This holding company also has interests in offshore oil and gas drilling rigs, natural gas how to make a million slowly pdf pipelines, oil and gas exploration, and in hotel operations. The purpose of the company was to provide accident and health insurance to railroad industry employees.
This company then merged with the Metropolitan Accident Company, changed its name to the Continental Casualty Company, and moved to Chicago. The first letters of each of the original companies were merged to form the acronym CNA. 254 million, to comply with federal accounting requirements concerning its life settlement contracts. 32 million of after-tax impairment losses on equity securities. On May 3, 2005, CNA said it would restate financial results for prior years to correct its accounting for several reinsurance contracts, mainly with a former affiliate, and its equity accounting with this affiliate.
For 2004, this would reduce stockholders’ equity as of Dec. On February 16, 2006, CNA restated its annual financial statements from 2001 to 2004 as well as interim statements through the third quarter of 2005 to correct accounting for businesses reported as discontinued operations. On March 8, 2006, the company would make their third results restatements in less than a year, to correct errors in reporting cash flow. 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. 2009, as its new Chairman and CEO. 11 billion in 2013, its best performance since 2006. Iraqi translators killed while working for the American government. The Labor investigation reportedly found that the company had withheld documents and information in an effort to avoid making the payments. 7 million in tax credits that the company had received since 2006.
2100 by the end of 2012. December 2005, “gift” of a wrapped present design reflecting the winter holidays. Retrieved on August 18, 2012. Retrieved on August 19, 2012. Elisabeth Boone for Rough Notes. Steve Daniels for Crain’s Chicago Business. This page was last edited on 22 October 2017, at 02:47.