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Another one goes away

So the Northwest loses another of its major businesses: SafeCo, apparently about to be bought out by Liberty Mutual Group of Boston. SafeCo has been a major regional player; to the point that a former top executive of it, Mike McGavick, was a U.S. Senate candidate from Washington last cycle.

The SafeCo name is supposed to remain the same, and the cutbacks could be smaller than in some other cases because its major segments of business within the insurance do seem more to complement than overlap with Liberty’s. (There will almost certainly be some cutbacks around Seattle, of course.) Still. If it feels like a cut to the Northwest, that’s because, most likely it is.

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