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GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents ...
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GEICO has closed all of its 38 California agent offices that sell auto and homeowners policies and other lines and has also ended the practice of selling insurance through telephone agents in the ...
Todd Anthony Combs (born January 27, 1971) is a former hedge fund manager and current investment manager at Berkshire Hathaway, who has been the chief executive officer (CEO) of GEICO since January 2020. [1] Alongside Ted Weschler, he is frequently cited as a potential successor of Warren Buffett as the chief investment officer of Berkshire. [2]
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Supported by Warren Buffett [3] (who was a close watcher of GEICO and had named the company "The Security I Like Best" in 1951 [4]), led a turnaround of GEICO; Byrne accomplished this by firing more than 1,500 employees, reducing the staff to fewer than 6,400, and closing 23 sales offices. GEICO also stopped writing policies in several states. [5]
Like many of the best car insurance companies, Geico created its telematics program, DriveEasy, in an effort to help keep roads safer and help policyholders save money. The program is currently ...
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