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Topic: Safeco Corporation

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  Safeco Corporation - Open Encyclopedia   (Site not responding. Last check: 2007-11-07)
Safeco Corporation is a major US-American national insurance company.
Safeco was founded in Seattle, Washington in 1923 by Hawthorne K. Dent as the General Insurance Company of America, a property and casualty insurer, which name is still used by Safeco on some of its insurance products.
Corporate headquarters remain in the University District of Seattle.
www.open-encyclopedia.com /Safeco_Corporation   (283 words)

 Safeco Corporation - Wikipedia, the free encyclopedia
Safeco Corporation (NASDAQ: SAFC) is a major US-American national insurance company.
After the sale of its life insurance and investments businesses which were located in Redmond, Washington, the Safeco management team weighed consolidating its Redmond campus (1,300 employees) and University District campus (1,600 employees) to one location.
On April 6, 2005, CEO Mike McGavick announced that after months of study and thoughtful review, Safeco Corporate headquarters would be consolidated to the University District campus, where it has been since its earliest days.
en.wikipedia.org /wiki/Safeco_Corporation   (365 words)

 Seattle Mariners : Ballpark : Safeco Field History
Founded in 1923, Safeco shares a commitment with the Mariners to invest in and provide service to the communities where our customers, fans and employees live, work and raise their families.
Safeco has been a major sponsor of Mariners community relations projects including the annual Safeco Mariners Caravans and the Safeco Coaches Clinics.
Safeco Field features one of the most comprehensive scoreboard systems in Major League Baseball, including 11 electronic displays and an old-fashioned hand-operated scoreboard in left field.
seattle.mariners.mlb.com /NASApp/mlb/sea/ballpark/sea_ballpark_history.jsp   (1465 words)

 Safeco Corporation   (Site not responding. Last check: 2007-11-07)
Safeco was founded in Seattle Washington in 1923 by Hawthorne K. Dent as the Insurance Company of America a property and casualty insurer which name is used by Safeco on some of its products.
In 1997 SAFECO bought American States Financial Corporation as to expand beyond the West Coast.
Two years later SAFECO bought Bailey (Underwriting Agencies) Limited of London so as to better provide international In the economic downturn that followed these put a severe financial strain on the but restructuring has restored profitability.
www.freeglossary.com /Safeco_Corporation   (575 words)

 SAFECO Corporation at Great Insurance Jobs
Employees at SAFECO are empowered to make decisions and positively affect their area of responsibility.
SAFECO is committed to investing its time and financial resources to improve and enrich the communities we serve.
Additionally, SAFECO sponsors an annual United Way fundraising drive and is a strong supporter of organizations providing services in health, social and civic concerns, culture, and education.
www.greatinsurancejobs.com /employers/insurance/460   (436 words)

 US-Quotes- Safeco Corporation
Safeco's life and health businesses, including Safeco Life Insurance and First Safeco National Life Insurance Co. of New York, offer individual and group life and health insurance, pension and annuity products, benefit plan administration, personal investment and asset management, and mutual funds.
Safeco's ambition has been thwarted by continued underwriting losses (although losses have declined in 2002 and 2003, and the company swung to a net profit).
Safeco is also selling its trust unit to asset manager Mellon Financial.
www.us-quotes.com /safeco.htm   (338 words)

 KCTS/Seattle: The Public Network | KCTS Productions | Serious Money | Archive | #1029: Safeco, Elite Mutual Funds
Seattle, Washington-based Safeco Corp. (Nasdaq: SAFC) is a Fortune 500 company that provides insurance and related financial products to individuals and businesses.
With over $30 billion in assets, SAFECO is ranked as the 12th-largest property and casualty insurance carrier in the United States.
We also hear his assessment of his first year at Safeco, which has included 900 layoffs and restructuring charges, and how 2002 is taking shape with a new management team.
www.kcts.org /productions/seriousmoney/archive/episode_166.htm   (200 words)

 Safeco Corporation Selects SunGard for Trading and risk Support in Asset Management
Henning Hasle, vice president in charge of risk management for SAFECO said Panorama was selected primarily to increase the sophistication of its financial risk management and achieve an aggregate company-wide picture of risk.
SAFECO also needed a system that would enable it to calculate the fair market value of all its traded derivatives for reporting purposes.
SAFECO's insurance subsidiaries engage in both property and casualty insurance and life and health insurance.
www.sungard.com /journalists/global/safecocorporationselectssungardfortradingandrisksupportinassetmanagement.htm   (609 words)

 AFECO Corporation Jobs - Employment Opportunities at Monster.com   (Site not responding. Last check: 2007-11-07)
Safeco believes it is just as important for employees, as well as our customers, to plan for their financial future.
Safeco's tradition of giving back to the community has for decades been part of how the company defines itself.
During tough times and good, Safeco contributes 2 percent of pre-tax operating income to the communities in which it operates.
company.monster.com /saf   (436 words)

 Safeco - Personal & Business Insurance, Get Online Auto Insurance Quotes
Safeco Insurance for auto, home, and other personal insurance needs.
Safeco Insurance for small and mid-sized businesses, risk services, and surety bonds.
Safeco, the Safeco logo, and Uncomplicate are registered trademarks of Safeco Corporation
www.safeco.com   (63 words)

