Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
People – East
Apr 7 2014 // The MEMIC Group, a Portland, Maine-based workers’ compensation carrier, has announced the promotion of Eileen M. Fongemie and Deborah E. Lander. Fongemie has been named director of finance. In this capacity, she will...
GEICO’s Advertising Spending Slows But Still Tops $1 Billion: SNL
Mar 20 2014 // 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...
Insurance Units’ Profits Drive Berkshire Hathaway
Mar 3 2014 // 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...
GEICO Appoints Assistant VP in Georgia
Feb 27 2014 // 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...
GEICO to Hire 725 New Associates in Fredericksburg, Va., Office
Feb 20 2014 // 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...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL
Dec 16 2013 // 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...
Insurer Geico Plans to Add Up to 1,000 Texas Jobs
Dec 5 2013 // 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...
Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico
Nov 12 2013 // 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...
GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate
Oct 22 2013 // 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...
Allstate CEO Says GEICO Could Strugggle with Storefront Strategy
Sep 10 2013 // Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said competitor Geico could struggle to expand sales as it seeks to sell more policies at...
Jury Finds GEICO Must Cover Driver in Fatal Vermont Crash
Aug 23 2013 // A jury says an insurance company must honor the policy of a Vermont man who was convicted of murder in a drunken driving crash that killed a woman in 2010. The insurance company GEICO had filed a lawsuit in U.S. District...
GEICO Names Assistant VP of Claims Operation in Buffalo, N.Y.
Aug 20 2013 // David Hodge has been named assistant vice president of claims for auto insurer GEICO’s Buffalo, N.Y., regional office. Hodge previously served as the liability director of GEICO’s Virginia Beach, Va., regional...
Buffett Attends Opening of New Indiana Geico Insurance Center
Jul 23 2013 // Billionaire investor Warren Buffett joined in a ceremony that marked the opening of a new customer service center for the Geico insurance company in suburban Indianapolis that’s expected to have as many as 1,200...
People – Southeast
Jul 22 2013 // Following a six-year tenure as Citizens Property Insurance Corp.’s chief financial officer, Sharon Binnun has accepted a position in the private sector. Binnun is joining Cypress Property & Casualty Insurance...
GEICO Announces 2 Appointments in Buffalo, N.Y., Office
Jul 18 2013 // Auto insurance giant GEICO recently announced that Kirk La has been named assistant vice president of the GEICO Insurance Agency and Pionne Corbin will take over as assistant vice president of underwriting in GEICO’s...
GEICO Names Rayburn VP of Southeast Operations
Jul 15 2013 // Auto insurance giant GEICO promoted Rhett Rayburn to vice president of Southeast operations. He will be based in GEICO’s Macon, Ga., office. Prior to his new role, Rayburn was assistant vice president of claims...
GEICO to Host Job Fairs for Adjusters in Philadelphia, Pittsburgh Next Week
Jul 12 2013 // Auto insurer GEICO said it will host two job fairs for auto damage adjusters in Pennsylvania on July 16 and 18. On Tuesday, July 16, the first job fair will be held at Double Tree Hotel in Green Tree, located at 500...
GEICO Names Roberts President, Chief Operating Officer
Jul 1 2013 // Bill Roberts has been named president and chief operating officer of GEICO, the giant insurer said. Tony Nicely will continue to serve as chairman and chief executive officer. Bill RobertsGEICO President, COO Roberts had...
‘Mayhem’ Outspends ‘Good Neighbor’ in Advertising: SNL
Jul 1 2013 // Allstate’s “Mayhem” trumped State Farm Mutual’s the “Good Neighbor” in advertising dollars in 2012. According to an analysis by SNL Financial, Allstate’s ad spend increased 14.8...
Best Affirms Ratings of the Members of GEICO and GEICO Corp.
Jun 17 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy...
