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 email@example.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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Katrina Parker, 312-822-5167