minor fender bender a few years back. I have a history of responsible driving and of prompt payment of premiums. I have never had a policy canceled for any reason. Last month Cincinnati ran what they referred to as an "insurance credit rating" and suddenly found me to be a high risk policyholder and jacked my premiums up by about $1,000 per year. I have an excellent credit score, over 800, and Cincinnati refuses to tell me what terms this poor rating is based upon. My debt to credit ratio is balanced and I believe there is no justification for this. I will be canceling all my policies with Cincinnati immediately and I will be sure to spread the word about their dishonesty and disloyalty. I am sorry I stayed with them for 18 years.
I was in wreck. Cincinnati was the other driver's insurance company. I had no problems what so ever with the agent who came see me. He was very nice and handled the claim very quickly to my satisfaction.
Low-Balled and Dropped
Having Cincinnati is the same as having no insurance. During those hurricane winds several years ago, they gave me $2,900 for a new roof and after I couldn't possibly get one for that price, they dropped me for having a bad roof.
Great Claims Resolutions!
My home has been broken into twice over the last 15 years and my agent was wonderful. He sent someone out immediately to secure my home and I recieved a check quickly upon submission of my claim. My coworker had copper pipes stolen from her home and had no problems with her claim either.