Safeco said today it may cut auto insurance rates as the company management visited New York to mark the insurer's move from the NASDAQ to the New York Stock Exchange by ringing the NYSE's opening bell.
Paula Rosput Reynolds, president and chief executive officer of the Seattle-based company, was among those on hand to kick off trading and celebrate a transition to the NYSE that was first announced Sept. 27. The company's new trading symbol is “SAF.”
During an analyst's conference call held later today, Ms. Reynolds, along with other executives from the company, discussed Safeco's current state and its plans to improve its performance in the future.
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