WHITE PLAINS, N.Y.--Cybersettle, the world's number one online settlement company, has been selected by CNA, the fourth largest U.S. commercial insurer, as its online settlement partner to assist with the quick resolution of commercial insurance claims.
"I am very pleased to be working with such a prominent P&C carrier. Cybersettle's patented technology will allow CNA to improve the claims process for its customers and staff and help reduce costs," said Cybersettle President and CEO Charles Brofman.
Cybersettle's patented system is regularly used by more than 100,000 attorneys and 10,000 claims adjusters, representing over 1,900 claims offices worldwide to improve claims processing and efficiency. The City of New York is also using Cybersettle to expedite the resolution of claims and lawsuits filed against the City. More recently, the New York Liquidation Bureau, a division of the NY State Department of Insurance, announced its implementation of Cybersettle to address claims filed against insurance companies currently under its control.
CNA is the country's fourth largest commercial insurance writer and the 11th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty line, surety, marine and other property and casualty coverages. CNA services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at http://www.cna.com. CNA is a registered service mark of CNA Financial Corp.
Established in 1998, Cybersettle, the world's number one online settlement company, facilitates high-speed, claim settlements by matching confidential offers and demands through a secure, double-blind bid process. To date, Cybersettle has facilitated some 90,000 transactions representing more than a half billion dollars in settlements.
Cybersettle is the official and exclusive online settlement tool of the Association of Trial Lawyers of America (ATLA) and a strategic partner of the New York State Trial Lawyers Association (NYSTLA).
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