Geico News
Berkshire Reports 13th Straight Underwriting Profit; BH Specialty Premium Tops $1B
Insurance operations contributed $4.9 billion to total operating income of $17.4 billion for Berkshire Hathaway in 2015, with underwriting profit levels dropping and investment income rising compared ...
S&P Frees GEICO, National Indemnity, Gen Re from CreditWatch Negative Status
Berkshire Hathaway's insurance subsidiaries are no longer on CreditWatch Negative with Standard & Poor's. The ratings entity removed National Indemnity Co., GEICO and General Reinsurance Corp. ...
State Farm Ridesharing Coverage Endorsement Hits California, Colorado
State Farm is debuting a ridesharing coverage endorsement in California and Colorado, and promises a broader release for qualifying states in the months ahead. "We strive to meet the needs of our ...
Farmers Debuts Rideshare Insurance in Oklahoma and Ohio
Farmers Insurance has started offering rideshare insurance in Oklahoma and Ohio, a move that dovetails with new laws in both states dictating coverage for ridesharing drivers. Farmers said it worked ...
Why Buffett’s 50th Year Running Berkshire Hathaway Disappointed Investors
Berkshire Hathaway Inc. investors had plenty to celebrate at the start of 2015. It was Warren Buffett's golden anniversary running the company, which had grown under his watch from a struggling ...
$1.2 Billion: Insured Loss Estimate Thus Far From Dallas Tornadoes
Texas is dealing with approximately $1.2 billion in insured losses so far from 9 confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary ...
Buffett’s GEICO Agrees to California Settlement Over Misleading Price Quotes
GEICO, the auto-insurance unit at Warren Buffett's Berkshire Hathaway Inc., agreed to a settlement with California regulators after its online price quotes misrepresented some coverage as the ...
Executives On The Move at GEICO And ACE Group
GEICO promoted a veteran executive to one of its senior vice president positions. George Rogers assumes the title as well as responsibility for GEICO's operations in the Southeast and Midwest. As ...