Cincinnati Financial Corp. shares rose 3.4 percent Monday after the firm said it expects a 16 percent increase in second-quarter premium revenue.
The Fairfield-based underwriter of property and casualty insurance won't announce end-of-quarter results until July 29, and its preview Monday was based on preliminary information. It attributed its expected profit tally to underwriting programs and rate actions that have "been under way for some time."
Cincinnati Financial said its commercial and personal lines of insurance are generating more premiums.
Shares in Cincinnati Financial closed at $38.70, up $1.28.
Convergys named tops in the world
Cincinnati's Convergys Corp. was named top global provider of inbound teleservices by Customer Interaction Solutions, a trade publication, for the third consecutive year.
The report is based on number of minutes each teleservices agency was billed for telephone service for the 12 months ended last October.
Patent suit over toy gun dismissed
A federal judge has thrown out a patent infringement case against toy maker Ohio Art Co. of Bryan over the design of its water gun.
Judge Joseph Irenas of U.S. District Court in Camden, N.J., ruled Larami Ltd., a subsidiary of Hasbro Inc., had not shown it was likely to win and denied a preliminary injunction.
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