Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI May 5, 2025 By Susanne Sclafane He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the...
Texas Lawsuit Alleges GEICO Raises Premiums Despite Accident Forgiveness Promise March 4, 2025 By Ezra Amacher A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with...
Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains February 25, 2025 By Susanne Sclafane The work that GEICO’s chief executive has done to “repolish” Berkshire Hathaway’s “long-held gem” got a special shout-out in Warren...
Buffett’s Berkshire Posts Record Profit on Insurance, Investments February 23, 2025 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third...
GEICO Chooses North Texas as Operation Hub for Commercial Insurance Business December 5, 2024 GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these...
New Hampshire High Court Invalidates Geico Underinsured Claim Provision November 14, 2024 By Andrew G. Simpson A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is...
Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips November 4, 2024 By Chad Hemenway Third quarter underwriting income with Berkshire Hathaway’s insurance units fell about $1.7 billion to $750 million due to estimated losses...
Georgia Investment Manager Charged with Siphoning $6M from GEICO August 14, 2024 By Insurance Journal Staff Reports A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for...
Berkshire Halves Apple Stake, Boosts Cash to $277 Billion As It Gets ‘Defensive’ August 6, 2024 By Jonathan Stempel Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling...
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours July 8, 2024 By Andrew G. Simpson Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer...