Michael LaRocco has been named president and chief operating officer of Seattle-based Safeco Insurance Companies, the company said, a position which had been eliminated several years ago.
A 27-year insurance veteran, Mr. LaRocco started his career at Progressive and later held executive positions at GEICO. He joined Safeco in 2001 to lead the company's personal lines enterprise.
In his expanded role, Mr. LaRocco will bring together the company's property-casualty operations and have profit-and-loss responsibility for all of Safeco's product lines, including product development, underwriting, claims, service, sales, distribution and market research, the carrier said.
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