Cincinnati Insurance Co. News

Former Georgia Insurance Commissioner’s Sentenced Reduced, Due to Guidelines

A federal judge has trimmed nine months off former Georgia Insurance Commissioner Jim Beck’s prison sentence for embezzlement, not because of his good behavior in jail, but because he has no prior criminal history. “Both Defendant and the Government agree …

Missouri Judge Rules in Favor of Insurer in COVID-19 Business-Interruption Claim

A Kansas City jury decided in favor of the insurer in the nation’s first jury trail of a lawsuit that sought coverage for business-interruption losses caused by the coronavirus. The jury for the U.S. District Court for Western Missouri on …

Judge Clears Kansas City COVID Business Interruption Claim for Trial

A federal judge in Kansas City has cleared a restaurant group’s COVID-related business interruption claim for jury trial, finding that an 8th Circuit Court decision that found no coverage was owed in a separate case does not apply to a …

Virus’ Presence a Reason for Case Against Ohio Insurer to Proceed: Judge

A gym and fitness center in Pennsylvania won a minor victory on July 13 in a dispute with an Ohio-based commercial property insurer over business interruption coverage claims stemming from closures caused by the COVID-19 pandemic. Judge Terrance R. Nealon …

Texas Grid Operator to Argue It Is Immune from Winter Storm Lawsuits

The Electric Reliability Council of Texas will argue that it has governmental immunity that protects it from the at least 35 lawsuits that have been filed against the operator after February’s disastrous winter storm which killed dozens of people and …

Texas Insurance Agency Released from Suit by Restaurant Group Over Virus Losses

A federal judge in Texas has dismissed an independent insurance agency from a lawsuit brought by a Dallas restaurant group seeking reimbursement for business income losses stemming from the civil authority enforced shuttering of businesses in an attempt to stop …

Judge Allows Businesses’ Lawsuits Against Insurer Over Coronavirus Losses

A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a “direct physical loss” to their premises. …

5th Circuit: No Assertion that Drunken Driving Equals Intention to Crash

If a drunken motorist collides with another vehicle, can the incident truly be called an accident? A federal judge in Texas said “no” and dismissed a plaintiff’s lawsuit seeking punitive damages from Cincinnati Insurance Co. The U.S. 5th Circuit Court …

Cincinnati Insurance to Open Facility at U. of Cincinnati’s Innovation Hub

Cincinnati Financial Corp.’s property casualty subsidiary, Cincinnati Insurance Co., will open an innovation center within the University of Cincinnati’s 1819 Innovation Hub in early 2019, the company said. UC is one of 115 institutions that are classified as “R1: Doctoral …

Insurer: Not liable for Claims of Embezzlement in New Mexico Matter

Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, …