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GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half

Jan 27 2026 // GEICO has agreed to pay more than $900,000 plus administrative costs to settle lawsuits from almost 1,500 call-center workers who said the insurer failed to pay overtime, including for time spent booting up computers and...

Berkshire Hathaway Raises New CEO Abel’s Salary to $25 Million

Jan 8 2026 // Berkshire Hathaway said Jan. 6 that it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted for more than four...

Pierce Named CEO of GEICO as Combs Resigns

Dec 8 2025 // Berkshire Hathaway Inc. today announced Nancy L. Pierce will be GEICO’s new chief executive officer. Pierce was most recently chief operating officer at the major U.S. auto insurer. “Nancy knows the business...

GEICO Can’t Squirm Out of South Carolina Lawsuit That Claims the Company Owes $70 Million in Back Taxes and Penalties, Judge Says

Dec 1 2025 // GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes...

GEICO Can’t Slip Out of SC Lawsuit That Says it Owes $70M in Taxes and Penalties

Nov 19 2025 // GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes...