CNA Establishes New Company To Offer Investigation Services.CHICAGO--(BUSINESS WIRE)--April 20, 1998--CNA (NYSE NYSE See: New York Stock Exchange :CNA (Certified NetWare Administrator) See Novell certification. ) has established a new company, Investigative Options, Inc., to provide insurance fraud investigation and prevention services to large, self-insured companies as well as other insurers and third-party claims administrators. The announcement was made today at the 1998 Insurance Fraud Management Conference in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . The company, based in Chicago, has a national network of more than 150 highly trained and experienced professional field investigators capable of providing a comprehensive range of investigative, consulting and training services designed to meet the needs of the individual customer. Those services include: -gathering and preservation of evidence -statements and interviews -public records and other background checks -testimony in civil and criminal cases -preparation of anti-fraud plans -ensuring compliance with state fraud regulations -training for employees -fraud awareness resource materials -toll-free hotline for anonymous reporting of suspicious claims "More and more companies are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. quality, cost-effective investigative resources to help them combat fraud as they attempt to manage their risk," said Jay S. Williams, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Investigative Options, Inc. "We offer one-stop shopping for all the help they need in protecting their bottom line from insurance fraud. "Our clients want to pay legitimate claims in an efficient manner. By helping them deter, detect and prosecute To follow through; to commence and continue an action or judicial proceeding to its ultimate conclusion. To proceed against a defendant by charging that person with a crime and bringing him or her to trial. fraud, we're helping them control the cost of doing business." The company offers its exclusive Checkmate checkmate end of game in chess: folk-etymology of Shah-mat, ‘the Shah is dead.’ [Br. Folklore: Espy, 217] See : End (TM) software which allows secure on-line tracking of the progress of individuals' cases, up-to-date customer reports, and time and expense tracking. The system also creates customized reports which allow customers to evaluate the effectiveness of their anti-fraud program. For insurers or third-party claims administrators who are looking to outsource their current investigative work, or need consulting or training assistance to complement their existing resources, Investigative Options is a logical solution. Investigative Options is currently licensed in 38 states and has licenses pending in 11 other states. CNA, headquartered in Chicago, is one of the world's premier insurance organizations. With 1997 revenues of $17 billion, CNA ranks among the top 10 U.S. insurance groups. CNA is the registered service mark and trade name of CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation. CONTACT: CNA Financial, Chicago Media Contact: Roger Morris, 312/822-4195 Clark Walter, 312/822-1454 Analysts: Deborah Kamp, 312/822-7752 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion