The Industry's Leading Source For F&I, Sales And Technology

Top News

CNA National Surpasses $1 Billion in Claims Paid

August 31, 2007

SCOTTSDALE, Arizona — CNA National has paid more than $1 billion in claims for repairs on behalf of its service contract holders, according to Joe Becker, president and chief executive officer.

“For more than 25 years, our customers, dealers and agents have been able to count on us to provide fair, fast and hassle-free claims service,” Becker said. “Last year alone we paid more than $91 million for repairs to our customers’ vehicles and just recently we exceeded $1 billion paid for claims inception to date.

“CNA National has always been known for superior claims service,” he continued. “One reason for this is our emphasis on hiring adjusters with actual dealership or repair facility experience. In fact, the majority of our Claims Department staff is ASE-certified.”

Founded in 1982 and headquartered in Scottsdale, Arizona, CNA National offers a variety of profit participation programs including a choice of reinsurance structures. Just last month the company announced it has surpassed $100 million in profit distributions to dealers nationwide. In addition to service contracts, its product line includes GAP and tire-and-wheel protection. The company is a wholly owned subsidiary of CNA, one of the nation’s oldest and largest insurers with more than $60 billion in assets.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Triad's Move Not Part of Subprime Mortgage Woes

Subprime auto lender Triad Financial is relocating 124 California-based positions to Texas, but said the move has more to do with the expense of doing business in the state than fallout from the subprime mortgage market.