A large property and casualty insurance company may have contributed to the settlement of a tax dispute between the Internal Revenue Service and a municipal bond issuer.

Chicago-based CNA Financial Corp., one of the nation's largest multiline insurers, participated in the settlement between the IRS and Chester, Pa., over an allegedly illegal $335 million bond issue the city sold in 1986, according to yesterday's Wall Street Journal

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.