SafeCo News

Property and casualty insurance provider Safeco Corp. (SAF) agreed on Apr. 23 to be acquired by Liberty Mutual Group in a deal valued at $6.2 billion. Safeco shareholders would receive $68.25 per share for each share held, a nearly 51% premium to Safecos closing price of $45.23 on Apr. 22. News of the proposed acquisition lit a charge under Safeco shares, pushing them up 46% to $65.94 on Apr. 23. The acquisition would make Boston-based Liberty Mutual the fifth-largest property and casualty i...

Safeco Insurance (NYSE: SAF) today announced the availability of Manage-Your-Move.com, an online tool offering consumers a simple and cost-effective solution to moving. Experts say moving to a new home can be among the most stressful and financially burdensome events for families in the United States. Manage-Your-Move.com collaborates with highly-regarded vendors to conveniently assemble in one location all the resources needed to make a successful move, simplifying the entire moving process i...

SEATTLE, May 4 /PRNewswire/ -- Safeco Insurance today announced enhancements to its commercial auto policy with coverages and features not available on standard auto policies. (Logo: http://www.newscom.com/cgi-bin/prnh/20030428/SFM037LOGO ) "This is a dramatic improvement that provides even more value for our very busy commercial customers," said Eric Neely, Assistant Vice President for Safeco Business Insurance. "It creates a 'worry-free' product at no additional cost. We think it's one of ...

SEATTLE, Nov. 16 /PRNewswire/ -- Safeco announced today it is cutting auto insurance rates in Colorado by as much as 21 percent, with the average Colorado customer experiencing a 4.8 percent decrease. Since July 2004, Safeco has taken rates down more than 17 percent. (Logo: http://www.newscom.com/cgi-bin/prnh/20030428/SFM037LOGO ) Safeco reduced rates after seeing reduced claims activity among Colorado customers, including fewer bodily injury, medical payment and collision claims. "We mana...

SEATTLE, July 20 /PRNewswire-FirstCall/ -- Safeco , a leading provider of personal auto insurance to more than 3.2 million drivers nationwide, announced today it is introducing a redesigned auto policy aimed at better fitting customers' lives. (Logo: http://www.newscom.com/cgi-bin/prnh/20030428/SFM037LOGO ) The new Safeco Auto Policy* is a simple, straightforward offering that covers the needs of today's typical drivers -- including coverage of manufacturer-installed audio/video equipment an...

SEATTLE, May 23 /PRNewswire-FirstCall/ -- Safeco has named Richard Kelly as the company's new chief investment officer, effective today.Most recently, Kelly served as chief investment officer for Main Street America Group -- a group of insurance companies with headquarters in Florida and New Hampshire.At Safeco, Kelly will lead the team responsible for managing the company's $10 billion investment portfolio.....We are unable to display this entire news item because this article's licensing exp...