BNET Industries
Last Fiscal Year Sales:$300.0M
- Private
- US
Dow Jones Description
The name GEICO stands for Government Employees Insurance Company. When GEICO was founded in 1936, its first customers were government employees and military personnel. Founder Leo Goodwin went into business determined that he could deliver automobile insurance at reduced prices by selecting prime customer groups and marketing directly to them. He succeeded, and more than 70 years later, GEICO continues to find ways to manage its business costs in order to offer savings to customers today. In doing so, GEICO has become the fastest-growing major auto insurer in the U.S., insuring more than 13 million vehicles. GEICO continues to do what it does best ... to offer excellent coverage at low prices and to provide outstanding customer service. GEICO's stellar service reputation is the result of the more than 22,000 associates who exemplify one of GEICO's primary operating principles: Be fanatics for outstanding customer service! In much the same way that GEICO respects and is committed to its customers, GEICO is also committed to its associates. With outstanding benefits, excellent training, and ample growth opportunities for all associates, GEICO offers the support you need to build the career you want.
Chief Executive Officer
Louis A. SimpsonNumber of Employees 2,999
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
-
GEICO names Martha Furnas vice president
-
Get the most out of your membership benefits!
-
Geico tests Internet's limits
-
Settlement to end Alaska police chase lawsuit
-
Google Turns Tables, Countersues Search Marketer
News & Analysis
Filter by
geico and insurance - All News and Analysis
Can the Elephant Stomp on the Gecko, Farmers and Progressive?
Insurers that "direct" market their auto and home insurance products to consumers through television ads, thus cutting out insurance agents, are doing quite nicely in the U.S. even during the recession. All you need to see is the success of GEICO's "Gecko." But the lovable lizard could soon find itself...
Charles County Circuit Court awards full coverage, rejects waiver
GEICO Insurance Co. should have paid $300,000 in uninsured motorist coverage to a Waldorf man when his son was rear-ended in November 2004, not the $20,000 the father purchased when he bought the policy and signed a waiver in 1992, a Charles County jury decided this month. The...
Supreme Court ruling on the Fair Credit Reporting Act and auto insurers' use of insurance scores to set premiums.
ON June 4, 2007, the United States Supreme Court resolved several questions of first impression presented in consolidated cases about how the "adverse action" notification provisions in the federal Fair Credit Reporting Act FCRA (2) apply to personal lines insurance underwriting. In Safeco Insurance Co. v....
Insurance Commissioner Poizner to Congratulate GEICO Aug. 3 for Offering California Policyholders $65.8 in Savings
SAN DIEGO -- California Insurance Commissioner Steve Poizner plans to visit GEICO's Poway, Calif., regional office to congratulate GEICO for its recent auto insurance rate decrease. GEICO's decrease represents $65.8 million in savings for its California policyholders.
Geico Cuts Rates by 10.8 Percent for California Policyholders
In compliance with new state rules in California, Geico is planning to cut rates for all 436,000 policyholders in the state by an average of 10.8 percent, translating into an approximate savings of $150 per policy -- nearly 66 million in savings on the whole. The regulation stipulates that insurance...
Insurance Commissioner Poizner to Visit GEICO Aug. 3 to Congratulate Company for Early Auto Insurance Rate Reduction
SAN DIEGO -- GEICO:
Brand Keys Customer Loyalty Engagement Index Ranks GEICO Top in Car Insurance Category
WASHINGTON -- GEICO took the top spot among car insurance companies for its ability to engage consumers and create loyal customers in the 2007 Brand Keys Customer Loyalty Engagement Index. The annual study examines consumer relationships with 362 brands in 55 categories to determine category drivers that create loyal customers...
Call GEICO's Fraud Hotline and Help Crack Down on Phony Claims
WASHINGTON -- Even though insurance professionals like GEICO's Special Investigations Unit already save the insurance buying public millions and millions of dollars each year by preventing and exposing false claims, GEICO is stepping up the battle against insurance fraud by activating a new national fraud hotline.
Atlantis Business Development Corporation Inc. and EFTAS.org Announce Participation by GEICO(R) Insurance in the EFTAS Employment Program
Atlantis Business Development Corporation, Inc. (OTCBB: ABSD) is pleased to announce the participation by GEICO® Insurance in the EFTAS Employment Program.
