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...
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time October 20, 2023 By Chad Hemenway and William Rabb In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch August 18, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters June 30, 2023 Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled...
GEICO Suit Alleges $1.8M in Fraudulent Billings by New Jersey Healthcare Providers June 30, 2023 Insurer GEICO is suing to recover more than $1.8 million in allegedly fraudulent and unlawful no-fault insurance charges it says...
5th Circuit Clears Texas Class-Action Suit Against GEICO May 19, 2023 GEICO must defend itself against a class-action lawsuit that alleges it failed to include the cost of sales taxes and...
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’ May 8, 2023 By Susanne Sclafane Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader...