CNA faces paying $30mn in refunds

CNA will hand at least $30mn back to policyholders after
overcharging them for premiums - and the carrier has warned that
the figure will likely grow.
The refunds relate to the CNA Connect product, which covers
small businesses, the Chicago-based insurer has told
The Insurance Insider. The company said
in a recent regulatory filing that it took steps voluntarily to
rectify the situation once it was discovered.
CNA warned that the refunds will increase and added that fines
or penalties...