CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / Archives for GEICO

GEICO Partners with Tractable on Estimating AI

May 26, 2021 By CollisionWeek Editor

GEICO Tractable Announces Partnership

Insurer will use artificial intelligence to improve the speed and accuracy of estimate review. GEICO, the second-largest auto insurer in the US, is partnering with Tractable to accelerate its auto claim and repair process. Tractable’s proprietary computer vision technology, trained on millions of historical claims, assesses vehicle damage like a human appraiser. Inserting artificial intelligence […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, GEICO, Tractable

GEICO Auto Policies in Force Up Over 4% in 2020

March 3, 2021 By CollisionWeek Editor

GEICO 2020 Financial Measures

Written premiums down 3% due to coronavirus rebates, collision claims down 23-24%. On February 27, Berkshire Hathaway Inc. reported its fourth quarter and full year earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO’s pre-tax underwriting earnings for 2020 reflected significant declines in losses […]

Filed Under: News Tagged With: Earnings, GEICO

GEICO Reports Collision Claims Severity Up 7-9% in First Nine Months of 2020

November 9, 2020 By CollisionWeek Editor

GEICO Q3 2020 and First Nine Months Results

Frequency remained down 24-26% so far this year compared to 2019. On November 7, Berkshire Hathaway Inc. reported its third quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated a pre-tax underwriting earnings of $276 million. The company reported significant […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

Collision Repair Education Foundation Thanks Insurance Industry for Support of Critical Resources to Schools Impacted by COVID-19

September 15, 2020 By CollisionWeek Editor

The Collision Repair Education Foundation (CREF) publicly thanked the insurance industry for rallying behind it during a time when raising funds is extremely difficult. Six extremely generous insurance organizations have stepped in to offer their support, donating funds that can help CREF make good on its mission of connecting the next generation of collision repairers […]

Filed Under: News Tagged With: Allstate, Career and Technical Education, Collision Repair Education Foundation, Donations, Erie Insurance, Farmers Insurance, GEICO, Liberty Mutual Insurance, Nationwide Insurance, State Farm, USAA

NSC Estimates U.S. Saw a 20% Jump in Motor Vehicle Death Rates in First Six Months of 2020 Despite Quarantines

September 15, 2020 By CollisionWeek Editor

Preliminary estimates from the National Safety Council (NSC) based on the first six months of data from all 50 states tell an erratic story about the nation’s driving behaviors and the impact of COVID-19 on roadway safety. The U.S. experienced an estimated 20% jump in the death rate – an indicator of how safely drivers […]

Filed Under: News Tagged With: Claim Severity, Coronavirus, GEICO, National Safety Council, Traffic Fatalities

GEICO Reports Collision Claims Frequencies Were Down 24-26% in First Half of 2020

August 10, 2020 By CollisionWeek Editor

GEICO’s underwriting results

Collision severity up for first half. Overall premiums written were down 7% in the quarter and 1.1% for first six months. On August 8, Berkshire Hathaway Inc. reported its second quarter earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company’s quarterly report, GEICO generated pre-tax […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO

GEICO and Liberty Mutual Joins List of Insurers Providing Credit for Auto Insurance Premiums in Wake of Pandemic Impact on Accidents

April 8, 2020 By CollisionWeek Editor

GEICO will provide $2.5 billion in credits to customers. Liberty Mutual refunding $250 million to Liberty and Safeco insureds. GEICO and Liberty Mutual separately announced that they would be providing relief to their auto insurance policyholders, joining Allstate and American Family that announced similar programs earlier this week. GEICO, the second largest private passenger auto […]

Filed Under: News Tagged With: Auto Insurance, Coronavirus, GEICO, Liberty Mutual Insurance, Premiums, Safeco

GEICO Reports Auto Policies in Force Up 6.4% in 2019

February 25, 2020 By CollisionWeek Editor

GECIO

Voluntary policies increased by over 1 million last year. Claims frequency declined, but severity increased. Berkshire Hathaway reported its 2019 earnings on February 22, including details of its GEICO Insurance operations. GEICO’s premiums written and earned in 2019 increased 5.5% and 6.6%, respectively, compared to 2018. According to the company’s annual report, these increases were […]

Filed Under: Feature Tagged With: Earnings, GEICO

GEICO Files Federal RICO Lawsuit in California Alleging Glass Shop Fraudulently Inflated Claims

February 19, 2020 By CollisionWeek Editor

Government Employees Insurance Company, et al. v. Winaffix Auto Glass, et. al.

Insurer seeks to recover over $150,000 in alleged fraudulent billing and declaration it doesn’t owe over $50,000 in outstanding claims. Following similar lawsuits in Arizona and Florida, GEICO has filed a federal lawsuit in California alleging an auto glass repair facility submitted fraudulent glass repair bills. GEICO seeks to recover damages alleging violations of the […]

Filed Under: Feature Tagged With: Auto Glass, California, GEICO, Insurance Fraud, Lawsuits

Todd Combs Named CEO of GEICO

January 3, 2020 By CollisionWeek Editor

Bill Roberts, GEICO’s president and CEO, has announced that he will retire from GEICO in December 2020. Roberts began his career with GEICO in 1984 as an officer in the Marketing department. Over his 35-year career, he has helped lead GEICO to become the second largest auto insurance company in the U.S. Roberts became vice […]

Filed Under: News Tagged With: GEICO, People

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • Next Page »

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • CCC Partners with BMW to Help Drivers Connect with Certified Collision Repair Facilities and Take the First Step Toward Repair May 29, 2025
  • Crash Champions Selected as Hyundai Authorized Paint Repair Partner May 29, 2025
  • Auto Body Supplies and Paint Named BASF ColorSource Jobber of the Year May 29, 2025
  • Mercedes-Benz to Move North American Headquarters to Atlanta May 29, 2025
  • Tesla Reported to Launch Robotaxi Service in Austin, Texas June 12 May 29, 2025
  • Travelers to Sell Canadian Insurance Operations to Definity for $2.4 Billion May 28, 2025
  • Oklahoma Storage and Total Loss Administrative Charge Price Control Bill Becomes Law May 28, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in