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Safeco replaced the Brooklyn Building with the 22-story Safeco Plaza (now UW Tower) building in 1973. It remains the tallest building in the city outside Downtown. [4] In January 1987, it sold its title insurance business to Chicago Title for $30.7 million cash and $46 million in a 7-year promissory note. [5]
State records show Safeco dropped 75 customers in Espada’s zip code and 955 customers across the Bay Area. While Safeco declined to comment on Espada’s case, the company cited the Bay Area’s ...
Liberty Mutual agreed to acquire all outstanding shares of Safeco for $68.25 per share, for a total transaction price of approximately $6.2 billion. The result of this activity was an increase in revenue from $6 billion to over $30 billion in twelve years.
SafeCo's parent company Liberty Mutual said in a statement that it couldn't comment on any individual policies but acknowledged “difficult but purposeful business decisions” in California.
Safeco bought American States, a property/casualty insurance business because Lincoln was primarily in life/health. However, LNC even sold a block of disability income business to MetLife in 1999, as it narrowed its focus. Lincoln moved its headquarters from Indiana to Philadelphia in 1999. [5]
Started in 1957, Symetra Financial began as a subsidiary of Safeco. [1] In 1967, the total amount of insurance in force for Symetra surpassed the $1 billion mark. By 1995, the total assets had grown to $10 billion. In 2004, Safeco sold its life insurance business to an investor group led by White Mountains Insurance Group and Berkshire Hathaway ...
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