For about 6 years Mike McGavick worked for CNA Financial Corporation based in Chicago, Illinois. He started in 1995 and left to go to work at Safeco in Feb 2001. Mike McGavick is the Republican challenger to incumbent Washington State U.S. Senator Maria Cantwell.
CNN Financial Corporation is a large insurance corporation that is a 90% owned subsidiary of Loews Corporation. But Mike never mentions this relationship of CNA Financial Corporation to Loews.
Just what is Loews? The following is taken from the earliest posted Annual Report at Loews website, http://ir.loews.com/phoenix.zhtml?c=102789&p=irol-annualreports 2003 Annual Report:
LOEWS CORPORATION, a holding company, is one of the largest diversified financial corporations in the United States. Its principal subsidiaries are listed below. www.loews.com
CNA Financial Corporation (90 percent owned) is one of the largest property-casualty insurance organizations in the United States. www.cna.com
Lorillard, Inc. (wholly owned) is America’s oldest tobacco company. Its principal products are marketed under the brand names Newport, Kent, True, Maverick and Old Gold.Substantially all of its sales are in the United States. www.lorillard.com
Diamond Offshore Drilling, Inc. (54 percent owned), one of the world’s largest offshore drilling companies, offers comprehensive drilling services to the energy industry around the world. It owns and operates 45 offshore drilling rigs. www.diamondoffshore.com
Loews Hotels (wholly owned) has established itself as one of the country’s top luxury lodging companies. It operates 20 hotels and resorts, of which 18 are in the United States and two are in Canada. www.loewshotels.com
Texas Gas Transmission, LLC (wholly owned) owns and operates a 5,800-mile pipeline system that transports natural gas from the Gulf Coast, east Texas and north Louisiana to markets in the southern United States and throughout the Midwest. www.txgt.com
Bulova Corporation (97 percent owned) is a major distributor and marketer of watches and clocks. Its brand names include Bulova, Caravelle, Wittnauer and Accutron. www.bulova.com