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2010 Third-Quarter Letter to Shareholders
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Inside Cincinnati
Subsidiary directors made two mid-year officer elections that demonstrate our commitment to continually improving our processes relating to financial systems, risk management and internal controls. Anthony W. Dunn, CPCU, CPA, CIA, who leads our Internal Audit department, was promoted to vice president of The Cincinnati Insurance Company and its two standard market subsidiaries and The Cincinnati Life Insurance Company. Francis T. Obermeyer, CPA, PMP, CISA, was elected to assistant vice president of the same companies. He joined us from Deloitte & Touche LLP to fill the position of internal audit manager.
Since our last Letter to Shareholders, these associates merited promotions:
Learning & Development We encourage and reward associates to continue their professional insurance education, earning credentials by meeting high academic, ethical and length-of-experience standards. Congratulations to Mark Rutherford who completed a series of courses to earn the Chartered Property Casualty Underwriter (CPCU) designation. The Above and Beyond the Call (ABC) Award recognizes exemplary productivity, service and quality in exceptional associates. Congratulations to fourth-quarter 2010 ABC Award recipients Lisa Dysert, MCSA, senior network administrator, IT Portfolio Management & Architecture and Damen Proffitt, AIT, programmer analyst, IT Diamond. At the Queen City Club on October 26, Damen was named ABC of the Year. This honor is awarded annually to just one of the quarterly recipients. Damen works with associates, outside vendors and testers to manage multiple Diamond environments, keeping them stable while promoting builds, patching into environments and troubleshooting defects. Damen is key in making sure these processes run smoothly. Public Responsibility With the November 2010 elections now in the history books, your company will monitor the impact of the 37 gubernatorial and other statewide elections, which could result in up to two dozen new state insurance commissioners taking office by early next year. We look forward to working with the new commissioners as they carry on the important work of state insurance regulation. As federal regulators begin to consider various rules and regulations to implement the Dodd-Frank financial regulatory reform legislation, we will continue to remind them — and Congress — that state regulation of insurance works best since the business of insurance is uniquely local. State regulators are in the best position to protect policyholders and respond with regulations and insurance products appropriate to their specific needs, which vary by state because of diverse geographic, climatic and economic conditions.
This report contains forward-looking statements that involve potential risks and uncertainties. For factors that
could cause results to differ materially from those discussed, please see the most recent edition of our safe
harbor statement under the Private Securities Litigation Reform Act of 1995. To view or print the edition in
effect as of this report's initial publication date, please view this document as a printable PDF.
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