Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
News Currents
Dec 10 2006 // Safeco lists on NYSE, hopes to grow by improving agent incentives Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors....
Safeco Appoints Mikolajewski and Vargas to Leadership Posts in California
Dec 7 2006 // Seattle-based Safeco has named Tim Mikolajewski general manager for the state of California, responsible for the profit-and-loss performance of the company’s insurance products; and Juan Vargas was appointed vice...
Safeco To Host Investor Session After Opening at NYSE
Nov 30 2006 // Seattle-based Safeco will host an informal question-and-answer session for analysts in New York on Thursday, Nov. 30. The event will begin at 1:30 p.m., Eastern Time (10:30 a.m., Pacific Time) in Manhattan. Safeco’s...
R.E. Chaix Adds Safeco as Admitted Market in California
Nov 28 2006 // Timothy Chaix, president of Irvine, Calif.-based R.E. Chaix & Associates, announced that its commercial auto division has added Safeco as a new admitted market for California agents. Eligible classes of business...
Business Moves
Nov 19 2006 // Safeco Seattle-based Safeco repurchased 10.2 million shares, or approximately 8.8 percent, of its outstanding common stock through an accelerated share repurchase (ASR) program. The shares were purchased from dealer Lehman...
Safeco Cuts Auto Rates in Colorado
Nov 17 2006 // Seattle-based Safeco announced it is cutting auto insurance rates in Colorado by as much as 21 percent, with the average Colorado customer experiencing a 4.8 percent decrease. Since July 2004, Safeco has taken rates down...
Former Safeco Exec Defeated in Election
Nov 9 2006 // Although she didn’t campaign as an anti-war candidate, Democratic Sen. Maria Cantwell won over the vast majority of Washington voters most unhappy with the war in Iraq and displeased with President Bush’s job...
Safeco Repurchases 10.2 Million Shares
Nov 7 2006 // Seattle-based Safeco has repurchased 10.2 million shares, or approximately 8.8 percent, of its outstanding common stock through an Accelerated Share Repurchase (ASR) program. The shares were purchased from dealer Lehman...
Safeco Declares Regular Dividend and Share Repurchase Increase
Nov 3 2006 // Safeco has declared a regular dividend of $0.30 per share on its common stock. The dividend is payable Jan. 22, 2007, to shareholders of record on Jan. 5, 2007. The company also announced that its board of directors has...
Water Tanks, Washing Machines Likely to Soak the House
Nov 1 2006 // Of all the appliances found in the home, the water heater and washing machine are the most likely to cause serious damage and leave home owners financially high and dry. According to a nationwide analysis by Safeco...
Safeco Reports Net Income of $101.1 Million in Third Quarter
Oct 31 2006 // Seattle-based afeco has reported its third-quarter results. The company produced record net income for third-quarter 2006 of $255.7 million, or $2.20 per diluted share. This compares with net income of $101.1 million, or...
Business Moves
Oct 9 2006 // Safeco moves to New York Stock Exchange, to Lay off 240 Seattle-based Safeco intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the...
Safeco Plans to List on the New York Stock Exchange
Sep 28 2006 // Seattle-based Safeco announced it intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the NYSE on Nov. 30, 2006 under the new symbol...
Safeco to Host Webcast to Discuss Q3 Results
Sep 22 2006 // Seattle-based Safeco will be broadcasting its regularly scheduled conference call over the Internet to discuss third-quarter financial results. The broadcast will be held on Tuesday, Oct. 31 at 11a.m. EST. A live Webcast...
People and Places
Sep 4 2006 // Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. Also, Phillip...
Business Moves
Sep 4 2006 // Progressive Drive, Homesite Drive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a...
Also, Phillip Hill was elected chief financial officer and vice president of operations. Hill has been part of Ogilvy-Hi
Sep 4 2006 // People Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
State Dems, Safeco Battling Over Company’s Use of Credit Scores
Aug 31 2006 // Washington Democrats and Safeco Corp. are battling over the company’s use of credit scores in canceling policies while Republican U.S. Senate candidate Mike McGavick was chief executive. The skirmish has moved to...
Safeco Sells U-District Complex to University of Washington
Aug 30 2006 // Seattle-based Safeco has announced the sale of its headquarters complex in Seattle’s University District to the University of Washington for $130 million. The sale follows Safeco’s previously announced strategy...
GOP Senate Challenger McGavick Reveals Drunken Driving Incident
Aug 29 2006 // Republican U.S. Senate challenger and former Safeco CEO Mike McGavick, in a remarkable confession of what he called his personal and political shortcomings, revealed a drunken driving incident and discussed his divorce, a...
