CNA Makes Cargo Insurance More Accessible to Freight Forwarders.Business Editors CHICAGO--(BUSINESS WIRE)--July 11, 2003 CNA (Certified NetWare Administrator) See Novell certification. insurance companies has integrated the OMMni.com cargo system The cargo system (also known as the civil-religious hierarchy, fiesta or mayordomía system) is a collection of secular and religious positions held by men or households in rural indigenous communities throughout central and southern Mexico and Central America. of its marine operations with Fountainhead foun·tain·head n. 1. A spring that is the source or head of a stream. 2. A chief and copious source; an originator: "the intellectual fountainhead of the black conservatives" International LLC's CargoWise(R) software solution to provide an integrated cargo insurance solution for freight forwarders An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. and logistics providers. The CargoWise(R) software solution addresses all major aspects of a forwarder's operation - quoting, booking, routing, document generation, invoicing, vendor auditing, tracking and cargo insurance. The integration of CNA's OMMni.com online cargo application system with CargoWise(R) allows forwarders to provide marine insurance quotes for ocean, air and inland shipping, generate insurance certificates, and handle insurance declarations for their customers seamlessly. A leading provider of ocean marine insurance in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe, CNA offers underwriting flexibility, a broad geographical reach, and more than 130 years of marine insurance expertise. CNA serves more than 5,000 users through OMMni.com, its Web-based ocean cargo insurance application. "This venture is a win-win for all involved. The CargoWise(R) software solution is intended to simplify the cargo insurance process for freight forwarders by providing seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with the CNA cargo policy," said Nigel Jenkins Nigel Jenkins (born 1949) is one of Wales's foremost poets. Jenkins is also an editor, journalist, broadcaster and writer of creative non-fiction. He is currently a lecturer on Swansea University's Creative and Media Writing Programme. , global marine manager at CNA. "This not only can save time for the freight forwarder, but can bring more accurate insurance documentation and reduce the likelihood of having to re-work or duplicate any effort, and can result in improvement of service for the policyholder." Satisfied policyholder and CargoWise user, Heidi Maschmann of ELITeXPO Cargo Systems, Inc. comments on the increased benefits of this venture for her business: "We have utilized CargoWise(R) for years to address our transportation software needs. CNA has been an exceptional insurance partner for our variety of commodities and exhibit goods. We continue to improve service and efficiency through our systems. Integration of CNA insurance within our CargoWise(R) enterprise system allows us to efficiently offer and provide insurance to our customers." For more information or to access OMMni.com, contact your local CNA Agent, CNA branch or visit www.OMMni.com CNA is the fourth largest commercial insurance writer, the 11th largest property and casualty company, and the 51st largest life insurance company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CNA's insurance products include standard commercial lines, specialty lines, surety, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , marine and other property and casualty coverages; life and accident insurance; group long term care, disability and life insurance; and pension products. CNA services include risk management, information services See Information Systems. , underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. FORWARD-LOOKING STATEMENT forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements contained in this press release, which are not historical facts, are forward-looking statements. When included in this press release, the words "believes," "expects," "intends," "anticipates," "estimates," and analogous expressions are intended to identify forward-looking statements. Forward-looking statements include expected developments in the insurance business of CNA (the "Company"), including losses for asbestos, environmental pollution and mass tort A mass tort is a civil action involving numerous plaintiffs against one or a few corporate defendants in state or federal court. As the name implies a mass tort includes many plaintiffs and law firms have used the mass media to reach possible plaintiffs. claims; the Company's expectations concerning its revenues, earnings, expenses and investment activities; expected cost savings and other results from the Company's restructuring activities; and the Company's proposed actions in response to trends in its business. Such statements, and the financial condition and results of operations of the Company and the price of the Company's common stock, are subject to a variety of inherent risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from those projected. Such risks and uncertainties include, among others: general economic and business conditions, including inflationary pressures on medical care costs, construction costs and other economic sectors that increase the severity of claims; changes in financial markets such as fluctuations in interest rates, long-term periods of low interest rates, credit conditions and currency, commodity and stock prices; the effects of corporate bankruptcies, such as Enron and WorldCom, on surety bond surety bond An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced. claims, as well as on capital markets and on the markets for directors & officers and errors & omissions coverages; changes in foreign or domestic political, social and economic conditions; regulatory initiatives and compliance with governmental regulations; judicial decisions and rulings, including interpretation of policy provisions, decisions regarding coverage and theories of liability, trends in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and the outcome of any litigation involving the Company; changes in tax laws and regulations; regulatory limitations and restrictions upon the Company and its insurance subsidiaries; the impact of competitive products, policies and pricing and the competitive environment in which the Company operates, including changes in the Company's books of business; product and policy availability and demand and market responses, including the level of ability to obtain rate increases and decline or non-renew underpriced un·der·price tr.v. un·der·priced, un·der·pric·ing, un·der·pric·es 1. To price lower than the real, normal, or appropriate value. 2. accounts, to achieve premium targets and profitability and to realize growth and retention estimates; development of claims and the impact on loss reserves, including changes in claim settlement practices; the effectiveness of current initiatives by claims management to reduce loss and expense ratio through more efficacious ef·fi·ca·cious adj. Producing or capable of producing a desired effect. See Synonyms at effective. [From Latin effic claims handling techniques; the performance of reinsurance companies under reinsurance contracts with the Company; results of financing efforts, including the availability of bank credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities ; changes in the Company's composition of operating segments; weather and other natural physical events, including the severity and frequency of storms, hail, snowfall and other winter conditions, as well as of natural disasters such as hurricanes and earthquakes; man-made disasters man-made disaster Technological disaster Public health An event in which a significant number of people are injured or die as a result of human devices or activities, unrelated to conflicts, and attributed to operator error–eg, Exxon Valdez , including the possible occurrence of terrorist attacks and the effect of the absence of applicable terrorism legislation on coverages; the occurrence of epidemics; exposure to liabilities due to claims made by insureds and others relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc asbestos remediation and health-based asbestos impairments, and exposure to liabilities for environmental pollution and other mass tort claims; a national privately financed trust to replace litigation of asbestos claims with payments to claimants from the trust is not established or is not approved through federal legislation, or, if established and approved, contains funding requirements in excess of the Company's established loss reserves or carried loss reserves; the sufficiency of the Company's loss reserves and the possibility of future increases in reserves; the level of success in integrating acquired businesses and operations, and in consolidating existing ones; the possibility of changes in the Company's ratings by ratings agencies and changes in rating agency policies and practices; the actual closing of contemplated transactions and agreements; and various other matters and risks (many of which are beyond the Company's control) detailed in the Company's Securities and Exchange Commission filings. These forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained in this press release to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. |
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