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SEATTLE, July 19 (UPI) -- The newly resigned head of Safeco, a Seattle property and casualty insurance firm, plans to run for the seat of U.S. Sen. Maria Cantwell, D-Wash.
News of Mike McGavick's candidacy comes on the heels of Friday's announcement by Dino Rossi, the 2004 Republican candidate for governor, that he won't challenge Cantwell.
McGavick, 47, has the backing of numerous state Republican leaders, many of whom hope a juggernaut of support for Slade Gorton's 1988 campaign manager and former Senate staff chief will discourage other credible Republicans from opposing him, the Seattle Post-Intelligencer reported.
McGavick resigned Monday, effective Aug. 31. He discussed leaving the company with his board for the last two months. McGavick has run Safeco since 2001 and is widely credited with the insurer's recent financial revival.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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SYDNEY, May 23 (UPI) --
Thales Australia has been tapped by ITT Exelis of the United States to supply minesweeping equipment for use on new South Korean navy vessels.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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