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The Government Employees Insurance Company (GEICO / ˈ ɡ aɪ k oʊ /) is an American auto insurance company headquartered in Chevy Chase, Maryland. In addition to auto insurance, GEICO provides motorcycle, ATV, RV, boat, snowmobile, travel, pet, event, homeowner, renter, and jewelry insurance options. [ 4 ]
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The Miss GEICO offshore powerboat racing team was founded by John Haggin, who retired from the team in 2010. Today Miss GEICO is owned and operated by AMF Riviera Beach which is owned by Marc Granet, Scotty Begovich, Scott Colton, Gary Stray, Gary Goodell and sponsored by the American insurance company GEICO .
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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The insurance company said at least 2,000 employees would face layoffs, making up some 6% of the firm's workforce. ... Geico said the company was formed amid the Great Depression. The company says ...