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Is CNA a good insurance company?

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CNA is the 7th largest auto insurance underwriter in the nation. The company has assets of over 68 billion dollars, and claimed revenues in excess of 10.3 billion dollars in 2006. They have been in business for more than 100 years, and today conduct business throughout the United States. They bare the 14th largest liability insurer in the country.

Financial Rating
CNA is rated A by A.M. Best, and has a similar rating with other financial ratings companies such as Standard & Poor's. This rating is classified as "excellent" by Best, and "strong" with other ratings companies. It indicates a company that may still have room for improvement but is still on a firm financial foundation. For car insurance policies, an A rating is more than sufficient to give you peace of mind.

Customer Satisfaction
When it comes to customer satisfaction, CNA is struggling with some older issues that gave them the good news is that the customer reviews posted online deal almost exclusively with health insurance situations, lowering the company's overall rating even though car insurance itself has not suffered any setbacks.

CNA Insurance Reviews Company Availability
CNA insurance is licensed to sell car insurance in all 50 states plus Washington DC. Whether you are about to move to a new permanent home or are required to live temporarily in many different places throughout the year, CNA insurance can travel with you.

The Bottom Line
CNA insurance is better than most. If you are looking for a stable company to buy insurance from or a reputable firm to invest in, CNA may be just what you are looking for. Remember that things may have changed before you read this, and research the company in more detail before you invest or buy a policy. CNA is a large company and not likely to fail any time soon, but it is a good idea to know as much as you can about any company that is watching over your financial security.

answered Sep 19, 2011 by anonymous
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