Economy Has Long Way to Go, CNA Chief Says

Recent property/casualty insurer financials showed improvement but Thomas Motamed, CNA Financial’s CEO and chairman, isn’t jumping for joy yet. Investment income is down and underwriting results aren’t improving, he says in this interview with Insurance Journal’s Andrew Simpson. That means companies like his have to stress pricing and underwriting discipline even though the economy continues to make this difficult.

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User Comments

  1. Gerry

    January 5, 2010 at 11:39 am

    CNA is just another carrier chasing business only to exit the market in a few years after they realize that buying EPL business at the pricing and retentions they have been is a no-win situation. Agents are now starting to see their knee jerk reactions on accounts that have incurred claims. Agents E&O anyone???

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