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.
Terrible Long Term Care
CNA will waive the premium if you go into a facility but, if you want 24/7 care at home, they will not waive the premium. Customer service is just terrible. If you don't submit just the right stuff, they will ignore your request and never tell you. You have to call and find out why your request was not handled. They will do everything possible to deny or slow down your legitimate claim payment. After receiving benefits for awhile, on the due date for the next payment, they sent me written demand for all new plan of operation documents prepared by the family physician.
My wife was hit by a scoreboard at a local junior high school. CNA has refused to reimburse us for anything, including the ambulance and emergency room visit. We have spent over $2,500 and have no recourse.
SLOW LTC Coverage
Although I have eventually received reimbursement on my LTC claims, the process for getting the reimbursement is a NIGHTMARE! The paperwork was submitted, but CNA "doesn't have it". They do absolutely everything they can to either not pay or delay payment on legitimate claims.
Poor Customer Service
Their representatives fail to evaluate claims in a timely manner, stall in every imaginable manner, and waste your time.
won't Pay For Long Term Care
When it comes time to collect for any long term home care, they will not reimburse my family after 3 months of phone calls. They ask for more paperwork, more cancelled checks, and say the person that you have called is not in... CNA takes your money and does not pay when it comes time.
Dragging Their Feet
The landscaper drove the lawn mower into gravel and sprayed the car with rocks. There were broken window and paint chips. The landscaping company owned up to damage. Easy, right? Absolutely wrong. They are dragging their feet, denying coverage, conducting investigation, and asking my elderly mother to clean up broken glass herself. 10 days later there's been no action.
Dropped My LT Healthcare For Missing 1 Payment
In June I received a letter indicating that I had not paid my quarterly payment in March for LT healthcare. I had paid over 7k into the plan already. A long ugly process of reinstatement ensued whereby I was interviewed, made to fill out long amounts of paperwork, and my doctor sent all of my medical records. THEY DENIED reinstating me and now won't disclose why unless I send in a request in writing.
They stall paying benefits. They have spent 3 months determining whether my father is eligible for home health care benefits under a long term care policy. They have asked for everything, but the kitchen sink and cant figure it out. They will gladly take your premium but will not pay benefits.
Worst Long Term Care
I just got another letter threatening to drop my fathers assisted living claim. Another unsigned threat from CNA. They are the worst insurance company I have ever dealt with and I have been a health care provider for 25 years.
Long Term Insurance
They utilize the he-said-she-said technique and the bait and switch ploy to side track claims and justify denials. It's a very poor way to do business.