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CNA Announces New Kidnap, Ransom and Extortion Product

CHICAGO--(BUSINESS WIRE)--Apr. 11, 2012-- CNA announces a new Kidnap, Ransom and Extortion insurance product. Recognizing that security-related events have proliferated and can occur anywhere in the world, CNA’s new product goes beyond traditional coverage to address a broad range of security-related situations that a company of any size in virtually any industry could face.

With CNA’s Kidnap, Ransom and Extortion insurance, coverage extensions are available to address situations resulting from threats to damage property or harm employees without an associated ransom demand, political evacuation for both a business traveler or expatriate, child abduction from a hospital or daycare center on a company’s premises, disappearance of an employee when traveling on company business to workplace violence incidents. Coverage can be provided on a worldwide basis and includes the insured’s directors, officers and employees.

In providing this coverage, CNA is working with London-based red24, a premier crisis response firm with a strong reputation for offering risk mitigation training, security consultancy advice and response services to organizations around the world. red24 will provide assistance with a security-related situation 24/7 on a global basis. As part of the product offering, insureds will have access to red24’s online reports and travel security website as well as risk mitigation training.

CNA’s Kidnap, Ransom and Extortion insurance is currently available in 35 states. For additional information about this coverage, agents and brokers should contact their local CNA branch or Lisa Zanotelli, underwriting director, at lisa.zanotelli@cna.com.

Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include commercial lines, specialty lines, surety, marine, and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control and claims administration. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. For more information, please visit CNA at www.cna.com. CNA is a registered trademark of CNA Financial Corporation.

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Source: CNA

Media Contact:
CNA
Katrina Parker, 312-822-5167