 Safeco Corporation -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-11-07)
Safeco Corporation is a major (Click link for more info and facts about US-American) US-American national (Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company) insurance company.
Two years later SAFECO bought R.F. Bailey (Underwriting Agencies) Limited of (The capital and largest city of England; located on the Thames in southeastern England; financial and industrial and cultural center) London so as to better provide international services.
On April 6, 2005, CEO (Click link for more info and facts about Mike McGavick) Mike McGavick announced that after months of study and thoughtful review, Safeco Corporate headquarters would be consolidated to the (Click link for more info and facts about University District) University District campus, where it has been since its earliest days.
www.absoluteastronomy.com /encyclopedia/s/sa/safeco_corporation.htm   (340 words)

 NeighborWorks® - Newsroom - Press Release - February 26, 2002
SAFECO has committed $75,000 for the first year of a three-year investment cycle to support the program.
"Neighborhood Reinvestment is thrilled to welcome SAFECO Insurance Company as a new national partner in the effort to provide the financial literacy training that families need to achieve and maintain their place in the economic mainstream of American life," said Ellen Lazar, executive director of Neighborhood Reinvestment Corporation.
SAFECO is committed to helping people understand the financial issues that affect their lives and futures, and has established financial education, neighborhood support, and community leadership among its funding priorities.
www.nw.org /network/newsroom/pressReleases/022602.asp   (547 words)

 SAFECO Auto Insurance Texas-Quick Quote & Apply Online for auto insurance, car insurance, Term Life Austin TX, Tx, tx
If you are at least 50 years of age and have been insured with SAFECO for a minimum of three consecutive years, or have earned SAFECO's 9-year accident-free credit (regardless of age), you may be eligible for guaranteed lifetime personal insurance coverage.
SAFECO Corporation is a Fortune 500 company delivering insurance and investment solutions to customers from coast to coast.
In 2000, SAFECO Life Insurance Company was one of only three companies to receive the American Council of Life Insurers (ACLI) inaugural "Integrity First" award.
aig.home.texas.net /safecoautonew.html   (357 words)

 SAFECO Corporation   (Site not responding. Last check: 2007-11-07)
While Safeco has no formal governance policy, aspects of their practices are described in the by-laws.
The information presented on The Corporate Library website is believed to be reliable but cannot be warranted or guaranteed as to accuracy, completeness, timeliness or in any other way.
Information presented on the The Corporate Library website is provided for your personal use only and may not be reproduced or retransmitted in any way without the express written consent of The Corporate Library LLC nor used for any unlawful purpose.
www.thecorporatelibrary.com /ceos/LinkDetail.asp?Company_ID=10396   (209 words)

 Ballparks of Baseball-Safeco Field-Seattle Mariners
Safeco Corporation bought the naming to the ballpark in 1997, thus giving its name Safeco Field.
Safeco Field's retractable roof enables fans to stay dry during the rainy days of the season.
Since its opening Safeco Field has become a pitchers park and the team has had success in winning many games.
www.ballparksofbaseball.com /al/Safeco%20Field.htm   (493 words)

 Business Wire: SAFECO Corporation Enters Groundbreaking Marketing Alliance; Agrees to Take Equity Position in Concur ...
SAFECO also announced it has agreed to make an investment in Concur Technologies and, after its investment, will occupy a seat on the company's board of directors.
SAFECO will be the exclusive supplier of insurance and business equipment lending offered to businesses through the Concur Business Advantage commerce network.
SAFECO and its more than 17,000 independent agents and investment advisors provide premier insurance and financial services through a variety of channels, including the Internet, to individual and business customers.
www.findarticles.com /p/articles/mi_m0EIN/is_2000_Feb_23/ai_59611356   (661 words)

 NIC News and Events   (Site not responding. Last check: 2007-11-07)
Mike McGavick, the chief executive officer, president and chairman of the board for SAFECO Corporation has been selected to be the featured speaker at the sixth annual Human Rights Banquet in Coeur d'Alene on March 27.
Prior to coming to SAFECO, McGavick held several executive positions with Chicago-based CNA Financial Corporation and was a partner with the Gallatin Group, founded by former Idaho governor Cecil Andrus.
SAFECO is currently working on a corporate-wide comprehensive diversity program that is designed to acknowledge the infinite variety of human qualities that are found in the workplace and in society.
www.nic.edu /news/releases/details.asp?ID=144   (372 words)

 Leadership Banquet 2004 • McGavick Bio
Under his leadership, Safeco has taken aggressive actions to improve the performance of its core business lines, strengthen its balance sheet and reduce expenses while investing in training and new technologies.
Safeco has also sharpened its focus by selling its Life and Investments division and returning to its roots as a Property and Casualty insurance company.
His early career was spent in public affairs, where he held a number of high-profile positions, including chief of staff for U.S. Senator Slade Gordon.
depts.washington.edu /bschool/banquet/mcgavick_bio.shtml   (126 words)

