Cincinnati Financial Corporation said it estimates approximately $65 million in 2010 second quarter pre-tax catastrophe losses, accounting for an above-average 9 points toward the company's combined ratio.

The company, which provides personal and commercial coverages marketed through independent insurance agencies in 36 states, said second quarter storm losses have averaged 7.7 points over the last 10 years.

Kenneth Stecher, president and chief executive officer of Cincinnati Financial Corporation said second quarter storm losses are typically higher than full-year storm losses, which average 4.2 points toward the combined ratio.

For the second quarter, Mr. Stecher said there were a total of eight events that affected policyholders, with about half of the expected losses stemming from a storm in June that impacted northern Ohio.

"The other half was largely due to claims in Nashville, Tennessee for water-damaged business equipment and related business interruption," Mr. Stecher said.

Noting the variability in quarter-to-quarter catastrophe losses, the company said 2010 first quarter storm losses accounted for only 2.1 points of the combined ratio.