Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
Geico Must Pay $23M to Southern California Motorist
Apr 19 2018 // A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim. The injured driver, Omar...
Washington Commissioner Fines GEICO $30K for Raising Premiums on People Who Froze Credit Scores
Apr 4 2018 // Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations. The biggest fine was $30,000 against GEICO...
GEICO to Comply with New York Reg Banning Discriminatory Auto Insurance Rates
Mar 14 2018 // A third major automobile insurance company in the New York market has reached agreement with the New York Department of Financial Services (DFS) in compliance with the department’s final regulation prohibiting...
GEICO Names McKenzie VP of Southeast Regional Operations
Mar 14 2018 // The GEICO board of directors has named Gary McKenzie regional vice president of the company’s Macon, Ga., Southeast operations, which manages policies for customers in seven states. He previously served as assistant...
Geico Adding Nearly 1,500 Jobs in Carmel, Indiana
Mar 1 2018 // Insurance giant Geico says it will expand its operations in Carmel, Indiana, creating close to 1,500 jobs within five years. The Washington, D.C.-based company will invest more than $16 million to add an additional 104,000...
Mississippi Woman Arrested Over Attempt to Defraud Geico
Oct 18 2017 // A Mississippi woman accused of attempting to defraud an insurance company out of thousands of dollars has been arrested. News outlets report 30-year-old Kyomi M. Fulton, of Fayette, was arrested Oct. 11 and charged with...
P/C Direct Premium Written Up 4.5 Percent
Sep 18 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
How Advertising Spend, Underwriting Results Relate to Auto Insurers’ New Business Yield: J.D. Power
Jun 19 2017 // Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the J.D. Power 2017 U.S. Insurance Shopping Study. We define new business yield rates as the proportion of...
Rideshare Drivers Take ‘Huge Risk’ with Personal Auto Coverage: GEICO
Apr 17 2017 // You are a driver for a transportation network company and then the unfortunate happens. Someone sideswipes your vehicle. In the chaotic moments after the accident, a question about your personal auto insurance coverage...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
GEICO Expands Ridesharing Product to 10 Additional States
Oct 10 2016 // GEICO has just introduced its ridesharing product to 10 more states – Alabama, Idaho, Kansas, Delaware, Maine, Tennessee, Wisconsin, Minnesota, Missouri and North Dakota – in addition to the product being offered in 24...
Supreme Court Denies GEICO Appeal on Claims Investigators’ Overtime Pay
Oct 3 2016 // The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co.’s appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators after the...
NAIC Dignitaries Remember Former California Commissioner Kinder
Sep 19 2016 // Wesley J. KinderOn a recent morning at the National Association of Insurance Commissioners meeting in San Diego, Calif., a group of people with impressive credentials gathered to pay tribute a man they held in high...
NAIC Dignitaries Remember Former California Commissioner Kinder
Sep 2 2016 // On a recent morning at the National Association of Insurance Commissioners meeting in San Diego, Calif., a group of people with impressive credentials gathered to pay tribute a man they held in high regard. Wesley J....
People – East
Aug 22 2016 // The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance firms, has announced the September resignation of Andrew S. Robinson, executive vice president and...
GEICO Set to Expand Western New York Operations, Add 600 Jobs
Aug 11 2016 // GEICO is planning to expand its regional operations office in Western N.Y. in a move that it expects will bring more than 600 new jobs to the region, the company announced. The firm is set to open an additional facility in...
Improved Insurance Results Boost Berkshire Hathaway Q2
Aug 8 2016 // Berkshire Hathaway Inc. on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp., Warren Buffett’s...
Pham Named GEICO VP for Virginia, North Carolina
Jul 1 2016 // GEICO has named John Pham vice president of its regional operations in Virginia Beach. Pham will oversee all business functions for Virginia and North Carolina insureds, as well as GEICO’s military, motorcycle and...
GEICO Files RICO Lawsuit in Florida Over Alleged Fraudulent Claims
Jul 1 2016 // GEICO has sued five Florida companies and six known individuals engaged in what it said was a complex scheme to submit hundreds of suspected fraudulent glass repair bills for payment. In the case, Government Employees...
