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 became 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 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.
The company's first headquarters was located 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.) The company also began to offer mutual funds
and commercial credit (though precursors to the SAFECO Funds had been
around since the 1930s)
SAFECO Home Insurance Says
SAFECO Insurance offers a variety of homeowners insurance coverage
options such as dwelling or property protection, personal liability
coverage, medical coverage, additional living expense coverage,
personal property insurance, and renters
insurance. SAFECO also offers a variety of discounts such as the
traditional multiple policy discount or the proximity discounts which
deducts from your premium if you live within a certain distance to a
fire station.
Contact SAFECO at:
SAFECO Insurance Company of America
1001 4th Avenue
Seattle, WA 98154
Telephone: (800) 332-3226
