Latest GEICO Headlines

All the headlines from our GEICO Topic Page, ordered by recency.

Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders

Mar 5 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.”Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...

Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders

Feb 27 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.”Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...

Western Insurance Agents Roundtable: In Uncertain Economy, Change Is Certain

Jan 5 2012 // The economy, the promised-land of a hard insurance market and the need to master technologies dominated discussion at the first annual Insurance Industry Roundtable in Irvine, Calif.The daylong event was attended by 23...

How One Independent Agent Tried to Off the GEICO Gecko

Dec 29 2011 // Editor’s Note: This article is from Insurance Journal’s annual Satire Issue, originally published on Aug. 15, 2011. The article is fictional and is meant to be humorous. Enjoy!Obsession is more than some Calvin...

Washington’s Kreidler Fines GEICO for Overcharging

Dec 21 2011 // GEICO, an auto insurer based in Maryland, has been fined $100,000 for a computer database error that caused the company to overcharge thousands of its Washington state customers.GEICO is also refunding $7.5 million, plus 8...

Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver

Nov 28 2011 // A Florida rental car customer’s auto insurer must cover crash injuries, even though the driver was someone not authorized under the rental car company’s contact.In a 5-2 opinion on Nov. 23, the Florida Supreme...

GEICO App Gives Facebook Users Access to Policies

Oct 26 2011 // GEICO is launching a new Facebook app called “GEICO Shortcuts,” which will give GEICO policyholders access to their insurance information using the functionality of the popular social networking...

Cross Border Claims Frustrate Auto Carriers

Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits.Some U.S.-based adjusters...

GEICO Reduces Auto Rates in California

Jul 22 2011 // California’s insurance commissioner today announced that a rate reduction of 10.7 percent has been approved for GEICO’s California auto insurance policyholders.The GEICO rate decrease will come into effect on...

Brooklyn Auto Body Shop Charged with Inflating Bills to Insurer

Jun 24 2011 // Kings County District Attorney Charles J. Hynes announced has charged Borough Park autobody shop, Perfect Collision, with intentionally damaging cars brought in for repairs, so it could submit inflated bills to insurance...

Best Affirms All of GEICO’s ‘A++’ Ratings

May 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its property/casualty members....

No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter

Feb 28 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors.Warren Buffett, the 80-year-old chairman of Berkshire...

Advertising, Claims Handling Drive Reputations of Auto Insurers

Oct 18 2010 // Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable providers, according to a new survey.The survey conducted in...

Advertising, Claims Handling Drive Reputations of Auto Insurers

Oct 4 2010 // Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable auto insurance providers, according to a new survey.The survey...

Geico Lawsuits Target New York No-Fault Fraud Schemes

Sep 27 2010 // Geico is seeking $9 million in damages in three fraud lawsuits alleging that a medical equipment supply supplier and its attorneys, a radiology practice in Brooklyn and a Queens medical facility submitted thousands of...

GEICO Names New Southeast Claims VP

Aug 10 2010 // GEICO recently named Carl Tims, CPCU, of Lakeland, Fla., assistant vice president in charge of claims for the Southeast regional operations office in Macon, Ga.Tims began his career with GEICO in 1992 as a service...

Geico Files $1.8M Lawsuit over Alleged No-Fault Fraud in New York

Jun 14 2010 // Insurer Geico has filed a $1.8 million lawsuit alleging a Queens radiology center orchestrated a no-fault auto insurance fraud scheme that involved thousands of suspect claims for service.Geico did not identify the 10...

Buffett’s Berkshire Q4 Profit Highest Since 2007; Geico Premiums Up 6%

May 10 2010 // Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe...

Connecticut Fines GEICO $178K

Apr 9 2010 // The Connecticut Insurance Department has fined four GEICO subsidiaries a total of $177,500 for improper rating, claim delays and the use of unlicensed adjusters among other violations.The total fine is a result of smaller...

Zinno Named Vice President and Head of GEICO Insurance Agency

Nov 18 2009 // Insurer GEICO recently named John Zinno a vice president of the company and president of GEICO Insurance Agency, which has offices Virginia and New York. A company subsidiary, GEICO Insurance Agency is a personal lines...