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.
CNA Long Term Care
Most frustrating experience dealing with this company. Extremely, difficult to get CNA to approve qualified payments.
LTC Claim Denied
My mother is in an assisted living facility and is receiving care from the aides at the facility. The director faxed the aide documentation forms to CNA as proof of care. CNA had denied the claim, stating that there is no proof that the care is being provided by the assisted living facility. CNA insists her care is being provided by a private individual. Everything that I\'ve read in these posting has been my experience as well. I call and get a different agent each time. The person you wish to speak with is conveniently not available and when you leave a voice message, they never get back to you. \"We need that additional form\'\' \"We didn\'t get that form.\" \"We\'ll review the claim and have a decision in 7-10 days\" I finally sent all documentation by registered mail several days ago and am awaiting their reply.
I have been calling CNA for the last few months trying to get information on our coverage and to get our claims paid. I feel as though the company places road blocks in the claims process on purpose all to make it difficult to get them to pay a claim.
I've spent years paying my premiums without an objections, but now that I'm trying to get some money from the company by filing a legitimate claim, they have done everything possible to fight me every step of the way and ended up flat out denying me. What did I pay all of that money for?
Every Rep Gives Me Different Answers
My parents paid CNA thousands in premiums over the years. My mother is now in assisted living with Alzheimers. As of month number 3, no claim has been paid. Their company initially keeps a list of additional items they say they "need", but only ask for 1 at a time... usually every 2 weeks as an excuse to delay paying. Because CNA records their phone calls for quality assurance there is no expectation of privacy on the line. Therefore, I also recorded my conversations with them on the phone. I have recorded conversations with claims reps within a hour of each other, in which the reps provide me with completely opposite information of what's needed to process the claim. I repeatedly send them what they need and they say either they don't have it or need something new. Whenever they ask for a new item, I demand to know why they haven't requested before that date. Their usual response is that they don't know why the previous CNA rep gave me wrong information. I spoke to 3 separate CNA reps...IN A ROW!. The first rep told me 2 items were missing from my mom's facility, the second rep told me they had all the forms and the claim would be processed in 7-10 days, the third rep told me they had all the forms, but needed "additional information" about medicaid that they forgot to ask for and that the claim wasn't being processed. All these conversations are recorded, along with the names of the reps that I spoke to. Every time I ask to speak to the same rep as before, they say they are unavailable. When I told them I received different information from the previous rep, they say it was bad info, but too bad. The last rep told me they even though it was their mistake not obtaining the medicaid information, the clock started over again for me and would be anywhere from 10-30 days to process. These are initial stall tactics to keep your money and deny claims. CNA's policy to its workers are to deny and keep the confusion level high in order to get people to give up. There is no other reason why 3 employees would all have separate information except for the fact that they are told to make it up.
Avoiding Payments of Claims
Both my parents have CNA for LTC insurance. They have dutifully paid month after month for DECADES. Now that they need care and are FULLY qualified, CNA has set up a series of hurtles and obstacles ALL INTENDED to avoid payment of claims. The customer "care" staff tries to at least be pleasant, but there is absolutely no doubt the company tries as long as possible to hold onto your money without issuing claims checks. They should NEVER be used for this or any "coverage". They could not be worse!
Very Low To Pay
My partner paid in over 25 years for her long term care policy. They have tried every trick in the book not to pay. I wrote a scathing letter and faxed it in and they actually called me to discuss. They are VERY slow to pay. Faxing paperwork to them, they conveniently couldn't read anything faxed. Now mailing everything. The rules are ridiculous.
You will never get reimbursed. CNA is intimidating, calculating, disorganized, and deceitful! They are in the business of denying claims.
You will never ever collect. They do everything possible to prolong process. They continually ask for more documentation and then never receiving what is faxed.
Poor Claims Process Practices
After paying premiums for Long Term Care Insurance for years, CNA has done everything they can to make it impossible to collect on valid claims for my elderly mother's care. Even when we asked, they never provided us with a list of all the documentations necessary at the outset. They seemed to add requirements as the claim process progressed. You can never speak to the same agent twice. If you ask to speak to a particular person, they are "unavailable" or " out of the office until Monday."