A.M. Best: CNA Can Handle $1.83 Billion Charge
NU Online News Service, Nov. 13, 3:23 p.m.EST?Most rating firms reacting to CNA FinancialCorporation's $1.83 billion after-tax reserve charge announcementhave affirmed current ratings and voiced the opinion the insurer isbetter-positioned than many competitors to handle such charges.
"We affirmed our ratings and assigned a ?negative' outlook,"said Karen Horvath, an analyst at Oldwick, N.J.-based A.M. Best,which currently has an "A" financial strength rating for CNAInsurance Companies.
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