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...
GEICO Tops Progressive With Higher J.D. Power Scores June 26, 2024 By Susanne Sclafane Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to...
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech May 6, 2024 By Susanne Sclafane Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with...
Auto Insurer’s $10M Fraud Claims Against Doctors Are Subject to Arbitration, Court Rules April 19, 2024 A federal appeals court has sided with three chiropractors in ruling that claims under New Jersey’s personal injury protection statute...
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts February 26, 2024 By Susanne Sclafane Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant...
Court Says Bulk of GEICO’s $2.3 Million Fraud Case Belongs in Arbitration January 5, 2024 Insurer GEICO has been dealt a setback in its efforts to get back $2.3 million in what it alleges were...