Seattle-based Safeco Insurance Cos., the eighth-largest writer of homeowners multiperil in California, said it intends to expand that line of business in the state, introducing rate reductions up to 30% for new home policies and providing identity theft coverage that includes the services of a case manager.Seattle-based SAFECO Safeco Corporation (NYSE: SAF) is a major American national insurance company. It has naming rights to the Seattle Mariners' baseball stadium, Safeco Field. Safeco was founded in Seattle, Washington in 1923 by Hawthorne K. INSURANCE COS., the eighth-largest writer of homeowners multiperil in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , said it intends to expand that line of business in the state, introducing rate reductions up to 30% for new home policies and providing identity theft coverage that includes the services of a case manager. Earlier this year, Safeco cut California homeowners insurance rates by an average 20% and launched homeowners, automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of and commercial product improvements, allowing policyholders to extend their coverages. The company said regional rate reductions would range between 5% and 38%. |
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