CINCINNATI, Nov. 20 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that Jackson H. Randolph has retired from the board of directors effective November 17. James E. Benoski, vice chairman and chief insurance officer of The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company, has been appointed to complete Randolph's three-year term ending in 2003.
Randolph has been a director since 1986. He has served as chairman of the audit committee and as a member of the investment and nominating committees. Randolph is chairman of CINergy Corp. and serves on the boards of PNC Financial Corp. and The Union Light, Heat & Power Company.
Benoski joined the headquarters staff in Cincinnati in 1973 after serving in the Company's field claims operations in Alabama. He was promoted to vice president in 1983 and to senior vice president and manager of the headquarters claims department in 1996.
Chairman and Chief Executive Officer John J. Schiff, Jr., CPCU, commented, "Our thanks go out to Jackson for the talent he has admirably brought to the Board and to the Company over the years.
"We welcome Jim to the Board. His ability to provide the claims and customer service perspective will add value for our shareholders and policyholders. Every claim represents an opportunity for the local independent agent, together with our claims representative, to make a customer for life."
Fourteen directors currently serve on the Cincinnati Financial Board, including seven independent insurance agents.
Cincinnati Financial Corporation offers property and casualty insurance, our main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life, long term care, health and accident insurance. CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through commercial leasing and financing activities. CinFin Capital Management provides asset management services to institutions, corporations and individuals. For additional information, please visit the company Web site www.cinfin.com . SOURCE Cincinnati Financial Corporation
CONTACT: Kenneth W. Stecher, Senior Vice President, Secretary & Treasurer of Cincinnati Financial Corporation, 513-603-5236/