CNA Financial Corp. opened a branch in Washington, D.C., an expansion the company says extends its geographic footprint and puts it closer to its agents, brokers and customers.

Property-casualty insurers will need to raise rates as their combined ratios approach 110, according to the chairman and chief executive of CNA.

The insurance industry suffers from a poor public image, according to several property-casualty insurance executives, and that image problem is crippling its efforts to attract young workers.

Despite the lingering effects of the financial crisis and other challenges, the property-casualty industry has remained focused on its core business, said CEOs of a handful of property-casualty insurers.

CNA Financial Corp. has new marching orders, designed to move the global business insurer “forward and succeed long-term,” according to its CEO, Tom Motamed.

Thomas Motamed

Motamed, who is also the …  Read →