Attn: | Jim B. Rosenberg |
Senior Assistant Chief Accountant |
Re: | CNA Financial Corporation |
Form 10-K for the Fiscal Year Ended December 31, 2010 | |
File No. 001-05823 |
1. | Regarding the Insurance Brokerage Anti-trust litigation, it is not clear how “not readily determinable” in your disclosure “The extent of losses beyond any amounts that may be accrued are not readily determinable at this time,” meets the disclosure required by ASC 450-20-50-4. Please provide us proposed disclosure to be included in future periodic reports that complies with ASC 450-20-50-4. If it is the case that an estimate cannot be made, please tell us your process at each reporting date to make this determination, and the facts and circumstances that currently prevent you from making an estimate. |
• | the Company is responsible for the adequacy and accuracy of the disclosure in its filings; |
• | staff comments or changes in disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the Company's filings; and |
• | the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
Cc: | Chrstine Allen, Division of Corporation Finance Staff Accountant |
Donald Abbott, Division of Corporation Finance Senior Staff Accountant |
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