CATASTROPHES WILL IMPACT SAFECO'S SECOND QUARTER RESULTS.SEATTLE--(BUSINESS WIRE)--June 6, 1995--SAFECO Corp. today announced that it expects to incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. approximately $25 to $30 million in pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta losses from two hailstorms which occurred in the Dallas area during the last week in April and the first week in May. SAFECO, one of the largest diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment corporations in America, was founded in 1923. Its operations include property and casualty insurance, surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act. surety n. , life and health insurance, real estate investment and management, commercial credit and asset management. The company expects to release its second quarter earnings on July 24, 1995. CONTACT: SAFECO Corp., Seattle George Yonker, 206/545-5537 Rod Pierson, 206/545-6414 |
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