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.
This company quotes a premium and then tries to change it months after you cancel due to dissatisfaction. They also don't cancel your policy when you request it. Instead they try to hang on to you and blame their agent for it not being canceled.
After Market Parts
My car was hit by one of their account holder from the back. We have police report and the guy admit that he didn't see our car. We filed the claim and CNA said that they will take responsibility for the liability. They sent an adjuster to appraisal the damage, but the adjuster and the insurance company only agree to pay with after market parts. My car's part are original. When we called CNA again, they said that they rejected the claim because we didn't agree to get the after market parts.
It took me 6 years for them to approve his back surgery.
I Love This Company
No complaints at all! My payments are sent in a reasonable time, friendly representatives and the coverage is unbelievable.
Payments are Slow and Difficult
I am a nurse waiting on payments for the home-care of a customer of theirs. They don't want to pay and only pay a fraction of what they will pay an institution. Their customer is getting 24/7 personal care, better than an institution and could not hire me if she didn't have a little retirement income.
Poor Customer Service
My employer had CNA and I was injured. They never answer their phones. They don't return calls. I have been given the run around several times and told different things by different reps. Then when I called a supervisor, he treated me like I was stupid and I was bothering his people after they had explained things to me several times.
Delay, deny, don't buy...
Been dealing with CNA for the last 4 years. Anything they can do to deny or delay a claim (or "review" with a delay in payment) they will. Elderly policy owners need to have a patient & consistent advocate to help them through the horrible CNA experience. Save your money & invest it instead of letting some company like CNA keep it!
No Problems with Claims
My husband was in a LTC facility and every month like clockwork he received a check for the full amount of the policy benefit. There is a 90 day waiting period which started the first day I called, not when he was later admitted to LTC. So the waiting period was over before we even needed to make a claim. I found them to be helpful, kind, and willing to do whatever it took to get things done.
Poor Workmans Comp
6.5 years after a workplace accident, I lost a leg due to the injuries that I'd suffered. They are dragging out the settlement along. They act as though the accident was your fault. It was not.
Poor Long Term Care Coverage
When my parents tried to collect on policies that they had paid into for many years, they were given the complete run around with agents saying "one more review". They were making them wait 10 - 14 days each time and never payed out any monies when it was needed.