Property damage and collision claim frequencies rose in the 2% to 4% range through the first nine months of 2026, while severity on those coverages increased in the 0% to 3% range. GEICO’s pre-tax underwriting earnings fell to $982 million in the third quarter of 2026, down $791 million, or 44.6%, from $1.773 billion in […]
GEICO Deploys Entegral Platform for Claim Routing and Repair Coordination
Enterprise Mobility’s claims technology unit will support repair-provider selection and appointment communications for the insurer. GEICO is deploying technology from Entegral, the claims platform owned by Enterprise Mobility, to route claims, coordinate repairs and communicate with policyholders about repair appointments under a partnership the companies announced Oct. 22. The insurer will use Entegral’s tools for […]
GEICO Second-Quarter Underwriting Earnings Fall 45.4% as Claim Frequency Increases Accelerate
Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
GEICO Files Two More Florida Auto Rate Decreases Covering 1.3 Million Drivers
GEICO has filed two additional auto insurance rate decreases in Florida that will lower premiums for more than 1.3 million customers in the state, the insurer said Aug. 6. The filings give GEICO three Florida rate reductions in the past year. The company said it has cut annual premiums for Florida drivers by more than […]
GEICO Names David Foy Chief Financial Officer
Veteran insurance finance executive joins the third-largest U.S. auto insurer effective June 29, reporting to CEO Nancy Pierce. GEICO announced June 10 that David Foy has been appointed chief financial officer, effective June 29. Foy will be based at the insurer’s headquarters in Bethesda, Md., report to chief executive officer Nancy Pierce and oversee all […]
GEICO Opens Tampa Campus with Plans to Add 1,500 Jobs
GEICO officially opened a new 190,000-square-foot, three-building campus in Tampa, Fla., on May 7, with plans to add 1,500 jobs at the site as the company expands its Florida footprint to roughly 4,400 employees statewide. The build-out adds claims-handling capacity in one of the country’s largest auto insurance markets at a time when GEICO is […]
GEICO First-Quarter Underwriting Earnings Fall 34.8% as Claim Frequency Declines Reverse
Private passenger auto claim frequencies and severity climbed across all coverages in the first quarter, reversing recent favorable trends. GEICO’s pre-tax underwriting earnings fell to $1.416 billion in the first quarter of 2026, down $757 million, or 34.8%, from $2.173 billion in the first quarter of 2025, Berkshire Hathaway disclosed in its quarterly report filed […]
Progressive Closes Gap with State Farm as Top U.S. Auto Insurers Reshape Market in 2025
Private passenger auto insurance premiums earned surpass $369 billion. Total direct premiums earned on private passenger auto insurance reached $369.6 billion in the U.S. in 2025, up 5.6% from $349.9 billion in 2024, according to data released March 18 by the National Association of Insurance Commissioners (NAIC). The growth rate moderated significantly compared to recent […]
Connecticut Appellate Court Rules GEICO Complaints Against Towing Companies Protected by Litigation Privilege
The Connecticut Appellate Court has affirmed the dismissal of claims brought by four towing and auto repair businesses against Government Employees Insurance Company (GEICO) and two of its employees, ruling that complaints the insurer filed with the state Department of Motor Vehicles concerning nonconsensual towing and storage fees are protected by the litigation privilege. The […]
GEICO’s Derrell Burgin Appointed to Plasnomic Plastic Repair Alliance Council
Derrell Burgin, senior director of physical damage claims at GEICO, has joined the Plastic Repair Alliance Council at Plasnomic, the organization announced March 12. Burgin is the third insurer representative appointed to the council in recent months. Allstate Auto Technical Claims Director Mike Bundra joined in January, and Allianz UK Network Manager Michael Golding was […]
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