Boardwalk Pipelines acquired Bayou Ethane for $355 million in cash, enhancing its ethane supply and transportation services in Louisiana and Texas. This strategic move aims to diversify and grow Boardwalk's business.

Loews Hotels & Co acquired a controlling majority equity interest in Live! by Loews, Arlington, Texas, and anticipates opening a new hotel and convention center in 2024. This expansion strengthens Loews Hotels & Co's footprint in key markets.

Loews Hotels & Co anticipates opening three new hotels at Universal Orlando by 2025, further solidifying its presence in the entertainment and tourism sector.

Loews Corporation terminated a non-contributory defined benefit pension plan, resulting in a $37 million after-tax charge. This action reflects a strategic decision to manage employee benefits and reduce future liabilities.

CNA's improved results were driven by higher net investment income and improved underwriting income, reflecting management's focus on core insurance operations and financial discipline.

Boardwalk Pipelines is actively pursuing emission reduction initiatives, demonstrating a commitment to environmental responsibility and operational efficiency.

CNA's long-term care policies are subject to the risk of reserve increases if actual experience differs from key assumptions, such as morbidity and persistency. This highlights the challenges in accurately predicting long-term care costs.

Boardwalk Pipelines' operations are subject to risks related to climate change, including potential regulatory and legal challenges, which could increase costs and reduce demand for its services.

Loews Hotels & Co's business is subject to operating risks common to the hospitality industry, many of which are beyond its control, including economic downturns, increased competition, and outbreaks of contagious diseases.

CNA faces intense competition from a large number of stock and mutual insurance companies and other entities, requiring continuous efforts to refine and improve its insurance products and services.

Loews Hotels & Co operates in a highly competitive industry, both for customers and for the acquisition and/or development of new properties.

Boardwalk Pipelines' natural gas transportation and storage operations are subject to extensive regulation by the FERC, including rules and regulations related to the rates it can charge for its services and its ability to construct or abandon facilities.

CNA's expense ratio is a key metric, and the company continuously allocates resources to refine and improve its insurance products and services to remain competitive.

Boardwalk Pipelines incurs substantial costs for ongoing maintenance of its pipeline systems and related facilities, including those incurred for pipeline integrity management activities.

Loews Hotels & Co's properties are subject to various operating risks common to the hospitality industry, many of which are beyond Loews Hotels & Co's control, including increases in the costs of supplies, furniture, fixtures, equipment, labor, workers' compensation, benefits, insurance, food and beverage, commodities, energy and unanticipated costs or cost increases due to inflation or resulting from force majeure events.

CNA is utilizing "big data" analytics to make underwriting and other decisions that impact product design and pricing. If such utilization is more effective than how CNA uses its data and information, CNA will be at a competitive disadvantage.

Technological changes in the way insurance transactions are completed in the marketplace, and CNA's ability to react effectively to such change, may present significant competitive risks.

Boardwalk Pipelines has implemented tools, policies and practices designed to comply with the security directives. Other regulators, such as PHMSA and the Securities and Exchange Commission (“SEC”), have also established requirements for reporting cybersecurity incidents.

In 2023, Loews Corporation repurchased 14.0 million shares of its common stock and 4.5 million shares of CNA's common stock, reflecting management's view on undervaluation and confidence in future cash flow generation.

Boardwalk Pipelines expects to spend approximately $310 million on its growth projects currently under construction through 2025.

Insurance companies such as CNA are subject to capital adequacy standards set by regulators to help identify companies that merit further regulatory attention.

Boardwalk Pipelines has identified the reduction of GHG emissions as an area of focus and looks for opportunities to reduce emissions using a variety of strategies.

Companies that do not adapt to or comply with investor or other stakeholder expectations and standards, which are evolving, or that are perceived to have not responded appropriately to the growing concern regarding ESG issues, regardless of whether there is a legal requirement to do so, may suffer from reputational damage and other adverse consequences.

The costs and administrative burdens associated with compliance with applicable laws and regulations, including those associated with responding to requests or demands of regulators or other governmental authorities, whether currently existing or implemented in the future, including, those pertaining to the environmental impact of Loews Hotels & Co's operations, and those arising out of mitigation efforts associated with pandemics or outbreaks of contagious diseases.

CNA is subject to the uncertain effects of emerging and potential claims and coverage issues that arise as industry practices and legal, judicial, social, economic and other environmental conditions change. Further, the impact of social inflation continues to be significant, and the trajectory of its future impact remains uncertain.

Legislative and regulatory initiatives relating to new or more stringent pipeline safety requirements or substantial changes to existing integrity management programs or withdrawal of regulatory waivers could subject Boardwalk Pipelines to increased capital and operating costs and operational delays.

The hospitality industry is seasonal in nature. The periods during which Loews Hotels & Co's properties experience higher revenues vary from property to property, depending principally upon location and the consumer base served.