SAFECO, Answer Financial to Partner

May 30, 2002

Seattle-based SAFECO will provide automobile, home and other property and casualty policies through the Internet and call center platforms of Answer Financial Inc. and its subsidiary, Insurance Answer Center Inc.

SAFECO joins a select group of property and casualty (P&C) companies featured by Answer Financial, with Web sites that include www.answerfinancial.com and www.answercenter.com.

“SAFECO is a leader and innovator in many areas, especially in personal lines of insurance,” Alan C. Snyder, president and CEO of Answer Financial, commented. “We are exceptionally proud to have SAFECO offer several of its products through our platform, which reaches more than 15 million members, as well as customers of third party institutions that have chosen Answer to act as the backbone of their insurance offerings.”

Nancy Carlson, vice president of distribution marketing and operations for SAFECO, remarked that “Answer Financial has grown dramatically in recent years and has a very desirable customer base for our policies. We see the employee and affinity marketplaces as key growth areas for our products in these and possibly other lines of insurance.”

Topics Mergers & Acquisitions Property Casualty

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