June 2003

CBS signs agreement with CNA insurance

Chiropractic Benefit Services (CBS) Malpractice company officials have entered into a new underwriting agreement with CNA insurance organization.

CBS sought a new underwriting partner after the A.M Best rating of its previous underwriter, Kemper Insurance, was lowered and it dropped several lines of insurance. CBS and Kemper agreed that policies would not be terminated while coverage is transferred to CNA.

"Backed by CNA casualty insurance company ‑ which has an A.M Best 'A' rating ‑‑ CBS will continue to offer excellent chiropractic professional liability insurance policy to our clients. In addition, with CNA we will be able to broaden the insurance coverage offered to include business property and general liability protection," said Timothy Feuling, CBS president.

According to the 2003 first quarter financial report from CNA, the company's Property & Casualty and Life and Group segments have steadily progressed in profits and new business, along with improved loss ratios.

CNA is the country's fourth largest commercial insurance writer, the 11th largest property and casualty company and the 51st largest life insurance company. CNA insurance products include standard commercial lines, specialty lines, surety, reinsurance, marine and other property and casualty coverages; life and accident insurance; group long term care, disability and life insurance; and pension products. CNA services include risk management, information services, underwriting, risk control, and claims administration. More information on CNA is available at www.cna.com.

"Everyone at CBS applauds our members for their loyalty and trust, and we thank them for their continued support," said Feuling.

CBS was the first ‑‑ and remains the only ‑‑ program owned and operated by a chiropractic family committed to lifetime, subluxation‑based, family wellness care. It was specifically formed to offer subluxation‑based doctors an alternative to medically oriented policies, while still providing the best professional liability coverage available. Its mission is to turn the need for insurance into a positive for the profession, by using revenues to support programs and develop tools which further the cause of subluxation‑based chiropractic.

Guided by the vision and wisdom of B.J. Palmer, CBS works to safeguard principled, subluxation‑based chiropractic and ensure that its practitioners remain free to provide the life‑enhancing gift of subluxation correction for all people.

As added benefits to policy holders, CBS provides free downloadable copies of its manual, "The CBS Malpractice Prevention Program," and the full‑length paperback book, "Chiropractic: Compassion and Expectation." In addition it publishes an electronic newsletter containing valuable information on risk management issues. These materials and many others are available at www.cbsmalpractice.com.