Insurer to deny some Chicago flood claims. (CNA Insurance Cos., Chicago Illinois): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on August 10, 1992. The length of the article is 623 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: CNA Insurance Cos has announced that it will not cover policy exclusionary losses, resultant from the Apr 13, 1992, Chicago River flood, and has rejected the Illinois Department of Insurance's request for payment of all claims. CNA Insurance CEO Edward Noha defended the company decision as protection against liability for claims from damages that may still occur in the future. CNA has already paid $2 million for 32 claims and has 63 unsettled claims. Three other insurance companies have also refused to pay all claims.

Citation Details
Title: Insurer to deny some Chicago flood claims. (CNA Insurance Cos., Chicago Illinois)
Author: Brian Cox
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: August 10, 1992
Publisher: The National Underwriter Company
Issue: n32 Page: p1(2)

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