Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount
Jul 24 2020 // Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging its policyholders during the pandemic. A lawsuit filed in federal...
Berkshire Discloses Q1 Insurance Results; Buffett Talks Coronavirus Impact
May 4 2020 // Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million...
Some Auto Insurer Premium Discounts Should Be Bigger, Consumer Groups Say
May 4 2020 // Two consumer groups said on April 23 that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...
Some Auto Insurer Premium Discounts Should Be Bigger, Say Consumer Groups
Apr 24 2020 // Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State...
GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses
Apr 7 2020 // More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis. Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15...
Buffett Says Combs Likely to Head GEICO Only Temporarily
Feb 24 2020 // Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long. Buffett’s Berkshire Hathaway Inc. tapped Combs in December to become chief executive officer of...
Berkshire Hathaway P/C Insurance Profit Down in 2019
Feb 24 2020 // Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations...
Court: Insurer GEICO Must Pay Injured Kansas Man for Care Provided by Wife
Jan 24 2020 // An insurance company must reimburse a Kansas man for the personal care his wife provided after he was injured in an automobile accident, the state Supreme Court ruled in rejecting that spouses are required to provide such...
Washington Mom, Son Charged in Attempted Auto Insurance Fraud
Jan 14 2020 // Three people were charged in King County Superior Court in connection to two separate auto insurance fraud cases after investigations by Washington Insurance Commissioner Mike Kreidler’s Criminal Investigations...
GEICO CEO Roberts to Retire End of 2020; Berkshire Hathaway’s Combs to Succeed
Dec 23 2019 // Bill Roberts, GEICO’s president and chief executive officer, has announced that he will retire in December 2020 after 35 years with the insurer. Replacing Roberts as CEO will be Todd Combs, one of Berkshire...
When Insurance Companies Fail at the Promise
Aug 28 2019 // I read an article last week about the intersection of gig work, an innocent injured party, insurance, and big business. Let me summarize the best I can. A driver is in traffic and is suddenly hit by another driver, who was...
Berkshire Hathaway’s Insurance Underwriting Profit Fell in Q2
Aug 5 2019 // Giant conglomerate Berkshire Hathaway saw its total insurance underwriting profit in the second quarter fall 63% to $353 million from $943 million in the second quarter of last year. Compared to the same period last year,...
GEICO Gets Progressive, Joins Auto Insurers Offering Telematics
Aug 5 2019 // Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway’s GEICO has been one of the few...
State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs
Jun 19 2019 // The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip...
GEICO Helps Boost Berkshire Hathaway’s Q1 Profit
May 7 2019 // Berkshire Hathaway Inc. on Saturday said gains in its stock investments were behind its good first-quarter profit. Better results from its GEICO auto insurer and BNSF railroad units boosted operating results. The...
Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance
May 7 2019 // Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the electric car maker could offer a more compelling insurance product than traditional...
Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
GEICO’s Nicely Quietly Retired as CEO; Roberts at Helm
Feb 25 2019 // Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.’s GEICO insurance unit. The letter also offered some perhaps surprising news:...
Florida Deputy Arrested for Filing False Auto Claim with GEICO
Feb 25 2019 // A deputy with the sheriff’s office in Orange County, Fla., has been arrested after he allegedly filed a false and fraudulent automobile insurance claim with GEICO Insurance Co., according to a statement from the...
