One Company’s Risk is Another Company’s RSKCo
By Robert Warne - April 3, 2003CNA employees experienced their own claims department shock and awe campaign April 2, when they found out that the carrier was going to cut its RSKCo subsidiary loose.
A target date has been set in late May for CNA to complete the RSKCo transaction with Cunningham Lindsay US.
Employees with a connection to any CNA claims business will most likely retain their positions within a new CNA subsidiary, CNA ClaimPlus!, under the direction of Jeff Gans.
Those who solely handle RSKCo claims should have an opportunity to sign on with Cunningham Lindsay.
Officials report that about 450 people will transition to Cunningham Lindsay. An internal memo stated that, “the employees selected will be able to continue to enjoy working in a TPA-focused business that is committed to building and growing this type of business.”
Darryl Coleman, Senior Vice President of Standard Lines Claim at CNA said, “the sale includes all business written by RSKCo not sold in connection with insurance products of other CNA subsidiaries.”
The sale includes the RSKCo name, brand and all of CNA’s unbundled business.
It has still yet to be determined if the claims associated with RSKCo will be moved to another facility. CNA reported that the employees affected by the sale should hear from Cunningham Lindsay within the next couple of days if they will be offered a position.
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