CNA Insurance made its beginning a 100 years ago in the business of insurance. It has developed a great deal over the years, but all the way it has been able to maintain its long and proud tradition. The history of the company is a history of rich heritage, of service growth and financial health. Over all the years we have been able to maintain a strong relationship with different business partners and customers. Today the company is the 7th largest insurer of the United States, providing protection to more than a million business houses and professionals. The company has its headquarters in Chicago and many other offices all over the United States. There are many employees of the company, who are exerts in their own fields, and are able to provide a wide range of services, in order to minimize losses and make settlement claims very quickly. We have a key measure of success, and have high value products and services that are provided to all our customers.
Most of the decisions that are taken by us are a result of core values, and which consists of a brilliant combination of diversity, customer focus and team work. The staff is highly committed to all these values, thus enabling themselves to support good relationships with customers and distributors that help to retain a good customer base. The organization has a good financial rating that is provided by many rating agencies. In the year 2005 there was annual revenue if $ 10 billion, and in the financial year ended 2005, the assets exceeded an amount of $ 58 billion. There has been maintenance of strong balance sheet, with the help of an excellent investment philosophy along with a disciplined evaluation of assets and liabilities.
Today the organization has become one of the trusted names in the industry and has been meeting most of the obligations without any kind of hesitation, by making an offering of new products as business risk change.
CNA Insurance Solutions
We have more than 100 years of experience and are able to make use of this experience, to understand the unique needs of all the customers. We can make excellent partnerships with our agents, by making risk control and claim professionals, so as to have a proper understanding of the risk involved. We have agents spread all over the nation, providing insurance coverage and financial strength of an industry leader. We can make it easy for you to manage the different business risks and make control over all your assets.
CNA Long-Term Care Insurance
We are considered to be a leader in the Long Term care insurance marketplace, providing coverage to all our customers for over 30 years of service. There are a large number of long term care products provided to the employees, in order to make long term protection at group rates. There are several plans and designs that are totally based, on the customer needs.A study has been conducted, to understand the customer needs, so as to make the people make their own investment claims and care decisions, at the same time keeping the premiums at affordable rates.
More About CNA Insurance
We have been in the business since many years, but in the recent times we have entered into the business of property and casualty insurance. We have a long history of leadership but in all the years we have witnessed major setbacks also. We had suffered heavily in 1990, due to the pricing policy, and later diversified in other core areas. There was a leadership change in the year 2002, and were back into insurance excellence, that included the following features.
Our main focus has always been the life, health and reinsurance business. In the recent times the focus has been on commercial property and casualty insurance.
We have been able to strengthen most of our controls on the issues of pricing and selection of risks. We have a strong group of excellent underwriters, who help in the process of decision-making.
Balance Sheet Strengthening.
We have acted upon a comprehensive assessment of different revenue reserves. The company has also been able to add a new rigor to the process of revenue reserves.
New Leadership and Technical Talent.
We have a bunch of talented leaders and team with great technical talent. Experienced and skilled professionals run our organization.
There are many multiple, non-compatible systems that help in the tracking the performance of a business. The system is a centralized one and provides business metrics to the agency level.
We have been able to introduce many aggressive, multi step expense reduction plans, so that we have a generated savings of $250 million and more.
We have been rated as A, by A.M. Best and has been provided on the basis of financial strength. These ratings prove that we deal with many legacy reserve issues, and back up its balance sheet, with an excellent capital plan.
Solid Financial Condition.
We have strong financial position, with a low debt equity ratio. Our investment portfolio is also conservative.
CNA Insurance Going Forward
Today the company is in the best of financial position and strength. It has diversified itself in great heights, in order to meet the growing needs and demands of the customers, all across the United States. It has a very strong foundation base, and most of the leadership is based and focused on certain qualities of discipline, professional claim handling and other features. It has been more than 100 years since we are in the business, but our focus has always been the same. We are highly committed to all our customers, distributors as well as business partner. Our aim has always been to move forward and make excellent track records of success.
never use these people!
this company is out of compliance processing claims on a regular basis. Jim, elizabeth, gail and others in the claims dept. just don't care and even laughed at me. No one ever gets fired, and they fave total immunity on how they do their jobs. Once they waited 10 days to mail my check, because I complained. My checks are late about once a month, out of the contractural compliance with my employer. so do yourself and your employees a favor, go somewhere else. and they still don't have direct deposit..really?
