Geico News
GEICO Faces California Class Action Claiming It Overcharged for Car Insurance
A federal judge on Monday said a lawsuit accusing GEICO Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic ...
Berkshire Hathaway Reports $43.8 Billion Loss as Stock Holdings Tumble
The slide in U.S. stock prices punished Berkshire Hathaway Inc.'s bottom-line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. ...
Big Dog Still Off the Porch: State Farm Beats GEICO In J.D. Power Rankings
When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year's annual meeting, he was referring to scale ...
State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
There wasn't a lot of talk about auto insurance at this year's annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one ...
Executives on the Move at GEICO, Polly
GEICO announced that Damon Burrell has joined the company as its new chief marketing officer, reporting to CEO Todd Combs. Burrell most recently served as CMO and senior vice president of Marketing, ...
Executives on the Move at USAA, GEICO, Old Republic
USAA has named Julie McPeak as senior vice president, general counsel for Insurance. She will oversee both the P&C and Life Company legal teams for USAA. McPeak joins USAA from Root Inc., where ...
Berkshire’s GEICO Posts 2021 Profit But Much Lower Than 2020
Although Berkshire Hathaway's biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate's insurance and reinsurance operations saw ...
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...