Cincinnati, January 4, 2000-Cincinnati Financial Corporation
(Nasdaq: CINF)- The new year—and the new century—dawned
with no interruptions of service or coverage for Cincinnati Financial
Corporation’s family of insurance companies.
"In part because The Cincinnati Insurance Companies issue three-
and five-year policies, we had an early start on our Year 2000 project,
beginning efforts in 1994 and continuing through 1999," said John J.
Schiff Jr., CPCU, chairman and chief executive officer. "We are
pleased that our diligence resulted in a smooth transition for our Company and
our policyholders."
All of Cincinnati Financial Corporation’s computer systems were
Y2K compliant by mid-1999. As a precaution, key associates were on duty over the
New Year’s weekend to process normal business transactions and to resolve any
issues reported by the Company’s headquarters and field staff. "A few minor
issues were identified and quickly resolved," Schiff said. "The Company will
continue to closely monitor systems to ensure uninterrupted service to agents
and policyholders."
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, health and accident insurance. CFC
Investment Company supports the insurance subsidiaries and their independent
agent representatives through leasing and financing activities. CinFin Capital
Management provides investment management services to institutions, corporations
and individuals. For additional information, please visit our Web site at http://www.cinfin.com.