Cincinnati Financial Corp. (CINF) announced that the Cincinnati Insurance Companies' property casualty group expects its fourth-quarter results to include pre-tax catastrophe losses of approximately $25 million to $35 million from Superstorm Sandy, with its commercial lines insurance segment accounting for approximately two-thirds of that total.
Approximately 60 percent of the group's claims from Sandy occurred in the Cleveland, Ohio area and another 20 percent occurred in the state of Pennsylvania. Most of the claims stemmed from wind damage or from water damage due to drain back-ups, hydrostatic pressure or roofs that leaked after unusually heavy rain.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.