Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
GEICO Reports $45.2 Billion Premiums Written in 2025
Private passenger auto claims frequencies for property damage and collision coverage declined while severity increased. Berkshire Hathaway reported its full year 2025 earnings on Saturday, February 28, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings totaled $6.824 billion in 2025, down $989 million, or 12.7%, […]
Nancy Pierce Named CEO at GEICO
Todd Combs departs for role at JPMorgan. Adam Johnson appointed president of Berkshire Hathaway’s consumer products, service and retailing businesses including automotive. Berkshire Hathaway announced today that Nancy L. Pierce has been name chief executive officer of GEICO, effective immediately. Todd A. Combs is exiting the role to join JPMorgan Chase & Co. Pierce, who […]
GEICO Reports $11.7 Billion Premiums Written in Third Quarter
Private passenger auto claims frequencies for property damage and collision coverage down while severity increased. Berkshire Hathaway reported its third quarter 2025 earnings on Saturday, November 1, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.773 billion in the third quarter of 2025, down […]
GEICO Reports $11.1 Billion Premiums Written in Second Quarter
Premiums written up 5.2% in Q2, 5.9% for first half. Loss ratio improves despite increased claim severity. Berkshire Hathaway reported its second quarter 2025 earnings on Saturday, August 2, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.821 billion in the second quarter of […]
Progressive Edges Out State Farm to Claim Lead in US Total Auto Premiums Written
Direct premiums written for private passenger and commercial auto insurance at Progressive up over 22%. Progressive Insurance Group ascended to the top of the U.S. total automobile insurance ranking list that combines private passenger and commercial insurance with a 16.4% market share in 2024, just edging out former No. 1 State Farm Group’s 16.2% market […]
GEICO Reports $11.5 Billion Premiums Written in First Quarter
Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
Fayetteville Technical Community College and Caliber Celebrate Partnership
Fayetteville Technical Community College (FTCC), in Fayetteville, N.C. welcomed representatives from Caliber to campus April 3 in a day of events showcasing the power of partnership. FTCC and Caliber have a longstanding relationship centered around the automotive and repair service company’s Changing Lanes education program. Through the no-cost, 15-week program, which is a Career Skills […]
GEICO Reports 7.7% Rise in Premiums Written for 2024
Collision claims frequency down 8-9 percent compared to 2023. Berkshire Hathaway reported its 2024 earnings on Feb. 22, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $7.813 billion in 2024, up $4.178 billion, or 114.9 percent, from $3.635 billion in 2023. The improvement […]
New York State Secures $11.3 Million from Auto Insurance Companies Over Data Breaches
New York Attorney General Letitia James and New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today secured $11.3 million in penalties from two auto insurance companies, the Government Employees Insurance Company (GEICO) and The Travelers Indemnity Company (Travelers), for having poor data security which led to the personal information of more […]
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