CNA Offers New Product for Global Security-Related Issues

NU Online News Service, April 11, 12:35 p.m. EDT

Commercial, P&C and specialty carrier CNA says it has developed a new kidnap, ransom and extortion product to cover a wide range of security-related risks.

Available in 35 states, the insurer’s kidnap, ransom and extortion insurance product provides coverage extensions beyond traditional coverage for threats to damage property or harm employees with a ransom demand, political evacuation, child abduction from a hospital or daycare on the company’s premises, workplace violence incidents and disappearance of an employee when traveling on company business.

CNA says the product is available worldwide and can include directors, officers and employees.

As part of the offering, policyholders will have access to reports and security information from red24, which offers response, risk management mitigation and security advisement services.

CNA says red24 will provide assistance with a security-related situation 24/7 on a global basis.

The firm provides a number of case studies on its website. For instance, red24 provided clients with regular, in-depth reports of the situation following the devastating earthquake and tsunami in Japan a year ago. The firm confirmed client wellbeing and gave them advice about travel or where to safely stay in Japan, says red24.

red24 says it kept in contact with a client in Syria regularly during political unrest in the country last year. When tensions escalated and another client contacted red24 regarding the safety of employees and their families, the firm contacted them and outlined an evacuation plan and assisted in carrying out the plan.

Comments

Resource Center

View All »

Complimentary Case Study: Helping achieve your financial goals By:...

Find out how a Special Investigation Union used TLOxp to save the company money and...

Do Your Clients Hold The Right CDL License?

Learn about the various classes of CDL Licenses and the industries that are impacted by...

Integrated Content & Communications: A Key Business Issue For Insurers

Insurers are renewing their focus on top line growth, and many are learning that growth...

High Risk Insurance Coverage in the E&S Market

Experts discuss market conditions, trends and projected growth in a rapidly changing niche.

Top E-Signature Security Requirements

This white paper covers the most important security features to look for when evaluating e-signatures...

EPLI Programs Crafted Just For Your Clients

Bring us your restaurant clients, associations and other groups and we’ll help you win more...

Is It Time To Step Up And Own An Agency?

Download this eBook for insight on how to determine if owning an agency is right...

Claims - The Good The Bad And The Ugly

Fraudulent claims cost the industry and the public thousands of dollars in losses. This article...

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Looking for Markets?

Search Kirschner’s Insurance Directory to help service your hard to place risks.

497 Risk Categories | 70,000 P&C Insurance Markets

kirschners
Specialty Markets Insight eNewsletter

Receive updates and analyses on hard to place and challenging coverages. Sign Up Now!

Advertisement. Closing in 15 seconds.