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Safeco.


Safeco Corp. expects pretax pre·tax  
adj.
Existing before tax deductions: pretax income.

pretax adj [profit] → vor (Abzug der) Steuern 
 catastrophe losses of $195 million for the third quarter, with the bulk of claims arising from the impact of four hurricanes that hit Florida and the U.S. Southeast in August and September, the property and casualty insurer said.

All told, hurricanes Charley, Frances, Ivan and Jeanne are expected to produce $183 million of claims for Safeco, the company said. The total includes claims received through Oct. 11 and estimates of future claims, including the impact of more costly building materials Building materials used in the construction industry to create .

These categories of materials and products are used by and construction project managers to specify the materials and methods used for .
 and repairs because of the unusual demand, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Mike McGavick Michael S. "Mike" McGavick (born February 7, 1958 in Seattle, Washington) is a former American business executive and a graduate of the University of Washington.

McGavick was a Republican candidate for the US Senate seat held by Maria Cantwell in the 2006 election, but
, Safeco's chairman and chief executive officer.
COPYRIGHT 2004 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Other Companies
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2004
Words:102
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