CNA forms new company: CNA Agriculture Technology & Services, Inc.CHICAGO--(BUSINESS WIRE)--Feb. 10, 1997--CNA Agriculture, a division of CNA (Certified NetWare Administrator) See Novell certification. , today announced the formation of a new company to support its farm and crop insurance programs. CNA Agriculture Technology & Services, Inc. will develop, acquire, and invest in leading-edge technology applications for crop and farm agents working with CNA. Lyle Lyle may refer to:
CNA Agriculture Technology & Services has already entered into a strategic alliance with Jayhill Computer Systems, Inc. of Fargo, North Dakota “Fargo” redirects here. For other uses, see Fargo (disambiguation). Fargo is a city in Cass County, North Dakota in the United States. It is the county seat of Cass County, located in the Red River Valley region. . This partnership develops complete packages of leading-edge software applications assisting crop agents. Agents receive help with policy management, quote preparation, and customer risk management. The first product to come out of this alliance is the Crop Risk Estimator. It is currently being distributed to licensed CNA crop agents across the country. The Crop Risk Estimator is a Windows-based graphical interface See GUI. quote system which enables an agent to generate complete cash flow projections A Cash Flow Projection is an attempt to forecast the cash flows that will be generated by an asset, often a company, over a specified time frame. Methodology Projections can be made with varying levels of detail, but any cash flow projection for a business entails for the farmer. This includes forecasted production costs, harvesting expenses, loss scenarios, crop insurance coverage and costs, and other overhead expenses. This capability allows the farmer to see the bottom line profitability impact of employing alternative risk management products. "The rapid advances in technology in all facets of agriculture will have a significant impact on the risk management products and services which are delivered to our farm customers. CNA Agriculture will utilize these technologies to improve the quality of service that agents can offer to their customers," Marschand said. In addition, CNA Agriculture Technology & Services is implementing an Internet-based agency quote system on a pilot basis, developed by Net Java, Inc. of Amarillo, Texas “Amarillo” redirects here. For other uses, see Amarillo (disambiguation). Amarillo is the 14th-largest city in the U.S. state of Texas and the seat of Potter County. . The Internet-based system allows the agents to receive immediate rate updates and changes in coverage parameters through a simple Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the connection to the Net Java, Inc. server. The system will be available to a limited number of selected CNA crop agents for the 1997 crop year. Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Sapp, senior vice president and chief information officer of Agriculture at CNA said, "Internet-based applications will play an increasingly important role as CNA Agriculture explores new opportunities to improve service to our agents and customers." CNA Agriculture is one of the largest primary writers and reinsurers of crop and farm insurance with a full line of risk management products including MPCI MPCI Multiple Peril Crop Insurance MPCI Mouvement Patriotique de Côte D’ Ivoire (Patriotic Movement of the Ivory Coast) MPCI Mobile Protocol Capability Indicator MPCI Multi-Point Courtesy Inspection MPCI Mini Pci MPCI Managing Partners Confidence Index , Crop/Hail, Named Peril The designated contingency, risk, or hazard against which an insured seeks to protect himself or herself when purchasing a policy of insurance. Among the various types of perils for which insurance coverage is available are fire, theft, illness, and death. PERIL. , and Property/Casualty programs aimed at the professional farmer. Headquartered in Chicago, CNA ranks among the top 10 U.S. insurance groups with revenues of $16.7 billion for the 12 months ending Sept. 30, 1996. During its 100-year history, CNA has built a reputation for leadership in insurance and risk management, financial strength, and commitment to its customers and business partners. CNA is the largest writer of commercial insurance. CNA is the registered service mark and trade name of the 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. Corp. For more information regarding CNA Agriculture Technology & Services, call Steve Sapp at 312/822-6651 or send a message over the Internet to steven.sapp@cna.com. All media inquiries should be directed to Dana Berkowitz. NOTE TO EDITORS: There is an "at" symbol between "dana.berkowitz" and "cna.com" below and between "steven.sapp" and "cna.com" above. Those symbols may not appear properly in some systems. CONTACT: CNA Dana O. Berkowitz, 312/822-6936 dana.berkowitz@cna.com |
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