All the headlines from our GEICO Topic Page, ordered by recency.
Oct 11 2021 // A Missouri woman is suing GEICO after contracting a sexually transmitted disease in a car insured by the company.The woman, identified in District Court documents as M.O., had a sexual relationship with the insured, M.B.,...
Aug 9 2021 // Berkshire Hathaway’s insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate’s GEICO unit dragged down...
May 5 2021 // Middle Georgia’s largest private employer says it’s trying to hire another 500 workers.GEICO, the Maryland-based insurance company owned by financial conglomerate Berkshire Hathaway, says it’s trying to...
Apr 27 2021 // GEICO Indemnity Co.’s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling last week by the Georgia Supreme Court.The high court’s 7-0 decision answered three...
Apr 22 2021 // Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits.In a data breach...
Mar 7 2021 // The auto insurer Geico Corp., a unit of Warren Buffett’s Berkshire Hathaway Inc., must face a proposed class action claiming it overcharged policyholders as the coronavirus pandemic led to less driving and fewer...
Mar 1 2021 // With GEICO’s 2020 underwriting profit more than doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the...
Jan 28 2021 // In a dispute between two insurers, a federal appellate court ruled that GEICO is solely liable for the cost of replacing a Lamborghini worth more than $100,000 that was totaled in a collision with another vehicle.A panel...
Dec 16 2020 // Philip Massaro has joined small business intermediary BTIS as vice president of Underwriting.Massaro has 25 years of commercial insurance underwriting and product management experience. Most recently, he was with GEICO as...
Nov 18 2020 // Jaskaran Singh Gill, of Tukwila, Wash., was charged in King County Superior Court in Washington with two counts of first-degree theft, one count of second-degree theft and four counts of filing a false insurance claim...
Sep 4 2020 // Auto insurer GEICO recently named a new officer and promoted two others.Jonathan Shafner was promoted to vice president and general counsel, and John O’Keefe was promoted to vice president and chief information...
Aug 10 2020 // Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental Petroleum Corp., Kraft...
Jul 24 2020 // Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging its policyholders during the pandemic.A lawsuit filed in federal...
May 4 2020 // Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million...
May 4 2020 // Two consumer groups said on April 23 that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...
Apr 24 2020 // Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to...
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers.State...
Apr 7 2020 // More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis.Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15...
Feb 24 2020 // Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long.Buffett’s Berkshire Hathaway Inc. tapped Combs in December to become chief executive officer of...
Feb 24 2020 // Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018.Earnings from primary insurance operations...