Nevada Lawsuits Filed Against Auto Insurers over Rates in Pandemic February 25, 2021 By Michelle L. Price Class action lawsuits were filed in Nevada against 10 major auto insurance companies this week, contending that the companies charged...
GEICO Loses Appeal that Sought Coverage From Another Insurer for Lamborghini Crash January 28, 2021 By Jim Sams In a dispute between two insurers, a federal appellate court ruled that GEICO is solely liable for the cost of...
GEICO Taps Shafner as General Counsel, O’Keefe as Info Chief; Larguet to Operations September 4, 2020 Auto insurer GEICO recently named a new officer and promoted two others. Jonathan Shafner was promoted to vice president and...
Berkshire Insurance Units Hold Their Own While Pandemic Slams Other Buffett Firms August 10, 2020 Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses...
Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount July 24, 2020 By Andrew G. Simpson Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging...
Berkshire Discloses Q1 Insurance Results; Buffett Talks Coronavirus Impact May 4, 2020 By Susanne Sclafane Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double...
Virtual ‘Woodstock for Capitalists’ May Show How Buffett’s Handling Coronavirus May 1, 2020 By Jonathan Stempel Berkshire Hathaway Inc.’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations April 9, 2020 By Andrew G. Simpson More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place...
GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses April 7, 2020 More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus...
Idaho Man Sentenced for Fabricating Bill of Sale on $700 Mercedes February 27, 2020 An Idaho man was sentenced for insurance fraud in violation of Idaho code after reportedly purchasing a 1992 Mercedes for...