CNA Provides Big Opportunity for Small Business.Business Editors CHICAGO--(BUSINESS WIRE)--May 29, 2003 CNA (Certified NetWare Administrator) See Novell certification. is creating opportunities for agents in Small Business with its people, services, technology, broad appetite, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. excellence, comprehensive products and programs, and targeted classes for profitable growth. Agents are now able to meet the insurance needs of their small business clients by taking full advantage of CNA's products and services that are focused on "Main Street" businesses. "CNA agents are the backbone of our small business unit," said Cheryl DeMong, assistant vice president of Marketing, CNA Small Business. "This year, we are making big investments to equip our partner agents with the necessary tools and products that will enable them to easily provide small business owners with security and reassurance REASSURANCE. When an insurer is desirous of lessening his liability, he may procure some other insurer to insure him from loss, for the insurance he has made this is called reassurance. to take the risks they need to profitably grow their business." Recognizing the unique issues of small businesses, CNA has significantly increased its investment in this segment. In addition to creating a small business unit to support new coverages, programs and products, the insurer has doubled its field sales force with underwriting authority, putting underwriters in the agency offices. CNA Central, the transaction-based web site that enables agents to quote and issue the full portfolio of Small Business offerings online, makes it easier than ever for agents to do business with CNA. The web site also features real time chat through which agents may converse (logic) converse - The truth of a proposition of the form A => B and its converse B => A are shown in the following truth table: A B | A => B B => A ------+---------------- f f | t t f t | t f t f | f t t t | t t with an underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. online while quoting policies. And, CNA offers centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. technology support for agents with its 1-800-CNA-HELP line. The Small Business Program unit of CNA develops and supports partnerships with agents in profitable program segments. It provides in-depth knowledge of program insurance needs, along with the underwriting, sales, marketing and service capabilities that it takes to fulfill them. A part of the big opportunity created for agents is the CNA Sales & Service Center that services small business accounts on behalf of agents. The Sales & Service Center provides a high level of service and the help to control the rising costs of servicing small business by saving agencies expense dollars, as well as paying agents Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. two percent on new Sales & Service Center business, and re-focusing staff resources on what agents do best - building strong relationships and growing business opportunities. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners. CNA provides agents with a comprehensive menu of products, including: Comprehensive Property & Casualty --------------------------------- The CNA Business Account Package Policy Commercial Automobile Workers' Compensation Commercial Umbrella Directors and Officers Errors and Omissions Liability Employment Practices Liability Commercial Crime Fiduciary Liability Innovative Group Benefits ------------------------- Group Benefits for Small Business Flexible Protection Plan Benefit Value Indemnity for Small Business Group Life Group Disability Group Accident Group Long-Term Care Ability Assist(R) Beneficiary Assist CNA is the country's fourth largest commercial insurance writer, the 11th largest property and casualty company and the 51st largest life insurance company. CNA insurance products include standard commercial lines, specialty lines, surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act. surety n. , 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. 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. |
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