Insurance group CNA has said that it has added additional underwriting investments, improved processing systems, and expanded, customized programs last year as part of its commitment towards the community banks.
CNA assistant vice president of underwriting Dominic Senese said despite today’s challenging economic times, the community banks segment is experiencing steady growth; thus, the firm clarified the appetite and customized coverages to better meet the insurance needs of community banks and depository institutions.
With assets below $3bn, CNA offers a full suite of insurance coverages specifically targeted to depository institutions, such as Commercial Banks, Savings Banks, Savings & Loans and Credit Unions.
CNA’s products include management liability, excess management liability, community bank bond, and CNA NetProtect.
In addition, CNA provides property and casualty products designed for community banks including commercial property (including coverage for foreclosed properties), workers’ compensation, general liability, auto liability (including coverage for repossessed autos) and umbrella.