GEICO News

California Consumer Group Seeks Enforcement Action Against Geico

The Consumer Federation of California is alleging that Geico Insurance Co. illegally quotes higher minimum automobile coverage levels than permitted under state law to unmarried, lower or moderate-income motorists The allegations were made in a petition filed Thursday with the …

Gilbert Suarez to Lead GEICO Office in Miami Metro Area

GEICO has opened a new local office in North Miami that will be headed by Gilbert Suarez and a team of five licensed agents at the location. Suarez and his staff, made up of agents Diana Suarez, Armando Amador, Milena …

GEICO Launches Ridesharing Coverage in Virginia

GEICO has rolled out a new product to meet the insurance coverage needs of ridesharing drivers in Virginia. The product, available now to new and existing customers, covers drivers that Uber (UberX and UberXL), Lyft, Sidecar and others have approved …

‘One-Day’ Policy Sales Lead to Agent License Suspensions in Michigan

The Michigan Department of Insurance and Financial Services (DIFS) announced it has suspended the licenses of father and son insurance agents Ali Ali and Adnan Ali-Aljadri and their insurance agencies AAS and ASA for violating numerous provisions of the Michigan …

Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL

Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The 30 largest auto writers by market …

GEICO Lowers Commercial Auto Rates in Virginia

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 commercial vehicle insurance packages to cover their cars, trucks and vans used on …

GEICO Appoints 5 to Officer Posts Across Country

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 vice president, select GEICO staff counsel operations, Lee Meeler,assistant vice …

Arizona Rest Areas Promoted in Safety Campaign

Hoping to reduce distracted driving, Arizona transportation officials are promoting the state’s 14 highway rest areas as safe places to make phone calls, send texts and check email while traveling. According to the state Department of Transportation, new “Safe Phone …

Geico to Hire 350 Additional Workers for Virginia Office

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 of the insurance company’s 20th …

Berkshire Hathaway 1Q P/C Re/Insurance Results Down from Last Year

Berkshire-Hathaway’s primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent drop in operating earnings for the conglomerate overall. A less favorable first quarter in 2014 …