GEICO News

Geico to Add 500 Jobs in Georgia

A national insurance company has announced plans to create new jobs in middle Georgia. The Telegraph of Macon reported that Geico is planning to add more than 500 new positions to its Macon office by the end of the year. …

GEICO’s Advertising Spending Slows But Still Tops $1 Billion: SNL

After two years of double-digit percentage increases in advertising spending, GEICO Corp. boosted its ad spend by just over five percent in 2013, according to research by  SNL Financial. GEICO, with its Gecko and Maxwell the pig mascots, has been …

Insurance Units’ Profits Drive Berkshire Hathaway

Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with an underwriting profit for the Nebraska-based conglomerate. …

GEICO Appoints Assistant VP in Georgia

Chevy Chase, Md.-based auto insurance giant GEICO announced Lona Montgomery has been named assistant vice president of centralized services in the company’s Macon, Ga., regional office. Montgomery previously served as director of sales and service in the company’s Coralville, Iowa, …

GEICO to Hire 725 New Associates in Fredericksburg, Va., Office

Chevy Chase, Md.-based auto insurance giant GEICO announced Thursday that to keep up with its strong policyholder growth, its regional office in Fredericksburg, Va., plans to hire more than 725 new associates for growth and replacement in 2014. The GEICO …

Hike in Auto Insurance Rates Expected in Illinois

Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising about 3.2 percent in late …

GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL

Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums written during the third quarter of 2013, while …

Insurer Geico Plans to Add Up to 1,000 Texas Jobs

The insurance company Geico plans to open a claims center in suburban Houston that will employ up to 1,000 people. The company announced that the positions will range from entry-level to what Geico describes as “fast-track management” jobs. The Houston …

Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico

Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp. Esurance started underwriting homeowners coverage in Wisconsin and plans …

GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate

Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that GEICO has overtaken Allstate to become the …