Loews Corporation, through its subsidiaries, principally provides commercial property and casualty insurance primarily to businesses, associations, professionals, and groups and individuals. Its property insurance products provide coverage to properties, marine, boilers, and machinery; and casualty insurance products include workers’ compensation, general and product liability, and commercial auto coverage products. The company also offers management and professional liability insurance products, as well as provides risk management, information services, warranty, and claims administration services. In addition, Loews Corporation produces and sells cigarettes, as well as operates 18 hotels. Further, it engages in the ownership and operation of offshore oil and gas drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons; exploration, production, and marketing of natural gas, natural gas liquids, and oil primarily in the Permian Basin in Texas, the Antrim Shale in Michigan, and the Black Warrior Basin in Alabama; and the operation of interstate natural gas transmission pipeline systems. As of December 31, 2007, the company owned 44 offshore rigs principally located in the U.S. Gulf of Mexico, Brazil, Malaysia, North Sea, Australia, Egypt, and Indonesia; owned 2.5 Tcfe of net proved reserves; and owned and operated 2 interstate natural gas pipeline systems, with approximately 13,550 miles of pipeline. Loews Corporation operates in the United States. The company was founded in 1954 and is based in New York, New York.
$42.97 (07/18/08)
