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Late yesterday, Seattle-based Safeco announced that Chief Executive Office Mike McGavick will leave his post, effective Aug. 31, to turn to a life of public service.

Although neither Mr. McGavick nor Safeco specifically addressed the rumor that Mr. McGavick will make a run for the U.S. Senate in official announcements or during an earnings conference call, the Seattle Times reported yesterday–and earlier this year==that the CEO is the top Republican contender in the state.

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