Largest property & casualty insurance companies
Largest Property & Casualty Insurance Companies Ranked by total premium written in Arkansas during 2005 ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Louis A. Simpson | Chief Executive Officer |
| Jess Reed | Geico's Chief Information Officer |
| Thomas M. Wells | CFO |
| Bill Roberts | Geico Executive Vice President |
| Bob Miller | Geico Senior Vice President of the Company's Northeast Operations |
| Charles R. Davies | General Counsel & Senior Vice President |
| Greg Kalinsky | Regional Vice President for Geico's San Diego Regional Office |
| Joe Thomas | Regional Vice President |
| Martha Furnas | Geico Assistant Vice President |
| Steve Cunningham | Assistant Vice President and General Manager of Geico's Northeast Operations |
| Ted Ward | Vice President, Marketing |
| Ron Racinowski | General Manager of Usaa |
| Tim Dayton | General Manager for Geico's Operations |
| Greg Jacobi | Director of Sales and Service for Geico's Buffalo Office and Geico |
| Carol Hodkin | Human Resources Manager of Geico's Woodbury |
| Andrew Pong | Specialist |
| Charles G. Schara | Treasurer |
| Gopal Reddy | |
| Jonathan Cogan | |
| Larry Hinton | Senior Counsel |
Elected 2006 Mr. Simpson has served as president and chief executive officer, capital operations, of GEICO Corporation, an auto insurer, since May 1993. Mr. Simpson previously served as vice chairman of the board of GEICO from 1985 to 1993. He also serves on the board of directors of VeriSign, Inc. Mr. Simpson previously served as a director of our company from 1999 to 2002.
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Chief Executive Officer | Current |
| GEICO Corporation | President | Current |
| Castle Creek Financial LLC | President and Chief Executive Officer, Capital Operations, Geico Corporation | Current |
| ResMed, Inc. | Director | Current |
| Castle Creek Financial LLC | Board of Directors | Current |
| Soltrus | Director | Current |
| Science Applications International Corporation | Board of Directors | Current |
| VeriSign, Inc. | Board of Directors | Current |
| Western Asset Management Co., Ltd | chief executive officer | Former |
| Western Asset Management Co., Ltd | president | Former |
| GEICO Corporation | chief investment officer | Former |
| GEICO Corporation | senior vice president | Former |
| Princeton University | Master's Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Geico's Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | CFO | Current |
| GEICO Indemnity Company | CFO & Senior Vice President | Former |
| GEICO Casualty Company | Controller & Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Geico Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Geico Senior Vice President of the Company's Northeast Operations | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | General Counsel & Senior Vice President | Current |
| GEICO Casualty Company | General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Regional Vice President for Geico's San Diego Regional Office | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Regional Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Geico Assistant Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Assistant Vice President and General Manager of Geico's Northeast Operations | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | General Manager of Usaa | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | General Manager for Geico's Operations | Current |
| GEICO Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Director of Sales and Service for Geico's Buffalo Office and Geico | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Human Resources Manager of Geico's Woodbury | Current |
| Organization | Position | Status |
|---|---|---|
| Silver Spring Church of Christ | Computer Specialist With Geico | Current |
| Naval Research Laboratory | Research Scientist | Current |
| GEICO Corporation | Specialist | Current |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Treasurer | Current |
Gopal has tremendous exposure in the IT industry with companies like Teligent, Equant, AOL, Nextel, and Geico. He has over ten years of experience in the software industry with expertise in Client server, Data Warehouse and Business Intelligence. He loves to read books & is keen on learning new technologies. His keen business sense and a sharp eye for opportunities are his key strengths. He is committed to community service & philanthropy.
| Organization | Position | Status |
|---|---|---|
| Technical Strategies, Inc. | Vice President, Co-Founder | Current |
| GEICO Corporation | Current | |
| Teligent, Inc. | Current | |
| Equant | Current |
| Organization | Position | Status |
|---|---|---|
| Grace Preparatory School | Current | |
| GEICO Corporation | Current | |
| Grove City College | BA In Education | Former |
| Organization | Position | Status |
|---|---|---|
| GEICO Corporation | Senior Counsel | Current |
Executive News
-
Warren Buffett Goes Buying … and Selling
Industry Transcripts by Seeking Alpha
-
H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
-
Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
-
Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
-
Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
-
American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
IndustryTop Rated
- As Income Mobility Falls, American Dream Fades 7 votes
- Creative Destruction and the new Money Trust 6 votes
- Civil Rights Group Teams With Wells Fargo Despite Charges of Predatory Lending 4 votes
- Geithner Deal With Wall Street Over AIG Swaps Cost Taxpayers $13 Billion 4 votes
- The Many Faces of Michael Oxley 3 votes

