NEW YORK--(BUSINESS WIRE)--July 20, 2004--Loews Corporation (NYSE:LTR) reported today that Walter L. Harris had been elected a director of Loews. Mr. Harris is President and Chief Executive Officer of Tanenbaum-Harber Co., Inc., a risk management and insurance brokerage firm. He had served as a director of the Company's CNA Financial Corporation subsidiary, from which position he resigned prior to becoming a member of Loews's Board of Directors.

CONTACT: Loews Corporation
Candace Leeds, 212-521-2416
or
Investor Relations:
Joshua E. Kahn, 212-521-2788

SOURCE: Loews Corporation