| Safeco s Neal Fuller to Present at JPMorgan Insurance Conference
24/03/2008 17:57:00 Business Wire Neal Fuller, senior vice president-finance and treasurer for Safeco (NYSE:SAF), will present at the JPMorgan Insurance Conference in New York City on Thursday, March 27 at 3:15 p.m., Eastern Time (12:15 p.m., Pacific Time).
A live Webcast of the presentation will be available on Safeco s Web site (www.safeco.com/irwebcast).
Forward-looking information - including predictive information about Safeco s future performance and results - may be discussed during the presentation.
Safeco, in business since 1923, is a Fortune 500 property and casualty insurance company based in Seattle.
The company sells insurance to drivers, home owners, and owners of small- and mid-sized businesses principally through a national network of independent agents and brokers.
Affordable housing projects in region win funding
The Federal Home Loan Bank of Atlanta will award more than $3 million to help developers fund affordable housing units in Maryland and Washington, D.C. The funding comes from the Federal Home Loan Bank's 2007 Affordable Housing Program, which totals $50 million to create or preserve more than 6,000 affordable housing units in states the bank serves. In Maryland, local developers working in partnership with FHLB member banks will receive grants ranging from $100,000 to $500,000 to help fund affordable housing in Baltimore, Cambridge, Catonsville and Princess Anne. Projects in Greater Baltimore that will receive funding from the program include: East Baltimore Good Neighbor Initiative Phase I, funded by Bradford Bank and sponsored by Chesapeake Habitat for Humanity of Baltimore, will receive $300,000 for 30 housing units.
Higher insurance costs forecast
All around Australia people have spent the summer taking cover from hailstorms, rain and floods. Now they must brace themselves for another storm. The cost of home and contents and car insurance premiums are going up as insurers try to recoup the high cost of claims for storm damage. General insurers have faced some big claims for storm and flood damage. In the six months to December, storms on New Zealand's North Island led to $54 million worth of claims, storms around Lismore in northern NSW in October cost $130 million in claims, the Gisborne earthquake in New Zealand in December cost $31 million and the western Sydney hailstorm in December cost $400 million. Insurers have issued statements during the past couple of months saying they will review premium pricing for home and motor policies.
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