GEICO News

GEICO Gets Progressive, Joins Auto Insurers Offering Telematics

Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway’s GEICO has been one of the few among the top 10 largest personal auto insurance carriers …

Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance

Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the electric car maker could offer a more compelling insurance product than traditional auto insurers. “The success of the auto companies …

Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead

Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the three biggest auto insurers. The U.S. personal …

Insurance Journal West’s Top Stories for 2018: California Commissioner Race, Hawaii Lava, Wildfire Losses

Another year down, and too many fascinating news headlines to count. Hawaii’s lava, the race for California insurance commissioner, and a $23 million ruling in a lawsuit against Geico were among the most popular stories in Insurance Journal’s Western region. …

GEICO Promotes Pusateri to Vice President of Marketing

Giant auto insurer GEICO has promoted Joe Pusateri to vice president of marketing Pusateri previously served as an assistant vice president in marketing; in that role, which he assumed last year, he oversaw analytics, direct mail, in-house creative and the …

GEICO Board of Directors Promotes Connor to VP of New York, New Jersey Offices

The GEICO Board of Directors has promoted Jeremy Connor to vice president of the company’s regional office in Buffalo, N.Y., and its claims office in Marlton, N.J. Connor had served as assistant vice president of claims in Buffalo since 2016. …

GEICO Promotes Hoagland to Senior Vice President

GEICO’s Board of Directors has promoted Rick Hoagland to senior vice president. Hoagland first joined GEICO in 1994 as a telephone claims representative in Fredericksburg, Md. He advanced through several positions and was named a manager in 2002. He was …

GEICO Taps Corbin to Manage Regional Offices from Florida

The GEICO Board of Directors has promoted Pionne Corbin to senior vice president. Corbin will manage the regional office in Lakeland, Fla., where she will be based, and oversee the company’s Southeast and Midwest regional offices and Centralized Services operation, …

Washington Commissioner Fines GEICO $30K for Raising Premiums on People Who Froze Credit Scores

Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations. The biggest fine was $30,000 against GEICO for not properly notifying consumers whose premiums it raised because they …

Progressive is the Latest to Comply with New York Auto Insurance Rate Regulation

A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance rates. Progressive has informed Financial Services Superintendent Maria T. …