Geico Faces California Class Action Claiming it Overcharged for Car Insurance November 1, 2022 By Jonathan Stempel A federal judge on Monday said a lawsuit accusing Geico Corp. of overcharging more than 2 million California policyholders on...
Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble August 8, 2022 By Jonathan Stempel The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run...
Reports: GEICO Closing All Offices in California August 1, 2022 GEICO is closing all of its offices in California, according to reports. The company shut down all of its 38...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm July 19, 2022 With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners...
Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO July 18, 2022 By Susanne Sclafane When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during...
Missouri Court: Geico Ordered to Pay $5.2 Million Award to Woman Who Contracted STD June 10, 2022 By Ezra Amacher The Missouri Court of Appeals Western District has affirmed a $5.2 million judgment against Geico in a case involving a...
People Moves: Estée Lauder’s Burrell Joins GEICO; Olson Heads Zurich Programs; Hudnall Leads Donegal Commercial Lines April 22, 2022 Estée Lauder’s Burrell Joins GEICO as Chief Marketing Officer Insurer GEICO announced Damon Burrell has joined the company as chief...
Arizona Auto Insurance Rates Rising on Heels of COVID March 22, 2022 By David Wichner As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as...
Berkshire Hathaway Stock Price Reaches $500,000 in Unsettled Market March 15, 2022 By Jonathan Stempel The share price of Warren Buffett’s Berkshire Hathaway Inc. reached $500,000 for the first time on Monday, reflecting the company’s...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020 February 28, 2022 Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the...