All the headlines from our GEICO Topic Page, ordered by recency.
Nov 3 2014 // A recent research report published by Cliff Gallant and Matthew Rohrmann of Nomura Equity Research concludes that spending on advertising beats spending on insurance agents.Once again Wall Street gets it wrong! Their logic...
Aug 19 2014 // GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses.Small business owners in particular need...
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Jul 3 2014 // Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, according to an analysis...
Jul 2 2014 // GEICO has announced a number of officer appointments: Michelle Trindade, vice president of the competitive advantage leadership group at the company’s corporate offices in Chevy Chase, Maryland, Kevin Kawa, assistant...
Jun 13 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy...
Jun 6 2014 // Geico plans to hire 350 additional workers at its regional office in Stafford County, Virginia, by the end of the year.The Free Lance-Star reports that Geico officials announced the expansion Wednesday during a celebration...
May 19 2014 // The Massachusetts Division of Insurance (DOI) announced on May 1 it reached an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state...
May 5 2014 // GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers.According to a report by SNL Financial, GEICO’s direct personal...
May 2 2014 // Massachusetts Insurance Commissioner Joseph Murphy announced Thursday an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state agencies...
Apr 21 2014 // A national insurance company has announced plans to create new jobs in middle Georgia.The Telegraph of Macon reported that Geico is planning to add more than 500 new positions to its Macon office by the end of the year....
Apr 7 2014 // A consumer advocacy group said its analysis shows some of New York State’s largest auto insurers are charging higher premiums to motorists who have less education and non-professional, non-managerial jobs.The New...
Apr 7 2014 // The MEMIC Group, a Portland, Maine-based workers’ compensation carrier, has announced the promotion of Eileen M. Fongemie and Deborah E. Lander.Fongemie has been named director of finance. In this capacity, she will...
Mar 20 2014 // After two years of double-digit percentage increases in advertising spending, GEICO Corp. boosted its ad spend by just over five percent in 2013, according to research by SNL Financial.GEICO, with its Gecko and Maxwell the...
Mar 3 2014 // Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with...
Feb 27 2014 // Chevy Chase, Md.-based auto insurance giant GEICO announced Lona Montgomery has been named assistant vice president of centralized services in the company’s Macon, Ga., regional office. Montgomery previously served...
Feb 20 2014 // Chevy Chase, Md.-based auto insurance giant GEICO announced Thursday that to keep up with its strong policyholder growth, its regional office in Fredericksburg, Va., plans to hire more than 725 new associates for growth...
Dec 16 2013 // Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer.According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums...
Dec 5 2013 // The insurance company Geico plans to open a claims center in suburban Houston that will employ up to 1,000 people.The company announced that the positions will range from entry-level to what Geico describes as...
Nov 12 2013 // Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp.Esurance started...