Last updated July 8, 2009
Founded in 1911, Continental Assurance Company is a stock life insurance subsidiary of insurance giant CNA Financial. Continental Assurance Company is licensed to sell life insurance and investment products such as annuities in all 50 states, Washington D.C., and Puerto Rico.
CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. CNA celebrated its centennial in 1997. CNA (the parent company) was incorporated in 1967.
The National Fire Insurance Company was acquired in 1956, and in the 1963 the American Casualty Company was acquired. The first letters of each of the original companies were merged to form the acronym CNA. It was then referred to as the Continental National American Group, now it simply goes by CNA.
On January 1, 2004, CNA sold its Group Benefits division to The Hartford, based in Hartford, Connecticut. The Hartford merged its new purchase with its own Group Benefits Division. With the sale of this division came the end of CNA’s long history as a multi line insurer.
The primary business focus of CNA is to provide commercial property and casualty insurance to businesses and professionals. CNA markets its products and services primarily through independent agents and brokers.
Though its parent company, CNA Financial, Continental Assurance Company is able to offer a variety of health insurance solutions such as advanced medical technology companies, allied healthcare facilities, dentists, nurses, hospitals, and long-term care services. Their professionals have helped CNA to become a leader in providing a wide spectrum of insurance products and services.
Contact Continental Assurance Company at:
Continental Assurance Company
333 S. Wabash Ave.
Chicago, IL 60604
Telephone: (312) 822-5000
Sources: CNA website, Insurance Solutions, 2009 – CNA website, Contact Us, 2009 – Wikipedia.com, CNA page, 2009.