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    Loews Corporation (L)

    38.69 Down 0.16(0.41%) Jul 2, 4:03PM EDT
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    Loews Corporation
    667 Madison Avenue
    New York, NY 10065
    United States - Map
    Phone: 212-521-2000
    Website: http://www.loews.com

    Index Membership:N/A
    Industry:Property & Casualty Insurance
    Full Time Employees:17,510

    Business Summary 

    Loews Corporation, through its subsidiaries, operates as a commercial property and casualty insurance company primarily in the United States. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. Its commercial’s property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workers’ compensation, general and product liability, commercial auto, and umbrella coverages. The company also provides loss-sensitive insurance programs; and risk management, information, warranty, and claims administration services, as well as underwrites primarily short-tail exposures in marine and aviation, non-marine property, property treaty reinsurance, and specialty lines products. It markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters to various customers. In addition, the company owns and operates 38 offshore drilling rigs consisting of 27 semisubmersible rigs, 6 jack-ups, and 5 drillships for companies engaged in the exploration and production of hydrocarbons. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs), and gathering and processing of natural gas. It owns and operates natural gas pipelines covering approximately 14,190 miles of interconnected pipelines transporting approximately 2.5 trillion cubic feet of natural gas and approximately 34.4 million barrels of NGLs; and underground storage fields with aggregate working gas capacity of approximately 208.0 billion cubic feet of natural gas. Additionally, it operates 21 upper and upscale hotels. The company was founded in 1954 and is headquartered in New York, New York.

    Key Statistics

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    Corporate Governance 
    Loews Corporation’s ISS Governance QuickScore as of Jun 1, 2015 is 8. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 1; Compensation: 8.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Andrew H. Tisch , 65
    Co-Chairman, Member of the Office of the Pres, Chairman of Exec. Committee, Member of Fin. Committee and Chairman of Bulova
    Mr. Jonathan M. Tisch , 61
    Co-Chairman, Member of the Office of the Pres, Member of Exec. Committee and Chairman of Loews Hotels
    Mr. James S. Tisch , 62
    Chief Exec. Officer, Pres, Member of Office of the Pres, Director, Member of Exec. Committee, Member of Fin. Committee, Chairman of Diamond Offshore and Director of CNA
    Mr. David B. Edelson , 56
    Chief Financial Officer and Sr. VP
    Mr. Kenneth I. Siegel , 57
    Sr. VP
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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