Sector: Financial Services
Industry: Insurance—Property & Casualty
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. It offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages. The company also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. In addition, it is involved in the transportation and storage of natural gas and natural gas liquids, and hydrocarbons through natural gas pipelines and underground storage fields; and owning of salt dome caverns, and related brine infrastructure for providing brine supply services. Further, the company operates a chain of hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice fields, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. It markets its insurance products and services through independent agents, brokers, and managing general underwriters. The company was incorporated in 1969 and is headquartered in New York, New York.