PCI Expands Membership with Addition of The Cincinnati Insurance Companies

CHICAGO –The Property Casualty Insurers Association of America (PCI) has welcomed a new member, The Cincinnati Insurance Companies property casualty group.

The Cincinnati Insurance Companies are operating companies of publicly-traded Cincinnati Financial Corporation. The group provides a full array of personal and commercial coverages marketed exclusively through independent insurance agencies in 36 states. The group ranks among the 25 largest U.S. property/casualty insurers based on net premiums written.

“PCI’s ability to be a strong advocate for the insurance industry, its thought leadership, and national footprint in every state were important factors in our decision to join this association,” said Kenneth W. Stecher, president and chief executive officer of The Cincinnati Insurance Companies.  “We expect to enhance our responsiveness to regional and local conditions affecting our policyholders and agents by working with the knowledgeable insurance professionals at PCI and accessing the wealth of information they make available.”

“The Cincinnati Insurance Companies group is well-respected throughout the industry and is a welcomed addition to PCI’s membership,” said David Sampson, president and CEO of PCI.  “They have an experienced management team committed to their independent agent representatives who deliver quality financial protection to the people and businesses of their local communities.  Now more than ever, PCI is positioned to promote and protect the long-term health of a competitive private insurance market for the benefit of consumers and insurers on behalf of our members.”

PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association.  PCI members write over $176 billion in annual premium, 35.9 percent of the nation’s property casualty insurance.  Member companies write 43.8 percent of the U.S. automobile insurance market, 29.6 percent of the homeowners market, 32.8 percent of the commercial property and liability market, and 38.4 percent of the private workers compensation market.