Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Launches Instant Auto Endorsement Processing
Aug 18 2006 // Seattle-based Safeco has introduced online technology that allows independent agents to make instant changes to clients’ commercial auto policies. The real-time capability cuts a one-week process into a two-minute...
Safeco Announces $250 Million Share Repurchase
Aug 14 2006 // Safeco announced it has executed a Rule 10b5-1 trading plan to purchase up to $250 million of its outstanding shares of common stock. A Rule 10b5-1 plan allows Safeco to repurchase its shares during periods when the...
Safeco Announces Share Repurchase Increase, Declares Dividend
Aug 11 2006 // Safeco announced that its board of directors has increased the company’s share repurchase authorization to 10 million shares, including shares that remain available for repurchase under previously approved programs....
Safeco Reports Strong Profitability in Second Quarter
Aug 2 2006 // Seattle-based Safeco has reported second-quarter net income of $199.7 million, reflecting consistent, profitable underwriting performance across all major lines of business. According to the company, it initiated expense...
Granddaughter of Safeco Founder Sues Former CEO Mike McGavick and Board
Aug 2 2006 // Flanked by legal counsel, Emma Schwartzman, the great, great granddaughter of a Safeco founder, announced the filing of a lawsuit on behalf of Safeco shareholders against former CEO Mike McGavick. The central claim in the...
Safeco CEO: ‘We will sell to consumers in the way they want to buy’
Jul 24 2006 // Explaining Seattle-based Safe-co’s recent announcement that it would sell its products directly to the consumer over the Internet, president and CEO Paul Rosput Reynolds said the company previously had been not...
SAFECO CHANGES TOP PERSONNEL
Jul 24 2006 // Safeco President and CEO Paula Reynolds announced executive changes made to accelerate the company’s progress toward becoming a low-cost insurance provider with distinctive products and services. Mike Hughes was...
Safeco CEO: ‘We will sell to consumers in the way they want to buy’
Jul 24 2006 // Explaining Seattle-based Safeco’s recent announcement that it would sell its products directly to consumers via the Internet, President and CEO Paul Rosput Reynolds said the company previously had been not...
Safeco CEO: ‘We will sell to consumers in the way they want to buy’
Jul 24 2006 // Explaining Seattle-based Safe-co’s recent announcement that it would sell its products directly to the consumer over the Internet, president and CEO Paul Rosput Reynolds said the company previously had been not...
Safeco and Its Agents Ready to Help Stranded Texas Select Customers
Jul 24 2006 // Safeco Insurance is working with its 536 independent Texas agents to provide quality replacement homeowners coverage for customers stranded by the failed Texas Select Lloyds company. “With the clock ticking for...
Safeco’s New Auto Policy Designed to Give Customers More Choices
Jul 20 2006 // Safeco has introduced a redesigned auto policy aimed at better fitting customers’ lives. The new Safeco Auto Policy* is designed to cover the needs of today’s typical drivers — including coverage of...
Safeco Announces Changes in Top Personnel
Jul 13 2006 // Safeco President and Chief Executive Officer Paula Reynolds announced a series of executive changes designed to accelerate the company’s progress toward becoming a low-cost insurance provider with distinctive...
Safeco to Host Webcast to Discuss Second-Quarter Financial Results
Jul 5 2006 // Seattle-based Safeco will be hosting a live Internet broadcast of its regularly scheduled conference call to discuss second-quarter financial results. The conference call will be held at 10 a.m., EST on Wednesday, Aug. 2,...
Ratings review
Jun 19 2006 // Safeco Outlook Positive Standard & Poor’s Ratings Services affirmed its “A+” counterpart credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its...
Ratings review
Jun 19 2006 // Safeco Outlook Positive Standard & Poor’s Ratings Services affirmed its “A+” counterpart credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its...
Safeco adds online distribution strategy to sell direct to consumers
Jun 5 2006 // Seattle-based Safeco Insur-ance Companies has decided sell products via the Internet to supplement its existing and preferred sale channel of independent agents, the company reported. Safeco began exploring this new...
Business Moves
Jun 5 2006 // Assurant, Safeco Financial Institution Solutions Assurant Inc., a provider of specialty insurance and insurance-related products and services, acquired all of the outstanding capital stock of Safeco Finan-cial Institution...
Safeco adds online distribution strategy to sell direct to consumers
Jun 5 2006 // Seattle-based Safeco Insur-ance Companies has decided sell products via the Internet to supplement its existing and preferred sale channel of independent agents, the company reported. Safeco began exploring this new...
Safeco Insurance Intercompany Ratings Affirmed, Outlook Positive
Jun 1 2006 // Standard & Poor’s Ratings Services said today it affirmed its “A+” counterparty credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its...
Kari Named Safeco’s New Chief Financial Officer
May 31 2006 // Seattle-based Safeco named financial services veteran Ross Kari as the company’s executive vice president and chief financial officer, effective June 21, 2006. Kari joins Safeco from the Federal Home Loan Bank of San...
