Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Signs Definitive Agreement to Sell Life & Investments Operations
Mar 15 2004 // Seattle-based Safeco Corporation announced it has entered into a definitive agreement to sell its life and investments operations to a group of investors led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway...
Safeco Declares Regular Dividend
Feb 5 2004 // Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable April 26, 2004 to shareholders of record on April 9, 2004.
Safeco Signs Master Contract With CAA
Jan 7 2004 // Combined Agents of America LLC (CAA), based Austin, Texas, reported that Seattle-based Safeco has signed a master contract with all 28 CAA member agencies. Under the contract all CAA members gain access to this major...
Tom Hutton Elected to Safeco Board of Directors
Dec 5 2003 // Seattle-based Safeco’s board of directors has elected Tom Hutton as director effective Jan. 1, 2004. Hutton is the former president and CEO of Risk Management Solutions (RMS), a provider of licensed software, data...
Safeco Adds Workers’ Comp Policies to Online Sales Platform
Nov 25 2003 // Seattle-based Safeco Business Insurance (SBI) has expanded its online sales platform to make it faster and easier for agents to sell workers compensation insurance to small businesses. The update means agents can go online...
Safeco Estimates Calif. Wildfire Losses
Nov 18 2003 // Safeco announced that claims stemming from the recent California wildfires are estimated at $16.0 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Nov. 14...
Safeco Declares Regular Dividend
Nov 6 2003 // Seattle-based Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable Jan. 26, 2004 to shareholders of record on Jan. 9, 2004.
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Safeco Survey Finds Small-Business Owners Ill-Prepared When Disaster Strikes
Oct 22 2003 // A new nationwide survey by Safeco Corp. found most small-business owners are ill-prepared to recover costs if disaster strikes, such as company’s payroll, operating expenses and profits, and aren’t...
Safeco and Subs Affirmed
Oct 20 2003 // S&P affirmed its “BBB+” counterparty credit rating on Safeco Corp. and its “A+” counterparty credit and financial strength ratings on the members of the Safeco Insurance Co. Intercompany Pool,...
Safeco Plans Use of New Business Automation
Oct 10 2003 // In a major enhancement to its point-of-sale automation, Seattle-based Safeco has unveiled plans for a single, unified web-based technology platform that will reportedly make it faster and easier for independent...
Hebert Joins Safeco as Corporate Controller
Oct 7 2003 // Seattle-based Safeco named Maurice Hebert corporate controller. Hebert, 40, joins Safeco from AIG SunAmerica. He served in a number of key financial roles at the Los Angeles-based company including, most recently, vice...
S&P Comments on Safeco Corp. and Subsidiaries
Oct 2 2003 // Standard & Poor’s Ratings Services commented on SAFECO Corp. and its subsidiaries. On Sept. 29, 2003, Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on SAFECO Corp. and...
Safeco Sells Life & Investments to Focus on P/C Insurance
Sep 30 2003 // Aiming to be one of the top-performing companies in its sector, Safeco unveiled a new corporate structure with a clear focus on delivering Property & Casualty insurance products. As a result, Safeco intends to sell...
Safeco Strengthens WC Reserves; Announces Estimates of Hurricane Isabel Losses
Sep 30 2003 // Following the completion of a previously announced review, Safeco strengthened reserves for workers’ compensation, affecting third-quarter financial results by $0.96 per diluted share. Safeco increased loss reserves...
Safeco Reports Most Homeowners’ Pain Isn’t from the Rain
Sep 26 2003 // With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from...
Worksite: An Opportunity to Boost Revenue, Broaden Portfolio
Sep 22 2003 // In the face of rising healthcare costs, agents and brokers who sell employer-paid benefits might consider adding worksite to the mix. Worksite — a way of selling individual insurance policies to groups of employees at...
Safeco Declares Regular Dividend
Aug 7 2003 // Seattle-based Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable Oct. 27, 2003 to shareholders of record on Oct. 10, 2003.
Profitable Performance by Safeco’s Auto and Group Lines Drives Q2 Results
Jul 28 2003 // Profitable performance of its Auto and Group stop-loss medical insurance lines drove Safeco’s second-quarter results as the company reported net income of $111.9 million, or $0.81 per diluted share. This compares...
Safeco Makes Commercial Auto Ins. Sales Faster, Easier
Jul 23 2003 // Safeco Business Insurance has expanded its online sales platform to make it faster and easier for agents to sell commercial auto insurance to small businesses. The platform, called ESP(TM), allows agents to quote, bind and...
