Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Disagreement: Cincinnati Financial Versus CalPERS

When the Sacramento, Calif.-based pension fund California Public Employees Retirement System listed Cincinnati Financial Corp. on its “Focus List” of companies with poorly run governance, executives were “caught blind,” according to Kenneth W. Stecher, the insurers chief financial officer.

The company, which traces its beginnings back to 1950, was started by agents and has always retained a strong relationship with independent agents, both executives in the company and observers outside of the company have said. Founder John J. Schiff Sr. is responsible for starting that relationship, and it seems only natural that the company would want to keep it going, they said.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.