Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 26, 2015 7:16 AM ET

Insurance

Company Overview of Continental Casualty Company

Company Overview

Continental Casualty Company provides property and casualty insurance and underwriting services. The company also offers health, life, workers compensation, vehicle liability, property and marine, surety, title, fraternal, mortgage guarantee and medical mutual insurance services. The company was formerly known as Continental Assurance Company of North America and changed its name to Continental Casualty Company in November 1900. Continental Casualty Company was incorporated in 1897 and is based in Chicago, Illinois. Continental Casualty Company operates as a subsidiary of The Continental Corporation.

333 South Wabash Avenue

Chicago, IL 60604

United States

Founded in 1897

Phone:

312-822-5000

Fax:

312-822-6419

Key Executives for Continental Casualty Company

President
Age: 67
Compensation as of Fiscal Year 2014.

Continental Casualty Company Key Developments

Retailer Urban Outfitters Inc. Files Lawsuit Against Continental Casualty Co

Retailer Urban Outfitters Inc. filed a lawsuit against Continental Casualty Co. alleging the insurer failed to provide full coverage for damages caused by Superstorm Sandy in 2012. Urban Outfitters alleges it suffered over $2 million in property damage and business interruption losses as a result of the storm, which hit New York and New Jersey area around Oct. 29, 2012. Continental Casualty provided a commercial property policy covering Urban Outfitters with $500 million. The lawsuit alleges that despite repeated requests, Continental failed to provide full coverage to the retailer for damages to some of it's New Jersey store locations. The complaint alleges claims for breach of contract and bad faith.

Continental Casualty Co. Faces a Lawsuit

Continental Casualty Co. is the defendant in a lawsuit that alleges the insurer failed to pay over $2.2 million in losses suffered by a company following the failure of its computer system. The plaintiff, RI Inc., d/b/a Seating Solutions, sells and installs custom spectator and sports seating. Continental insured the plaintiff under a commercial property policy. In August 2012, Seating Solutions suffered a catastrophic failure of its computer system and website, which it used in direct ordering, order processing, collections and marketing. Seating Solutions claims it suffered over $2.2 million in losses as a result of the failure, including over $1.7 in lost sales. Seating Solutions alleges Continental only made a partial payment of $149,000 and engaged in a dilatory and negligent investigation of the claim. Seating Solutions asserts a claim for breach of contract and seeks a judgment requiring Continental to pay the full damages owed.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Continental Casualty Company, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.