Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Director Resigns
Jun 23 2003 // Seattle-based Safeco’s director Paul Skinner resigned from the company last week citing personal reasons, as stated in a filing with the Securities and Exchange Commission. According to the Dow Jones Newswire,...
SAFECO ESTIMATES STORM LOSSES:
Jun 23 2003 // Seattle-based Safeco announced that claims stemming from the recent string of Midwest and Southern tornadoes, added to losses from violent hailstorms in Texas earlier in the quarter, are estimated at nearly $90 million in...
Born to be Wild or Something Like It
Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968 Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...
Born to be Wild or Something Like It
Jun 23 2003 // Get your motor runnin’ Head out on the highway Lookin’ for adventure And whatever comes our way –Steppenwolf, 1968 Easy Rider,” the 1969 filmic ode to the chopper life featuring Steppenwolf’s...
Safeco Estimates Storm Losses
May 20 2003 // Seattle-based Safeco announced that claims stemming from the recent string of Midwest and Southern tornadoes, added to losses from violent hailstorms in Texas earlier in the quarter, are estimated at nearly $90 million in...
Safeco Posts First Underwriting Profit in Four Years
Apr 28 2003 // Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6...
Safeco Ranks Sixth Among Nation’s Most Diverse Cos.
Apr 16 2003 // DiversityInc unveiled its list of America’s most inclusive companies, with Seattle-based Safeco earning the sixth-highest honor. In last year’s ranking of top-50 companies, Safeco placed...
InsuranceNoodle Appointed to Distribute Safeco Small-Business Insurance to More than 3,600 Small-Commercial Agents
Mar 24 2003 // InsuranceNoodle has signed an agreement with Safeco Insurance Corp. to distribute its small-commercial insurance products to more than 3,600 independent commercial agencies using the InsuranceNoodle platform. “By...
Moody’s Rates SAFECO Corp. Senior Debt Issue at ‘Baa1’
Jan 29 2003 // Moody’s Investors Service has assigned Baa1 ratings to two issues of senior unsecured debt of SAFECO Corporation and has affirmed the company’s ratings with a stable outlook. Moody’s assigned its Baa1...
For Safeco: Opportunity is Where You Create It
Jun 10 2002 // Like most insurance companies, the soft market took its toll on Safeco. While the property and casualty side of the business continued to suffer losses that resembled the gross national product of some Latin American...
Seattle’s Safeco Field Insurance Triples
Dec 21 2001 // While the Seattle Mariners made a huge leap on the baseball diamond this past season, the cost to insure Safeco Field tripled. According to a report in The Seattle Times, over a three-year period, the annual premium on a...
Lebo Named Interim Head of Safeco Personal Insurance
Mar 21 2001 // SAFECO has appointed Bill Lebo as interim chief operating officer for SAFECO Personal Insurance, the company’s largest insurance segment. Lebo, 55, will continue to serve as executive vice president for...
Safeco Considers New Distribution Channels In Rebound Efforts
Mar 19 2001 // Circumventing independent agents. Undermining agents’ sales. These are phrases that don’t set well with Safeco CEO Mike McGavick. And it’s no wonder. Appointed as the man to turn the struggling...
Safeco to Sell Credit Company in Effort to Strengthen Balance Sheet
Mar 15 2001 // Safeco is looking for a buyer for its commercial credit and leasing subsidiary, a move that could reduce the amount of debt on SAFECO’s consolidated balance sheet by nearly half. “Our credit company has been...
Safeco Eyes Direct Sales Plans
Mar 8 2001 // Safeco Corp. is looking at alternative ways to market and sell policies as part of a plan to help turn around the struggling Seattle insurer. The Seattle Post-Intelligencer reported Wednesday that Safeco could move into...
Safeco Select Forms New Optional Products Program
Jan 30 2001 // Safeco Select Insurance Services, a member of the Safeco Corp., announced that it has formed a new Optional Products Program to be marketed to financial institutions seeking new opportunities for fee income. Through...
Safeco to Announce Fourth Quarter Loss
Jan 12 2001 // Safeco Corp. expects to report an operating loss of 5 cents to 10 cents per share for the fourth quarter, falling well short of analysts’ predictions of a profit of 19 cents per share. The Seattle company’s...
Safeco Names Reed Temporary CEO
Dec 22 2000 // Safeco Corp. has named William G. Reed Jr., a member of the insurance and investment company’s board of directors, as chairman and chief executive until a permanent replacement is found. Reed, 61, will take the job...
Safeco Launches Initiatives, Reports Improved 3Q
Nov 13 2000 // After taking a small step backward last quarter with disappointing results, Seattle-based Safeco reported better-than-expected earnings for the third quarter of 2000. According to Boh Dickey, president and chief operating...
Safeco President Describes Industry Turmoil at Sacramento I Day
Oct 26 2000 // “There is turmoil in our industry right now,” Boh Dickey, president of Safeco Corp., told the approximately 700 attendees of Sacramento “I” Day last week. Dickey gave the keynote address at the...
