Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Reports Earnings of $174.6 Million for First Quarter
May 1 2007 // Seattle-based Safeco reported operating earnings, after tax, which exclude net realized investment gains and loss on debt repurchases, of $174.6 million for the first quarter of 2007, compared with $199.3 million in the...
Business Moves
Apr 23 2007 // The Hartford, Berkshire Hathaway, First State The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway...
Safeco Rolls Out Package BOP
Apr 11 2007 // Seattle-based Safeco isoffering BOP Access, a new commercial insurance businessowner policy that is designed to disentangle the insurance buying process for small businesses — such as restaurants and light...
Safeco To Host Webcast on Q1 Results May 1
Apr 5 2007 // Seattle-based Safeco will be hosting a live Internet broadcast on Tuesday, May 11 at 11 a.m. EST to discuss its first quarter financial results. To listen in on the conference, visit www.safeco.com/irwebcast at the...
Safeco Consolidates Nonprofit Social Service Product Line with NIF Group
Apr 2 2007 // Seattle-based Safeco said its insurance product line for nonprofit social service agencies will now be available to all independent agents through NIF Group Inc. “NIF Group has successfully represented Safeco’s...
Rinehart Appointed to Safeco Board of Directors
Mar 20 2007 // Seattle-based Safeco’s board of directors has appointed Charles Rinehart as director. Rinehart will stand for election at the company’s annual meeting of shareholders on May 2, 2007. Rinehart is the former...
Safeco to cut homeowners, commercial rates across California
Feb 26 2007 // Seattle-based Safeco announced it will be cutting rates for California homeowners in 2007 by an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California, according...
News Currents
Feb 25 2007 // Safeco to cut homeowners, commercial rates across California Seattle-based Safeco announced it will be cutting rates for California homeowners in 2007 by an average of 20 percent. The move is expected to affect some...
Safeco To Cut Homeowners, Commercial Rates
Feb 13 2007 // Seattle-based Safeco has announced it will be cutting rates for California homeowners in 2007 an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California,...
Business Moves
Feb 11 2007 // Aon, Footman James Chicago-based Aon Corp. completed the acquisition of Footman James from Alchemy Partners Ltd. based in Guernsey. Terms of the transaction were not disclosed. The transaction will have no effect on...
Industry Facing Commoditization, Safeco CEO Says
Feb 9 2007 // Advertising and technology are generating an even greater focus on insurance pricing rather than insurance coverage, according to Paula Rosput Reynolds, president and CEO of Seattle-based Safeco Corp. Speaking at the...
Safeco Reports Fourth Quarter Net Income of $216.4 million
Jan 30 2007 // Seattle-based Safeco hosted a conference call on its fourth quarter and year-end results today, noting it had fourth-quarter net income of $216,4 million, or $1.96 per diluted share. Net income for the same period the...
Safeco Fourth Quarter Conference Called Changed to 12 p.m EST
Jan 29 2007 // Seattle-based Safeco (NYSE:SAF) has updated the time of its fourth-quarter and year-end conference call to Tuesday, Jan. 30 at 12 p.m., Eastern Time. A live Webcast of the presentation will be available on Safeco’s...
Editor’s Note: Keeping score
Jan 28 2007 // Although 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases are about notification...
Supreme Court Hears Insurers On Credit Notification Practices
Jan 18 2007 // Two large insurers have defended their decision not to tell customers about their less-than-perfect credit, as the Supreme Court debated the legal standard for finding the companies liable under federal law. During an hour...
Safeco Hosts Fourth Quarter Conference Call
Jan 9 2007 // Seattle-based Safeco will be hosting a live Internet broadcast of its regularly scheduled conference call to discuss fourth-quarter and year-end financial results on Tuesday, Jan. 30 at 11 a.m., EST. A live Webcast of the...
Safeco Estimates its Pacific Northwest Windstorm Losses at $20 Million
Jan 5 2007 // Seattle-based Safeco announced estimated after-tax catastrophe losses from the Pacific Northwest windstorm in Nov. and Dec. 2006 of $20 million, or $0.18 per diluted share. Pretax catastrophe losses from the storm are...
13 States File Briefs Against Credit Scoring in U.S. Supreme Court Case
Dec 27 2006 // Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other...
Safeco Appointment Creates Controversy
Dec 11 2006 // The Associated Press is reporting that the recent appointment of Juan Vargas to serve as Safeco’s vice president of external relations is creating controversy. “The appointment of the San Diego lawmaker to one...
Safeco lists on NYSE, hopes to grow by improving agent incentives
Dec 11 2006 // Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following its listing on the New...
