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APPLIED UNDERWRITERS FORMS NORTH AMERICAN CASUALTY GROUP; ACQUIRES CONTINENTAL NATIONAL INDEMNITY COMPANY San Francisco, CA, January 30, 2006: Applied Underwriters, the industry leader in integrated workers’ compensation solutions (www.applieduw.com), today announced the formation of the North American Casualty Group, and the acquisition of Continental National Insurance Company from CNA, in strategic moves that support Applied’s already strong industry position in the Mid-West, the Northeast and other important regions throughout the U.S. Applied Underwriters plans to rename the acquisition Continental Indemnity. "We’re bringing Continental Indemnity and California Insurance Company into our North American Casualty Group," explained Carl J. DeBarbrie, Jr., senior vice president. "This move enables us to expand quickly our reach and effectiveness in key markets throughout the country – especially in California, the Mid-West, the Northeast and other key regions. These regions are where our businesses are growing rapidly to meet expanding demands from our agents and brokers, who are providing products to small-to-medium sized businesses." Applied’s insurance products include SolutionOne® and EquityComp™. SolutionOne is a seamlessly integrated package delivering workers' comp insurance, a payroll processing system, a risk reduction system, and employer extended coverages designed for companies with a payroll between $100,000 and $5 million. EquityComp is a sophisticated risk financing program that allows customers to craft a solution that satisfies their particular appetite for risk and aimed at companies with premiums in excess of $150,000. For more information, please contact William Strawn, MacKenzie Communications, Tel. 415/403-0800, or via email wstrawn@mackenziesf.com. |
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