Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
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...
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...
