Latest GEICO Headlines
All the headlines from our GEICO Topic Page, ordered by recency.
People – East
May 7 2012 // Marsh & McLennan Companies Inc. said Alexander Moczarski, CEO of Guy Carpenter, has assumed the additional role of chairman at Marsh & McLennan Companies International. Moczarski will continue to be based in New...
GEICO Appoints 2 Vice Presidents in New York Regional Offices
Apr 12 2012 // GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, appointed two vice presidents in New York regional offices. John Pham has been named vice president of GEICO’s Woodbury, N.Y.,...
Actuary Analyzes Insurance Twitter Messages, Wins Prize
Apr 11 2012 // Usually actuaries focus on insurance rates and loss reserves, not advertisements. But according to one actuary: Jake, the State Farm agent whom a jealous housewife was convinced was up to no good with her husband –...
Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You!
Mar 29 2012 // The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition from “upstarts” like the Allstate mayhem man, State Farm’s QB Aaron...
Insurance Retailer GEICO Lowering Commercial Auto Rates in Texas
Mar 23 2012 // Insurance direct marketer, GEICO, has announced that it is lowering commercial auto insurance rates for business owners in Texas. Commercial insurance packages cover the cars, trucks and vans used in conducting business,...
Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders
Mar 5 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders
Feb 27 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
Western Insurance Agents Roundtable: In Uncertain Economy, Change Is Certain
Jan 5 2012 // The economy, the promised-land of a hard insurance market and the need to master technologies dominated discussion at the first annual Insurance Industry Roundtable in Irvine, Calif. The daylong event was attended by 23...
How One Independent Agent Tried to Off the GEICO Gecko
Dec 29 2011 // Editor’s Note: This article is from Insurance Journal’s annual Satire Issue, originally published on Aug. 15, 2011. The article is fictional and is meant to be humorous. Enjoy! Obsession is more than some...
Washington’s Kreidler Fines GEICO for Overcharging
Dec 21 2011 // GEICO, an auto insurer based in Maryland, has been fined $100,000 for a computer database error that caused the company to overcharge thousands of its Washington state customers. GEICO is also refunding $7.5 million, plus...
Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver
Nov 28 2011 // A Florida rental car customer’s auto insurer must cover crash injuries, even though the driver was someone not authorized under the rental car company’s contact. In a 5-2 opinion on Nov. 23, the Florida Supreme...
GEICO App Gives Facebook Users Access to Policies
Oct 26 2011 // GEICO is launching a new Facebook app called “GEICO Shortcuts,” which will give GEICO policyholders access to their insurance information using the functionality of the popular social networking...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
GEICO Reduces Auto Rates in California
Jul 22 2011 // California’s insurance commissioner today announced that a rate reduction of 10.7 percent has been approved for GEICO’s California auto insurance policyholders. The GEICO rate decrease will come into effect on...
Brooklyn Auto Body Shop Charged with Inflating Bills to Insurer
Jun 24 2011 // Kings County District Attorney Charles J. Hynes announced has charged Borough Park autobody shop, Perfect Collision, with intentionally damaging cars brought in for repairs, so it could submit inflated bills to insurance...
Best Affirms All of GEICO’s ‘A++’ Ratings
May 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its property/casualty members....
No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter
Feb 28 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
Advertising, Claims Handling Drive Reputations of Auto Insurers
Oct 18 2010 // Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable providers, according to a new survey. The survey conducted in...
Advertising, Claims Handling Drive Reputations of Auto Insurers
Oct 4 2010 // Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable auto insurance providers, according to a new survey. The...
Geico Lawsuits Target New York No-Fault Fraud Schemes
Sep 27 2010 // Geico is seeking $9 million in damages in three fraud lawsuits alleging that a medical equipment supply supplier and its attorneys, a radiology practice in Brooklyn and a Queens medical facility submitted thousands of...
