Safeco To Cut Rates in Oregon

Seattle-based Safeco announced it is cutting homeowners insurance rates in Oregon by as much as 17.3 percent, with the amount of the decrease varying by location.

According to the company, the rate reduction stems from seeing improvements in both the number of claims and its success in reducing expenses. The company said it recently overhauled its underwriting and pricing models.

For more information, visit www.safeco.com/.

Source: Safeco