Press Releases - GEICO
There is always something new going on at GEICO. Check out our press releases for GEICO news including the latest information about insurance products, associates and officers, hiring, safety tips, and more.
Berkshire Hathaway is outperforming in turmoil, but Geico is in …
May 4, 2023 · Geico, viewed as the crown jewel of Berkshire’s insurance empire, has found itself in a bit of a trouble recently after losing market share to its best competitor, Progressive, in 2022 with a...
GEICO lays off 6% of workforce, prioritizes return to office
Oct 19, 2023 · Auto insurance giant GEICO will lay off 2,000 staff, or 6% of its workforce, and has issued a return to office mandate, the insurance company’s CEO Todd Combs said in a letter to employees sent...
New York Fines Geico $9.8 Million Over Data Breach - U.S. News
4 days ago · (Reuters) -The New York Attorney General's office fined car insurance company Geico $9.75 million on Monday for hacks that obtained personal information on 116,000 drivers in the state.
GEICO Lays Off 6% of Workforce and Will Require More In-Office …
Oct 20, 2023 · In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow...
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still …
May 6, 2024 · Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer...
New York fines Geico, Travelers $11.3M over data breaches
3 days ago · On Monday, the New York Department of Financial Services announced that New York Attorney General Letitia James and New York state DFS Superintendent Adrienne Harris won an $11.3 million data breach case against Geico and Travelers. The insurance giants suffered separate attacks against their insurance quoting tools that compromised New York residents' personal information, including driver's ...
State AG and Financial Services secure $11.3M in penalties from Geico …
4 days ago · The penalties levied by the state require Geico to pay $9.75 million — of which the attorney general's office secured $4.75 million and Financial Services secured $5 million — and Travelers to ...
Geico to lay off 6% of workforce nationwide, WNY ... - WIVB News 4
Oct 19, 2023 · Geico is laying off 6% of its workers nationwide according to a letter from CEO Todd Combs, with workers in Western New York reportedly affected.
Geico won't face class-action claims it overcharged drivers during ...
March 12 (Reuters) - Geico, the car insurer owned by Warren Buffett's Berkshire Hathaway (BRKa.N), will not face class-action claims as it defends against a lawsuit alleging it overcharged...