Insurance Units’ Profits Drive Berkshire Hathaway March 3, 2014 By Susanne Sclafane Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit...
GEICO Appoints Assistant VP in Georgia February 27, 2014 Chevy Chase, Md.-based auto insurance giant GEICO announced Lona Montgomery has been named assistant vice president of centralized services in...
GEICO to Hire 725 New Associates in Fredericksburg, Va., Office February 20, 2014 Chevy Chase, Md.-based auto insurance giant GEICO announced Thursday that to keep up with its strong policyholder growth, its regional...
Hike in Auto Insurance Rates Expected in Illinois January 9, 2014 Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL December 16, 2013 Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According...
Insurer Geico Plans to Add Up to 1,000 Texas Jobs December 5, 2013 The insurance company Geico plans to open a claims center in suburban Houston that will employ up to 1,000 people....
Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico November 12, 2013 By Noah Buhayar Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help...
GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate October 22, 2013 Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents,...
Allstate CEO Says GEICO Could Strugggle with Storefront Strategy September 10, 2013 Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said...
Jury Finds GEICO Must Cover Driver in Fatal Vermont Crash August 23, 2013 A jury says an insurance company must honor the policy of a Vermont man who was convicted of murder in...