S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Cincinnati Financial Announces Leadership Transition in Claims Division

After nearly four decades with Cincinnati Financial Corporation, Chief Claims Officer Marc J. Schambow will retire in January 2027. The company is positioning industry veteran Todd V. McMillan to oversee its headquarters and field claims teams, while Chief Legal Officer Thomas C. Hogan assumes executive oversight of overall claims operations.

Cincinnati Financial Announces Leadership Transition in Claims Division
Photo: Bio & News

Schambow has led the company's claims division since 2020, guiding the department through the complexities of the Covid-19 pandemic. His tenure, which began nearly 40 years ago as a field claims representative in Wisconsin, saw him rise through various leadership roles, including becoming the first claims manager for The Cincinnati Specialty Underwriters Insurance Company in 2007.

President and CEO Stephen M. Spray credited Schambow with enhancing service efficiencies through technology and maintaining high marks from policyholders. Incoming leader Todd V. McMillan joins the firm with nearly 30 years of experience, previously serving as head of liability claims for Safety National Casualty Corporation. To streamline coordination, the company is also tasking Chief Legal Officer Thomas C. Hogan with broader executive oversight, aiming to improve outcomes on litigated claims by aligning legal and claims operations under his direction.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!