Liability Risk and Insurance
CNA makes asbestos reserves
A US$2.1bn strengthening of reserves – around half in respect of old asbestos and environmental claims – has pushed
CNA Financial into an operating loss of US$2.08bn (net loss US$1.8bn) for the second quarter of the year. The second quarter of 2000 saw
an operating profit of US$154mn (net profit US$330mn).