Rate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch August 23, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
5th Circuit Clears Class-Action Suit in Texas Against GEICO May 16, 2023 GEICO must defend itself against a class-action lawsuit that alleges it failed to include the cost of sales taxes and...
Federal Judge Clears Class-Action Suit Alleging Geico Underpaid Auto Claims March 28, 2023 By Andrew G. Simpson Geico General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case March 17, 2023 By Andrew G. Simpson A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages...
Mo. Supreme Reverses $5.2M Award to Woman Who Caught STD in Boyfriend’s Car January 12, 2023 By Jim Sams The Missouri Supreme Court threw out a $5.2 million arbitration award to a woman who contracted a venereal disease while...
Claims Business: Verisk and Vexcel, GEICO and CCC, McLarens October 6, 2022 By Claims Journal staff Verisk, Vexcel Partner to Collect Aerial Images After Ian Verisk said it is working with Vexcel Data Program and the...
Berkshire’s $11.6B Alleghany Deal Expands Insurance Business March 22, 2022 By Michelle Chapman and Josh Funk Warren Buffett, who started the year bemoaning the lack of potential acquisitions for his conglomerate, Berkshire Hathaway, announced Monday that...
GEICO Loses Appeal that Sought Coverage From Another Insurer for Lamborghini Crash January 15, 2021 By Jim Sams In a dispute between two insurers, a federal appellate court ruled that GEICO is solely liable for the cost of...
After Refusing $30K Settlement Offer, Bad Faith Suit May Cost GEICO $2.7M September 29, 2020 By Jim Sams More than eight years after Bonnie Winslett tore up and threw away a summons that notified her she was being...
Auto Claims Climbed with Summer Reopenings, but Dropping Again as Virus Rages July 27, 2020 By Jim Sams The sharp reduction in personal auto claims that followed COVID-19 shutdown orders began to fade away after the Memorial Day...