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Gary
W.
Garson
Senior
Vice President
General
Counsel
and
Secretary
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May
4, 2006
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Ms.
Ibolya Ignat
United
States Securities and Exchange Commission
Division
of Corporation Finance
450
Fifth
Street, N.W.
Washington,
D.C. 20549
Re:
Loews
Corporation (the "Company")
Comment
Letter dated April 21, 2006 (the "Comment Letter")
Form
10-K
for fiscal year ended December 31, 2005
Filed
on
March 10, 2006
File
No.
001-06541
VIA
EDGAR FILING AND FACSIMILE TRANSMISSION - 202-772-9217
Dear
Ms.
Ignat:
As
we
discussed on the telephone yesterday, this will confirm the Company's receipt
of
the Comment Letter. With respect to those comments relating to our subsidiary,
CNA Financial Corporation ("CNA"), and included in the comment letter to CNA,
the Company will respond in a manner consistent with the response to be provided
by CNA. Our response will include a response to the comment relating to
Contractual Cash Payment Obligations as well. The Company has included in Item
2, Management's Discussion and Analysis of Financial Condition and Results
of
Operations of its 10-Q for the Quarter Ended March 31, 2006, in the schedule
of
Contractual Cash Payment Obligations, information regarding estimated future
interest payments related to debt.
As
you
know, CNA plans to file a substantive response to its comment letter on or
before May 17, 2006, and the Company will provide its response at the same
time.
Although
we are of course amenable to enhancing our disclosures in the context of the
Comment Letter, our responses to it should not be considered an indication
that
we believe any disclosures in the captioned Form 10-K filing are inadequate
or
incorrect in any material respect.
If
you
have any questions or further comments, please feel free to contact me at
212-521-2932, or via fax at 212-521-2997.
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Very
truly yours,
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By:
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/s/
Gary W. Garson
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Gary
W. Garson
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