Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts
Feb 26 2024 // Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant conglomerate are over, readers focused on...
Court Says Bulk of GEICO’s $2.3 Million Fraud Case Belongs in Arbitration
Jan 5 2024 // Insurer GEICO has been dealt a setback in its efforts to get back $2.3 million in what it alleges were fraudulent medical and chiropractic service charges it paid to several clinics under New Jersey’s no-fault...
GEICO Charges New York Pharmacy, Medical Clinics With $3.7M in Prescription Fraud
Dec 12 2023 // Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault auto insurance system by submitting...
Judge Gives Early Nod to GEICO’s $5M Settlement in Georgia Class Action
Dec 8 2023 // GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem...
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time
Oct 20 2023 // In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow us to become more...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
Jun 30 2023 // Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, 2022. The settlement...
GEICO Suit Alleges $1.8M in Fraudulent Billings by New Jersey Healthcare Providers
Jun 30 2023 // Insurer GEICO is suing to recover more than $1.8 million in allegedly fraudulent and unlawful no-fault insurance charges it says it has paid to several New Jersey health centers since 2018. The charges were for a range of...
5th Circuit Clears Texas Class-Action Suit Against GEICO
May 19 2023 // GEICO must defend itself against a class-action lawsuit that alleges it failed to include the cost of sales taxes and purchasing fees when it paid total loss auto collision claims in Texas, depriving policyholders of...
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’
May 8 2023 // Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader of Berkshire’s insurance operations said the figure is not a...
Judge Clears Class-Action Suit Alleging Geico Underpaid Auto Claims
Apr 17 2023 // Geico General Insurance Co. must face a class action suit alleging it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in federal court in Eastern...
Geico Faces Class Action for Allegedly Underpaying Auto Claims
Mar 28 2023 // Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents. U.S. District Court Judge Dora L. Irizarry in federal court in...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S....
Berkshire Hathaway Reports First Underwriting Loss Since 2017, Drop in GEICO Staffing
Feb 27 2023 // Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost enough to counterbalance the deteriorating results from the...
Geico Saves $5.2M as Award to Woman Who Contracted STD in Car Is Overturned
Feb 6 2023 // Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she contracted a sexually transmitted disease in the car of a man who is insured by the company. The Missouri Supreme...
Geico Saves $5.2 Million as Award to Woman Who Contracted STD in Car Is Overturned
Jan 12 2023 // Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she contracted a sexually transmitted disease in the car of a man who is insured by the company. The Missouri Supreme...
GEICO, Location-Tech what3words Partner to Enhance Roadside Assistance
Dec 15 2022 // GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise...
Virginia Court Reverses, Rules for Single Limit in GEICO Uninsured/Underinsured Case
Dec 8 2022 // An auto insurance policy that includes coverage for both uninsured and underinsured motorists does not require the insurer to pay the policy limits twice, the Virginia Supreme Court ruled. The high court reversed a ruling...
Geico Faces California Class Action Claiming it Overcharged for Car Insurance
Nov 1 2022 // A federal judge on Monday said a lawsuit accusing Geico Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic may proceed as a class action. U.S. District Judge...
People Moves: GEICO’s Measley Joins Plymouth Rock; Burns & Wilcox Adds Chappie in Pittsburgh
Oct 21 2022 // Plymouth Rock Names GEICO’s Measley Chief Claims Officer Plymouth Rock Assurance Corp. has appointed Paul Measley as its chief claims officer. Measley joins Boston, Massachusetts-based Plymouth Rock from GEICO and is...
Reports: GEICO Closing All Offices in California
Aug 1 2022 // GEICO is closing all of its offices in California, according to reports. The company shut down all of its 38 offices in the state and hundreds of GEICO workers are being laid off, the news website SFGate is...
