CINCINNATI, Sept. 9, 2015 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today announced that its lead property casualty insurance subsidiary, The Cincinnati Insurance Company, launched in New York its Executive Capstone program - a new suite of insurance products serving the unique needs of high net worth personal insurance clients.

The Executive Capstone program offers coverage features, limits and options to help agents tailor insurance programs for the more complex insurance needs of clients with homes valued up to $50 million, yachts, high-end cars or collector cars and personal articles to include fine arts and jewelry. Additional options include green coverage, employment practices liability endorsement for umbrella liability, excess flood when primary plans are purchased and family shield recovery expenses.

Will Van Den Heuvel, senior vice president of personal lines, commented: "We shared the highlights of the Executive Capstone program with our existing agents in New York earlier in the year. Today, we're officially launching the product and meeting with 12 new agencies that can now offer our personal lines products to clients in New York City and the surrounding area.

"We believe that consumers benefit from building a relationship with a local independent insurance agent who understands their specific needs. For 65 years, we've carefully selected the best independent agents and partnered with them to deliver Everything Insurance Should Be(®) to the people and businesses in their communities. Now, we can offer our broad products, superior claims service and industry-leading financial strength to discriminating insurance buyers across the state of New York."

The company's second-quarter results, announced in July, demonstrated the success of its increased focus on high net worth personal insurance clients. Agents across the country responded favorably to a broadened underwriting appetite announced earlier this year. Personal lines net written premiums rose 5 percent in the first half of 2015 as the growth in personal lines new business written premiums accelerated to 20 percent. The company plans to continue expansion of the Executive Capstone program to New Jersey and Colorado in the first half of 2016, California in the second half of 2016, and Texas and Massachusetts in 2017.

About Cincinnati Financial
 Cincinnati Financial Corporation offers business, home and auto insurance, our main business, through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life and disability income insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.



    Mailing Address:               Street Address:

    P.O. Box 145496                6200 South Gilmore Road

    Cincinnati, Ohio 45250-5496     Fairfield, Ohio
                                    45014-5141

Safe Harbor Statement
 This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2014 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 33.

Factors that could cause or contribute to such differences include, but are not limited to:


    --  Unusually high levels of catastrophe losses due to risk concentrations,
        changes in weather patterns, environmental events, terrorism incidents
        or other causes
    --  Increased frequency and/or severity of claims or development of claims
        that are unforeseen at the time of policy issuance
    --  Inadequate estimates or assumptions used for critical accounting
        estimates
    --  Declines in overall stock market values negatively affecting the
        company's equity portfolio and book value
    --  Domestic and global events resulting in capital market or credit market
        uncertainty, followed by prolonged periods of economic instability or
        recession, that lead to:
        --  Significant or prolonged decline in the value of a particular
            security or group of securities and impairment of the asset(s)
        --  Significant decline in investment income due to reduced or
            eliminated dividend payouts from a particular security or group of
            securities
        --  Significant rise in losses from surety and director and officer
            policies written for financial institutions or other insured
            entities
    --  Prolonged low interest rate environment or other factors that limit the
        company's ability to generate growth in investment income or interest
        rate fluctuations that result in declining values of fixed-maturity
        investments, including declines in accounts in which we hold bank-owned
        life insurance contract assets
    --  Recession or other economic conditions resulting in lower demand for
        insurance products or increased payment delinquencies
    --  Difficulties with technology or data security breaches, including
        cyberattacks, that could negatively affect our ability to conduct
        business and our relationships with agents, policyholders and others
    --  Disruption of the insurance market caused by technology innovations such
        as driverless cars that could decrease consumer demand for insurance
        products
    --  Delays or performance inadequacies from ongoing development and
        implementation of underwriting and pricing methods, including telematics
        and other usage-based insurance methods, or technology projects and
        enhancements expected to increase our pricing accuracy, underwriting
        profit and competitiveness
    --  Increased competition that could result in a significant reduction in
        the company's premium volume
    --  Changing consumer insurance-buying habits and consolidation of
        independent insurance agencies that could alter our competitive
        advantages
    --  Inability to obtain adequate reinsurance on acceptable terms, amount of
        reinsurance purchased, financial strength of reinsurers and the
        potential for nonpayment or delay in payment by reinsurers
    --  Inability to defer policy acquisition costs for any business segment if
        pricing and loss trends would lead management to conclude that segment
        could not achieve sustainable profitability
    --  Inability of our subsidiaries to pay dividends consistent with current
        or past levels
    --  Events or conditions that could weaken or harm the company's
        relationships with its independent agencies and hamper opportunities to
        add new agencies, resulting in limitations on the company's
        opportunities for growth, such as:
        --  Downgrades of the company's financial strength ratings
        --  Concerns that doing business with the company is too difficult
        --  Perceptions that the company's level of service, particularly claims
            service, is no longer a distinguishing characteristic in the
            marketplace
        --  Inability or unwillingness to nimbly develop and introduce coverage
            product updates and innovations that our competitors offer and
            consumers expect to find in the marketplace
    --  Actions of insurance departments, state attorneys general or other
        regulatory agencies, including a change to a federal system of
        regulation from a state-based system, that:
        --  Impose new obligations on us that increase our expenses or change
            the assumptions underlying our critical accounting estimates
        --  Place the insurance industry under greater regulatory scrutiny or
            result in new statutes, rules and regulations
        --  Restrict our ability to exit or reduce writings of unprofitable
            coverages or lines of business
        --  Add assessments for guaranty funds, other insurance?related
            assessments or mandatory reinsurance arrangements; or that impair
            our ability to recover such assessments through future surcharges or
            other rate changes
        --  Increase our provision for federal income taxes due to changes in
            tax law
        --  Increase our other expenses
        --  Limit our ability to set fair, adequate and reasonable rates
        --  Place us at a disadvantage in the marketplace
        --  Restrict our ability to execute our business model, including the
            way we compensate agents
    --  Adverse outcomes from litigation or administrative proceedings
    --  Events or actions, including unauthorized intentional circumvention of
        controls, that reduce the company's future ability to maintain effective
        internal control over financial reporting under the Sarbanes-Oxley Act
        of 2002
    --  Unforeseen departure of certain executive officers or other key
        employees due to retirement, health or other causes that could interrupt
        progress toward important strategic goals or diminish the effectiveness
        of certain longstanding relationships with insurance agents and others
    --  Events, such as an epidemic, natural catastrophe or terrorism, that
        could hamper our ability to assemble our workforce at our headquarters
        location

Further, the company's insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.

http://photos.prnewswire.com/prnvar/20110824/CL57087LOGO

Logo - http://photos.prnewswire.com/prnh/20110824/CL57087LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-cincinnati-insurance-company-launches-executive-capstone-for-high-net-worth-markets-300139807.html

SOURCE Cincinnati Financial Corporation