All the headlines from our GEICO Topic Page, ordered by recency.
Jul 9 2018 // The GEICO Board of Directors has promoted Pionne Corbin to senior vice president. Corbin will manage the regional office in Lakeland, Fla., where she will be based, and oversee the company’s Southeast and Midwest...
Jun 20 2018 // Business icon Warren Buffett plans to open a new Geico Insurance service center that will bring 500 jobs to Lenexa, Kansas.The Kansas City Area Development Council said in a news release that the center will open in August...
Jun 18 2018 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has appointed Gary Ivey as Southeast regional CEO.In this role, Ivey will oversee MMA offices in Georgia, Alabama, Tennessee, Kentucky...
Apr 19 2018 // A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim.The injured driver, Omar...
Apr 4 2018 // Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations.The biggest fine was $30,000 against GEICO...
Mar 14 2018 // A third major automobile insurance company in the New York market has reached agreement with the New York Department of Financial Services (DFS) in compliance with the department’s final regulation prohibiting...
Mar 14 2018 // The GEICO board of directors has named Gary McKenzie regional vice president of the company’s Macon, Ga., Southeast operations, which manages policies for customers in seven states. He previously served as assistant...
Mar 1 2018 // Insurance giant Geico says it will expand its operations in Carmel, Indiana, creating close to 1,500 jobs within five years.The Washington, D.C.-based company will invest more than $16 million to add an additional 104,000...
Oct 18 2017 // A Mississippi woman accused of attempting to defraud an insurance company out of thousands of dollars has been arrested. News outlets report 30-year-old Kyomi M. Fulton, of Fayette, was arrested Oct. 11 and charged with...
Sep 18 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Jun 19 2017 // Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the J.D. Power 2017 U.S. Insurance Shopping Study.We define new business yield rates as the proportion of...
Apr 17 2017 // You are a driver for a transportation network company and then the unfortunate happens. Someone sideswipes your vehicle. In the chaotic moments after the accident, a question about your personal auto insurance coverage...
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough.Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
Oct 10 2016 // GEICO has just introduced its ridesharing product to 10 more states – Alabama, Idaho, Kansas, Delaware, Maine, Tennessee, Wisconsin, Minnesota, Missouri and North Dakota – in addition to the product being offered in 24...
Oct 3 2016 // The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co.’s appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators after the...
Sep 19 2016 // Wesley J. KinderOn a recent morning at the National Association of Insurance Commissioners meeting in San Diego, Calif., a group of people with impressive credentials gathered to pay tribute a man they held in high...
Sep 2 2016 // On a recent morning at the National Association of Insurance Commissioners meeting in San Diego, Calif., a group of people with impressive credentials gathered to pay tribute a man they held in high regard.Wesley J. Kinder...
Aug 22 2016 // The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance firms, has announced the September resignation of Andrew S. Robinson, executive vice president and...
Aug 11 2016 // GEICO is planning to expand its regional operations office in Western N.Y. in a move that it expects will bring more than 600 new jobs to the region, the company announced. The firm is set to open an additional facility in...