Chicago Car Accident Attorneys For Auto Injury Claims With CNA Insurance
Information on CNA Insurance CompanyNever known for blending in, CNA Insurance sits atop the Chicago, Illinois skyline with an over 600-feet tall building. Just like its company emblem, the building also sports the bright red trademark color. However, the size and location of its headquarters is not the only reason why CNA stands out. Listed on the New York Stock Exchange (under the symbol “CNA”), the company employs roughly 7,500 employees and generates nearly $10 billion in revenue every year. However, as impressive as the numbers, they are dwarfed by the giants in the insurance industry like Allstate, State Farm, and Travelers. CNA Insurance is owned mostly by a holding company, Loews Corporation, that invests in a diversified group of publicly traded companies.
Since its birth over 100 years ago, CNA Insurance has made a reputation for catering products and services to businesses and professionals. In the United States, the company actively has over 1 million policies in force covering property and casualty losses in the commercial setting. It also offers financial services to companies, including:
- General Commercial Liability Insurance
- Directors and Officers Liability Insurance
- Workers Compensation Insurance
- Commercial Automobile Insurance
CNA also customizes numerous solutions for special circumstances, including cyber liability, surety issues, equipment problems, and international complications. Our attorneys have assembled a sample review of CNA case litigation (jury awards and settlement amounts) over a decade between 2005 and 2015. The data provides insight on how plaintiffs have resolved their cases against the insurance carrier.
Compared to others who have filed claims and lawsuits against competing insurance companies, plaintiffs filing suit against CNA Insurance in the courtroom have had poor results. Additionally, while insurance matters dominated most litigation cases against CNA, there were also higher than normal numbers of corporate and employment cases, compared to other insurance companies. This could be attributed to CNA’s business customer base versus the high percentage of individual personal insurance coverage from competing insurance carriers.
Many plaintiffs did not resolve their case with CNA with any monetary compensation. as compared to their counterparts filing suit against other insurers. While twenty-five percent of all plaintiffs received a small sum of recompense, roughly thirty-six percent of plaintiffs resolving CNA cases received nothing. Nearly the same number of plaintiffs (34%) recovered under one hundred thousand dollars. Though the number of people who received more than one million dollars was on the high end -10% - only 30% actually received more than one hundred thousand dollars, which is low when comparing litigated cases across the insurance industry.
The facts for automobile cases against CNA are even more unnerving for would-be plaintiffs. Those receiving nothing (30%) which while lower than the general insurance category is still worse than the typical average against other insurers (normally around 25%). Also, those recovering compensation less than one hundred thousand dollars was 47%. This combined figure (77%) of those receiving nothing or less than one hundred thousand dollars paints a very bleak picture for those ready to settle their case or take it to trial. Plus, only 3% of plaintiffs against CNA Insurance garnered more than one million dollars. So, while many cases took place in Illinois because CNA is located there, in most instances, it was all for naught!
Doing it the Right Way: Receiving Justice from CNA For Personal Injuries
The review of jury awards and settlement amounts against CNA Insurance above demonstrates that while significant recovery is possible, it is not easy. Successfully resolving an accident case requires the victim or their attorney to record all facts even ones that might not appear to be relevant. Even though the victim might be stressed immediately after the crash, it is crucial to write everything down so you can decide later what counts.
The victim or an attorney working on their behalf can file a claim with CNA by phone at 1-877-262-2727, by fax at 1-800-953-7389, by logging onto their website at www.cna.com or by emailing them at email@example.com. Following this filing, CNA will typically investigate the matter and then offer a compromised amount. Many times, this figure will be lower than the total cost of the damages (including property damage, medical bills, etc,).
Allow Our Chicago Car Accident Attorneys to Battle For Your Legal Rights When Dealing With a CNA Accident and Injury Claim
Therefore, you need competent legal advocacy to put the facts to work for you to maximize your settlement amount. The skilled auto accident attorneys at Rosenfeld Injury Lawyers are competent in insurance law and can make sure that your rights are protected against CNA. Contact us today and hear about how we can help you fight CNA!