Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Estimates 3Q Catastrophe Losses
Oct 12 2004 // Seattle-based Safeco announced that its aggregate pretax catastrophe losses for the third quarter are estimated at $195 million. The estimated effect on third-quarter net income is $127 million after tax, or $0.96 per...
SAFECO ESTIMATES LOSSES FROM HURRICANE FRANCES:
Oct 11 2004 // Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. This figure represents the estimated losses both from claims received through Sept. 20, 2004...
People & Places
Oct 11 2004 // Mike Barron Texas Mutual Insurance Company announced that Mike Barron is the company’s new senior vice president of financial services. Barron is a certified public accountant with over 30 years of experience in...
Safeco Announces New Leadership Structure
Sep 27 2004 // Seattle-based Safeco announced a new leadership structure for the company, reflecting its evolution from a turnaround concern to a profit-and-growth enterprise. The cornerstone of the structure is the newly created...
Safeco Estimates Losses from Hurricane Frances
Sep 20 2004 // Seattle-based Safeco announced that its pretax catastrophe losses stemming from Hurricane Frances are estimated at $28 million. This figure represents the estimated losses both from claims received through Sept. 20, 2004...
Safeco Team Deployed for Hurricane Ivan
Sep 16 2004 // Seattle-based Safeco’s National Catastrophe Team is deploying additional claims professionals to Alabama and surrounding states to aide customers recovering from Hurricane Ivan. Safeco claims professionals are...
Safeco Affirmed
Sep 6 2004 // A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of Seattle-based Safeco Ins. Cos. Concurrently, Best also affirmed the “bbb+” rating on Safeco’s existing senior debt...
Safeco Estimates Losses From Hurricane Charley
Aug 25 2004 // Seattle-based Safeco announced that claims stemming from Hurricane Charley are estimated at $45 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Aug. 24,...
Safeco Affirmed
Aug 23 2004 // A.M. Best Co. affirmed the financial strength rating of “A” (Excellent) of Safeco Ins. Cos. based in Seattle, Wash. Best also affirmed the “bbb+” rating on Safeco’s existing senior debt and...
Safeco Launches Boat Center
Aug 4 2004 // With boating season in full swing, Seattle-based Safeco announced the launch of a new specialized claims unit dedicated to handling boaters’ insurance claims. The National Boat Unit, located in Spokane, Wash., is...
A.M. Best Affirms FSR, Debt Ratings of Safeco
Aug 3 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seattle-based Safeco Insurance Companies. Concurrently, A.M. Best has also affirmed the “bbb+” rating on Safeco’s existing...
Safeco Increases Dividend to Shareholders
Aug 2 2004 // Seattle-based Safeco’s Board of Directors announced an increase to the company’s quarterly dividend. The Board declared a regular quarterly dividend of $0.22 per share, payable on Oct. 25, 2004 to shareholders...
Webcetera Delivers “Real Time” Auto Insurance Quotes for Safeco and Independent Insurance Distributors
Jul 29 2004 // Independent insurance distributors in seven western states now can get accurate Safeco Auto and Home quotes without leaving their EZLynx Web portal (www.ezlynx.com). In insurance industry parlance, this is...
Safeco Posts Strong Profits in All Major P/C Segments
Jul 20 2004 // Seattle-based Safeco announced strong second-quarter results, reflecting the company’s solid underwriting and the competitive strength of its automated sales platform. In addition, weather-related catastrophe losses...
Profit at Insurer Safeco Zooms on Higher Premiums
Apr 21 2004 // Safeco Corp. said April 20 that its first-quarter profit more than doubled from a year ago, as premiums rose in its property-casualty insurance operations. The Seattle-based insurer reported net income of $236.2 million,...
Safeco Launches New Online Sales Platform
Apr 8 2004 // Safeco has launched Safeco Now for P/C insurance. Safeco Now is an online sales platform that integrates personal and small-commercial insurance products, reportedly saving independent distributors time and driving...
SAFECO SIGNS DEFINITIVE AGREEMENT TO SELL LIFE & INVESTMENTS OPERATIONS:
Apr 5 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 Settles Suit, May Face $3 million in Claims
Apr 2 2004 // Safeco auto insurance customers who were injured by uninsured or underinsured motorists or who filed medical claims during the last eight years may be able to collect additional compensation under a court settlement...
Hub Moves West, Acquires Safeco Subsidiaries
Mar 16 2004 // In a move it expects will bring in an additional $100 million in annual revenue, Chicago-based brokerage Hub International Ltd. has signed a definitive agreement to invest in a corporation formed by a senior management...
A.M. Best Comments on Safeco’s Announcement to Sell Life Operations
Mar 16 2004 // A.M. Best Co. has commented that the group financial strength rating of A (Excellent) of Redmond, Wash.-based Safeco Life Insurance Company and its life/health subsidiaries (collectively referred to as Safeco Life) remains...