Just read these reviews
All you need is to read the following reviews. Every complaint is just. This company is cold,calculated, and incredibly crooked. I am in the process of hiring an attorney for my poor deceased Mother who worked so hard to pay for this insurance so as to lessen the burden on her children. I could never have imagined an insurance company being so corrupt. You are better off saving the money yourself. Wish me luck.
No Payments, Just the Runaround
My mother paid for years and was so proud to have LTC insurance. I have stacks of the letters I have received from this terrible company, notes on the repeated calls. Mom has passed from Pulmonary Fibrosis, still not one payment, just same run around as has been mentioned. I am in shock this company is allowed to exist! I wish I could have given a negative rating.
Poor Customer Service
My father has had long term care through CNA for many years and now that he needs it there is a problem getting his money ( that he paid into for a very long time) every month they take 25+days to actually approve the payment. Their way of handling Senior Citizens is despicable and the attitudes on their customer service department leaves a lot to be desired. If I had to ever choose a long term company for insurance it would not be them. They are a horrific company and seriously I don\'t understand how they get away with the shenanigans they do.
Best Company to Deny a Claim
This company was very creative in finding a way to decline my claim. I paid premiums for 15 years to this company and when I finally filed a claim the CNA adjustor kept telling me he needed more information which I supplied. The adjustor then came up with two of the lamest excuses to deny the claim. His interpretation of the policy was so ridiculous at first I thought he was making a bad joke. When I realized he was serious I was very upset. The adjustors only response was he was sorry but the claim was denied. He told me if I didn't like the decision if I wanted to file a complaint with the state insurance department to do what I felt I needed to do. When I checked with the insurance department they informed me they only handle consumer complaints and my only alternative was to hire an attorney to sue. I spoke to a couple of attorneys and their retainers where as much or more than the claim. I don't have the money to sue. CNA wins because I can't afford to fight them.
Nightmare Work Comp
I sustained injuries at work and have had nothing but problems dealing with CNA. They have prolonged the process, lied about not receiving records, refused to pay, ignored doctor's request for approval of surgery, they do not answer phone calls or return emails and make your injuries seem as if they are your fault when it is clear and has been proven that they are not. I am off of work due to my injuries and they refuse to pay my work comp benefits by keeping my claim disputed regardless of the proof that my claim was, in fact, due to work related injuries. As soon as you find out that your employer has CNA for their work comp coverage insurer, lawyer up and request that emergency hearing be requested at the first sign that CNA is disputing, denying or prolonging your claim. What a nightmare. They do not care about the welfare of the injured.
I am now the third family member trying to resolve payment issues with CNA. My elderly father is seeking $10K overdue payments. I echo all of the problems outlined in these complaints. The consistency of CNA's abuse of the elderly is shameful. They stall, deny coverage when all paperwork has been completed and submitted, you will never talk to the same person twice. Try going up the chain of command - don't bother, same thing but worse. It is truly amazing that this company can get away taking advantage of our seniors at a time in their life when they are dealing with all kinds of difficult medical issues. I don't know how they can sleep at night.
Lack of CNA Paymanet
I have paid into CNA healthcare for decades and send in the required documentation for payment of weekly home care. To date I have not received one dime from CNA. I am 91 years old, blind and broke my hip last May. I have appealed to insurance agencies in California and Minnesota to no avail. I am interested in joining a class action suit to get paid what they owe me and punish them for first party bad faith actions
A CNA rep told me that they would settle my claim. For two years, they paid around $50,000. After that they kept making excuses not to pay me. They had me followed and took pictures of me doing repairs on my house; they claimed fraud so they could keep from paying me.
Horrible LTC Claim Handling
My 91-year-old mother has had a CNA LTC policy since 1989 and has continued to pay high premiums from her small retirement income despite premium increases, all so she could protect her independence as she aged. She now needs a limited amount of in-home care (we\'re down to an hour a day to try to make do)to supplement help from family. Her medical conditions clearly trigger the policy and the care is covered. After 5 months of filing claims and supplying repeated copies of the requested paperwork, CNA is still stalling and now again requesting paperwork I have actually reviewed with them over the phone in past months, so I know it is in their file. They seem to be waiting for her to die in the hope that the claim will die with her. I\'m an elder law attorney and have helped clients with LTC claims with multiple insurers in the past. Never have I encountered such poor claims handling and such an egregious display of bad faith toward an elderly insured. We will not give up, but my mom would have done so by now without an advocate. I echo the experiences of many expressed in the ratings on this site. CNA\'s behavior is shameful.