[LTPC-discussions] CNA

Thu, 7 Aug 2003 17:35:00 -0400

This is a multi-part message in MIME format.

------=_NextPart_000_0017_01C35D0A.3A70E840
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

"...Loews Corp., the conglomerate controlled by the Tisch family, fell =
$2.99 to $42.72. Its insurance subsidiary, CNA Financial Corp., reported =
an unexpected second-quarter underwriting loss and profit fell at its =
cigarette business. CNA fell $1.98 to $22.69.=20

"...NEW YORK, Aug 7 - Moody's Investors Service (News - Websites) has =
placed the ratings of CNA Financial Corporation (senior debt at Baa2) on =
review for possible downgrade. The rating review also encompasses the =
ratings of CNA's principal property and casualty insurance subsidiaries =
(insurance financial strength at A3) and life insurance subsidiaries =
(insurance financial strength at A2), as well as the Baa3 senior debt =
rating of the Continental Corporation. A complete listing of affected =
ratings is found below. According to Moody's, the rating action follows =
CNA's."

"...NEW YORK (AP) -- Loews Corp. said Thursday its second-quarter profit =
rose 8 percent on strong investment gains from its CNA Financial Corp. =
insurance business, but revenue fell.=20
CNA Financial said it would cut about 700 jobs over the year in an =
attempt to cut costs by $200 million a year."

"...NEW YORK (Reuters) - CNA Financial Corp. (NYSE:CNA - News), the =
second-largest U.S. business insurer, on Thursday said quarterly profit =
rose helped by rate increases and growth in premiums in its property and =
casualty business, and that it will cut its work force by 5 percent to =
reduce costs."

"...Insurers in general have been wracked by increased claims against =
companies' directors and officers. Premiums for D&O insurance have =
increased sharply in the wake of numerous corporate fraud claims.=20

CNA also said in a release that it launched a plan to cut $200 million =
in expenses that involves cutting its work force by about 5 percent, =
reducing commissions and workers compensation costs and other spending =
cuts."

Great LTPC research capabilities (to guide agents) -- ahead of the curve =
(for the consumer).=20

Wasn't this in the sales intro script?=20

------=_NextPart_000_0017_01C35D0A.3A70E840
Content-Type: text/html;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=3D"text/html; charset=3Diso-8859-1" =
http-equiv=3DContent-Type>
<META content=3D"MSHTML 5.00.3513.900" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>"...Loews Corp., the conglomerate =
controlled by the=20
Tisch family, fell $2.99 to $42.72. Its insurance subsidiary, CNA =
Financial=20
Corp., reported an unexpected second-quarter underwriting loss and =
profit fell=20
at its cigarette business. CNA fell $1.98 to $22.69. </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>"...NEW YORK, Aug 7 - Moody's Investors =
Service (<A=20
href=3D"http://us.rd.yahoo.com/finance/news/keywords/news/SIG=3Dl5un0v/*h=
ttp://search.news.yahoo.com/search/news?p=3DMoody%27s+Investors+Service+&=
amp;a=3D1&amp;n=3D10">News</A>=20
- <A=20
href=3D"http://us.rd.yahoo.com/finance/news/keywords/websites/SIG=3Df4ur5=
j/*http://search.yahoo.com/search?a=3D1&amp;n=3D10&amp;p=3DMoody%27s+Inve=
stors+Service">Websites</A>)=20
has placed the ratings of CNA Financial Corporation (senior debt at =
Baa2) on=20
review for possible downgrade. The rating review also encompasses the =
ratings of=20
CNA's principal property and casualty insurance subsidiaries (insurance=20
financial strength at A3) and life insurance subsidiaries (insurance =
financial=20
strength at A2), as well as the Baa3 senior debt rating of the =
Continental=20
Corporation. A complete listing of affected ratings is found below. =
According to=20
Moody's, the rating action follows CNA's."</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>"...NEW YORK (AP) -- Loews Corp. said =
Thursday its=20
second-quarter profit rose 8 percent on strong investment gains from its =
CNA=20
Financial Corp. insurance business, but revenue fell. </FONT>
<P><FONT face=3DArial size=3D2>CNA Financial said it would cut about 700 =
jobs over=20
the year in an attempt to cut costs by $200 million a year."</FONT></P>
<P><FONT face=3DArial size=3D2>"...NEW YORK (Reuters) - CNA Financial =
Corp.=20
(NYSE:</FONT><A =
href=3D"http://finance.yahoo.com/q?s=3Dcna&amp;d=3Dt"><FONT face=3DArial =

size=3D2>CNA</A> - <A=20
href=3D"http://biz.yahoo.com/n/c/cna.html">News</A>), the =
second-largest U.S.=20
business insurer, on Thursday said quarterly profit rose helped by rate=20
increases and growth in premiums in its property and casualty business, =
and that=20
it will cut its work force by 5 percent to reduce costs."
"...Insurers in general have been wracked =
by=20
increased claims against companies' directors and officers. Premiums for =
D&amp;O=20
insurance have increased sharply in the wake of numerous corporate fraud =
claims.=20

CNA also said in a release that it =
launched a plan to=20
cut $200 million in expenses that involves cutting its work force by =
about 5=20
percent, reducing commissions and workers compensation costs and other =
spending=20
cuts."
Great LTPC research capabilities (to =
guide agents) --=20
ahead of the curve (for the consumer). 
Wasn't this in the sales intro=20
script?&nbsp;</DIV></BODY></HTML>

------=_NextPart_000_0017_01C35D0A.3A70E840--