Geico News
GEICO Expands Ridesharing Coverage Into Texas Market
GEICO is entering the Texas insurance market with its ridesharing policy that covers drivers on and off the job, part of a state-by-state rollout that will eventually go national. The auto insurer ...
Insurer Website Rankings: Service Aspects for Existing Customers Lag, J.D. Power Says
Whether they are updating customer profiles, printing ID cards or simply viewing policy information, auto insurance customers are less satisfied with their online self-service experiences this year, ...
Buffett’s GEICO Hit With Worsening Margins; Customer Prices to Rise
GEICO, the auto insurer owned by Warren Buffett's Berkshire Hathaway Inc., will charge drivers more after margins worsened. The pretax underwriting gain at GEICO fell to $160 million in the first ...
Progressive CEO Tackles Aggregator Question in Advance of Google Launch
While the chief executive officer of Progressive didn't rule out the possibility of ever partnering with an aggregator website, Glenn Renwick highlighted the virtues of going it alone in the direct ...
GEICO Wants to Expand Ridesharing Policy Nationally: CEO Nicely
Giant auto insurer GEICO plans to roll out its new ridesharing insurance policy across the country, according to the company's CEO. "We want to insurer Uber drivers," GEICO CEO Tony Nicely told Liz ...
Counterpoint: Spending on Ads Never Beats Spending on Insurance Agents
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 ...
Homeowners More Satisfied with Insurance in 2014; Amica Reigns
A recent survey by J.D. Power 2014 found that overall customer satisfaction with homeowner insurers improved in 2014, and that Amica Mutual was the ranked the best by homeowners insurance customers. ...
Investment Gains Jolt Berkshire 2Q Earnings; P/C Earnings, Premiums Flat Overall
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 ...