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CNA Pro Enhances Its Fiduciary Liability Solutions Policy.


CHICAGO -- The Open Brokerage unit of CNA (Certified NetWare Administrator) See Novell certification.  announces a coverage enhancement targeted to meet the fiduciary insurance needs of the marketplace. The state-of-the-art Fiduciary Liability Solutions policy form provides insurance on a standalone basis and includes some of the most current coverages available in the marketplace.

The new Fiduciary Liability Solutions form has been developed in response to recent scrutiny on the Pension Benefit Guaranty Corporation Pension Benefit Guaranty Corporation (PBGC)

A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation).


Pension Benefit Guaranty Corporation 
 and the prevalence of tag-along securities and ERISA See Employee Retirement Income Security Act.

ERISA

See Employee Retirement Income Security Act (ERISA).
 claims in conjunction with directors and officers coverage. Highlights of this new form include improved terms; expanded definitions; and a reduction in the exclusions.

This is the latest enhancement in the evolution of Open Brokerage's product suite. Prior efforts have included Side A coverage, Management Liability Solutions (an enhanced D&O form), and EPL 1. EPL - Early PL/I.
2. EPL - Experimental Programming Language.
3. EPL - Eden Programming Language. U Washington. Based on Concurrent Euclid and used with the Eden distributed OS. Influenced Emerald and Distributed Smalltalk.
 Solutions. Further announcements are scheduled to highlight Management Liability/EPL for Law Firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, as well as Management Liability for Private Equity Firms, Hedge Funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , and Real Estate Investment Trusts.

For additional information, call your local agent or visit the website at http://www.cnapro.com/html/Our_Products/OurProducts_Fiduciary.html.

CNA is the country's seventh largest commercial insurance writer and the 14th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services See Information Systems. , underwriting, risk control and claims administration. CNA is a registered service mark, trade name and domain 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.

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.
 AND DISCLAIMER

This press release includes statements which relate to anticipated future events (forward-looking statements) rather than actual or historical events. You can identify forward-looking statements because generally they include words such as "believes", "expects", "intends", "anticipates", "estimates", and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA's filings with the Securities and Exchange Commission, available at www.cna.com.

Any forward-looking statements made in this press release are made by CNA as of the date of this press release. CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA's expectations or any related events, conditions or circumstances change.

Any descriptions of coverage under CNA policies or programs in this press release are provided for convenience only and are not to be relied upon with respect to questions of coverage, exclusions or limitations. With regard to all such matters, the terms and provisions of relevant insurance policies are primary and controlling. In addition, please note that all policies may not be available in all states.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 6, 2006
Words:463
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