 Safeco Corporation - Company Profile - Insurance Business Review
That period aside, the company's trademark discipline can be easily measured: Safeco's combined ratio (the percentage of each premium dollar spent on claims and expenses) in the first three years of a softening market in each of the three previous cycle downturns has averaged 99%, compared with the industry's 105%.
If you were insured by Safeco and your house or business was hit by more than one storm, you did not have to pay another deductible for the additional events.
Our decision to waive the deductible, based on the idea that people had not had the opportunity to repair or prepare for the second (and third and fourth) event, reveals exactly the kind of company we are.
www.insurance-business-review.com /companyprofile.asp?guid=3CD8BBA0-7D43-414E-9DC8-CB6E299B47AA   (2144 words)

 Washington Courts
Cupp received the Safeco policy as his separate property, although he also was ordered to maintain $200,000 of life insurance for Katia and Karina.
Roberts reported Cupp's death to Safeco Life and requested a 'call back to advise whom {sic} the beneficiary is.'2 Roberts did not mention the change form to either Gietzen or Safeco.
Gietzen submitted it to Safeco, which did not dispute it.3 On November 6, 2000, Gietzen told Roberts that she had found the change form among Cupp's papers.
www.courts.wa.gov /opinions?fa=opinions.opindisp&docid=308266MAJ   (1573 words)

 Mellon to Acquire Safeco Trust Company
Safeco Trust Company team will join Mellon's existing Private Wealth Management office in Seattle and report to Northwest regional president John J. Cortis.
Safeco, in business since 1923, is a Fortune 500 company based in Seattle that sells insurance and investment products through independent agents, brokers and financial advisors nationwide.
Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources services and treasury services.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/04-12-2004/0002149542&EDATE=   (473 words)

 Safeco Insurance - Company Profile - Insurance Business Review
Safeco Insurance is the property and casualty subsidiary of Safeco Corporation.
As a subsidiary of Safeco Corporation, the company is the 15th largest property and casualty insurance provider in the US, serving over three million customers with around four-and-a-half million policies.
Safeco Insurance's operations are conducted through two distinct segments: personal and family insurance, and business insurance.
www.insurance-business-review.com /companyprofile.asp?guid=51E80B63-C099-47BA-B2D1-277B10FE1EB0&alpha=s   (291 words)

 SAFECO (SAFC) Information: Stock Profile, Address, and Executives
SAFECO Corporation owns operating subsidiaries in segments of insurance and other financially related businesses.
SAFECO's insurance subsidiaries engage in two principal lines: property and casualty, and life insurance.
SAFECO's property and casualty insurance operations is one of the largest in the United States.
www.investorwords.com /cgi-bin/stocksymbol.cgi?ticker=safc   (87 words)

 Comments of SAFECO Corporation on S7-49-02   (Site not responding. Last check: 2007-11-07)
On behalf of SAFECO Corporation, we are pleased to have this opportunity to comment on the Securities and Exchange Commission's proposed rules relating to the limitation of certain tax services that outside auditors may provide to their public company audit clients.
As a public company, SAFECO fully supports the Commission's most recent proposals regarding auditor independence.
While we support these initiatives, the Commission's statements in the proposed rules with respect to the auditor's provision of tax services creates an ambiguity that may be difficult to work through without additional guidance from the SEC.
www.sec.gov /rules/proposed/s74902/rmlevy1.htm   (337 words)

 Safeco Signs Definitive Agreement to Sell Life & Investments Operations   (Site not responding. Last check: 2007-11-07)
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 Inc.
Once these transactions are complete, Safeco intends to reduce the company's debt to pre-sale ratios and return the vast majority of the remaining proceeds to shareholders in the form of a special dividend, stock repurchase or a combination of the two.
Safeco also announced it will repurchase a limited amount of its common stock under an existing stock repurchase program.
www.insurancejournal.com /news/west/2004/03/15/40137.htm?print=1   (418 words)

 A.M. Best Comments on Safeco's Announcement to Sell Life Operations   (Site not responding. Last check: 2007-11-07)
However, Safeco Life will be challenged to establish a new brand, maintain its established positions in its core lines, revive existing and cultivate new distribution relationships as well as execute a move of over 1,200 employees to new offices within the next 12-18 months.
Safeco will utilize a portion of the proceeds to reduce holding company debt to maintain financial leverage at its current level--about 33 percent, including capital securities--which is reasonable for its ratings.
Safeco intends to return the vast majority of the remaining proceeds to shareholders in the form of a special dividend, stock repurchase or a combination of the two.
www.insurancejournal.com /news/west/2004/03/16/40157.htm   (606 words)

 Fitch Affirms SAFECO's Ratings
SAFECO's 2002 net income before net realized capital gains and losses was $248 million and SAFECO P/C's GAAP basis combined ratio for the year was 105.3 percent.
SAFECO P/C is among the 20 largest property/casualty groups in the U.S. and the company has strong market shares in personal auto and homeowners insurance and is a key product provider to independent insurance agents.
SAFECO Life is among the 50 largest life insurance groups and focuses on the group medical excess of loss market and 403(b) market.
www.claimsguides.com /news/west/2003/02/12/26170.htm   (662 words)

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