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Safeco Car Insurance
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By Insure.com
Last updated July 10, 2009 |
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About Safeco Insurance Company
In 1923, insurance executive Hawthorne K. Dent had a vision to
pioneer a whole new approach to insurance. Dent's vision combined
the financial stability of an investor-owned stock company with the
preferred-risk underwriting and lower prices of a mutual or
policy-owned company. In September 2008, Safeco became part of
Liberty Mutual Group. With the addition of Safeco, Liberty Mutual Group
becomes the fifth largest property and casualty insurer in the U.S.,
with more than $32 billion in direct written premium based on 2007
results for both companies.
Wiki Says
Safeco Corporation was the 23rd largest American
national insurance company. It had naming rights to the Seattle
Mariners' baseball stadium, Safeco Field.
Safeco was founded in Seattle, Washington in 1923 by Hawthorne K. Dent
as the General Insurance Company of America, a property and casualty
insurer. This name is still used by Safeco on some of its insurance
products. Thirty years later, the company founded the Selective
Auto and Fire Ensurance Company of America, or SAFECO (i.e., S.A.F.E.
Co.).
General Insurance's first headquarters were in downtown Seattle at the
corner of University Street and Fourth Avenue. In 1936, it moved to the
eight-story Brooklyn Building at the corner of N.E. 45th Street and
Brooklyn Avenue N.E. in the University District.
General Insurance began to sell life insurance in 1957. Eleven years
later the corporate name changed from the General Insurance Company of
America to SAFECO Corporation. (The company would end up changing the
capitalization of its name from SAFECO to Safeco at the turn of the
century.) Around the same time the company began to offer mutual funds
and commercial credit (though precursors to the SAFECO Funds had been
around since the 1930s).
Safeco Car Insurance Says
A Safeco auto insurance policy can provide basic
protection for damage to your car, injuries and normal liability, as
well as extra protection for emergencies, repairs and personal
property. SAFECO offers a range of policy and options such as
Liability Coverage (Provides for damages caused by the insured),
Permissive User Coverage (A lended vehicle is in an accident), and
Around the Clock Claims Support (General questions and help hotline).
Contact Safeco Insurance Company at:
Safeco Insurance Company of America
1001 4th Avenue
Seattle, WA 98154
Telephone: (206) 545-5000
Sources: "SAFECO
page", Wikipedia.com, 2009; "Contact Us" Safeco web site, 2009;
"Our History", Safeco web site, 2009; "Understanding Your Auto
Coverage, 2009
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