Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
Florida Court: GEICO on Hook for $100,000 in Additional Attorney Fees
Feb 26 2015 // A Florida court has ruled that one of the state’s largest automobile insurers must pay over $100,000 in attorney fees under the “additional payments” provision of its liability coverage. The Florida Fifth...
California Consumer Group Seeks Enforcement Action Against Geico
Feb 13 2015 // The Consumer Federation of California is alleging that Geico Insurance Co. illegally quotes higher minimum automobile coverage levels than permitted under state law to unmarried, lower or moderate-income motorists The...
Gilbert Suarez to Lead GEICO Office in Miami Metro Area
Feb 13 2015 // GEICO has opened a new local office in North Miami that will be headed by Gilbert Suarez and a team of five licensed agents at the location. Suarez and his staff, made up of agents Diana Suarez, Armando Amador, Milena...
Geico Goes End-to-End with Virginia Ridesharing Product
Feb 5 2015 // In a continuation of the encouraging trend of personal insurers embracing innovation as a way to deal with the increased popularity of “sharing economy” services, auto insurance giant Geico has announced it...
Geico Wants to Expand Ridesharing Policy Offer: CEO Nicely
Feb 5 2015 // Giant auto insurer Geico plans to roll out its new ridesharing insurance policy across the country, according to the company’s CEO. “We want to insure Uber drivers,” Geico CEO Tony Nicely told Liz...
GEICO Launches Ridesharing Coverage in Virginia
Feb 4 2015 // GEICO has rolled out a new product to meet the insurance coverage needs of ridesharing drivers in Virginia. The product, available now to new and existing customers, covers drivers that Uber (UberX and UberXL), Lyft,...
Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL
Jan 12 2015 // Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The...
Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL
Dec 19 2014 // Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The...
Spending on Agents Always Beats Spending on Ads
Nov 3 2014 // A recent research report published by Cliff Gallant and Matthew Rohrmann of Nomura Equity Research concludes that spending on advertising beats spending on insurance agents. Once again Wall Street gets it wrong! Their...
GEICO Lowers Commercial Auto Rates in Virginia
Aug 19 2014 // GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses. Small business owners in particular need...
Berkshire Profit Soars; Geico, Gen Re Profits Up
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Progressive Boosts Ad Spending But GEICO Still #1: SNL
Jul 3 2014 // Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, according to an analysis...
GEICO Appoints 5 to Officer Posts Across Country
Jul 2 2014 // GEICO has announced a number of officer appointments: Michelle Trindade, vice president of the competitive advantage leadership group at the company’s corporate offices in Chevy Chase, Maryland, Kevin Kawa, assistant...
Best Affirms GEICO and GEICO Corp. Members Ratings; Outlooks Stable
Jun 13 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy...
Geico to Hire 350 Additional Workers for Virginia Office
Jun 6 2014 // Geico plans to hire 350 additional workers at its regional office in Stafford County, Virginia, by the end of the year. The Free Lance-Star reports that Geico officials announced the expansion Wednesday during a...
Mass. Fines GEICO for Accident Report Inconsistencies
May 19 2014 // The Massachusetts Division of Insurance (DOI) announced on May 1 it reached an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state...
GEICO Making Gains Across the Country: SNL Financial
May 5 2014 // GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers. According to a report by SNL Financial, GEICO’s direct personal...
Massachusetts Fines GEICO $275K for Accident Reporting Inconsistencies
May 2 2014 // Massachusetts Insurance Commissioner Joseph Murphy announced Thursday an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state agencies...
Geico to Add 500 Jobs in Georgia
Apr 21 2014 // 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...
Group Urges New York DFS to Review Auto Insurers’ Rate-Setting Practices
Apr 7 2014 // A consumer advocacy group said its analysis shows some of New York State’s largest auto insurers are charging higher premiums to motorists who have less education and non-professional, non-managerial jobs. The New...
