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CNA Financial (CNA), a large Chicago-based commercial property and casualty insurer, hit its 12th new 52-week low of the past 12 months on Tuesday. That's not great news for Loews Corporation, the New York holding company that owns 92% of CNA's stock.
I've admired Loews for a long time. Run by the Tisch family for years — the current CEO is Ben Tisch, who succeeded his father, Jim, at the beginning of 2025 — it has had a history of great success in the markets, as well as some less successful periods.