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
-
Insurance coverage for miscellaneous vehicles
-
Google Turns Tables, Countersues Search Marketer
News & Analysis
Filter by
geico - 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...
Geico Joins Ad Boycott of Fox's Beck Over "Obama Is Racist" Remarks
Geico has joined four other advertisers in pulling its ads from Fox News Channel's Glenn Beck show after Beck called President Obama a racist. Geico pledged to send its Beck money to "other network programs," which sounds like the dollars are shifting elsewhere on Fox, not leaving Fox entirely. In...
Geico, Others Join Ad Boycott of Fox's Beck Over "Obama Is Racist" Remarks
Geico has joined four other advertisers in pulling its ads from Fox News Channel's Glenn Beck show after Beck called President Obama a racist. Geico pledged to send its Beck money to "other network programs," which sounds like the dollars are shifting elsewhere on Fox, not leaving Fox entirely. by...
Berkshire Profit Up 14 Percent as Stocks Rebound
By Jonathan Stempel NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets. Operating earnings for the second quarter nevertheless fell short of forecasts, reflecting lower underwriting gains, including...
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...
GEICO Deploys Guidewire
GEICO's national team of claims counselors now using Guidewire ClaimCenter[R] to maximize customer service
Heat Safety Advisory from GEICO: Do Not Leave Children or Pets Unattended in Vehicles
TUCSON, Ariz. -- With temperatures expected to be in the triple digits for the next few weeks, now is the time to be mindful of the hazardous risks to children and pets left in unattended vehicles.
Hampton Roads votes GEICO the 'Best of the Beach'
VIRGINIA BEACH, Va. -- For the seventh year in a row, local customers voted GEICO as the Best Insurance Company, while GEICO associates voted GEICO the Best Place to Work.
GEICO Chooses Clear Channel Radio for Cause Marketing
Top Insurance Ad Spender to Raise Public Awareness for the American War Letters Campaign with Clear Channel Radio's Integrated On-Air and Online Assets
Alex Gomez of Chula Vista and Jeff Lee of San Diego were honored by Geico with quality awards at a ceremony in Washington, D.C
Alex Gomez of Chula Vista and Jeff Lee of San Diego were honored by Geico with quality awards at a ceremony in Washington, D.C. Gomez accepted an award on behalf of his team's efforts to keep Geico's San Diego regional location operational during the October wildfires and for Geico's evacuation...
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
-
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
-
MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
IndustryTop Rated
- As Income Mobility Falls, American Dream Fades 7 votes
- Creative Destruction and the new Money Trust 6 votes
- Geithner Deal With Wall Street Over AIG Swaps Cost Taxpayers $13 Billion 4 votes
- Civil Rights Group Teams With Wells Fargo Despite Charges of Predatory Lending 4 votes
- Financial Reform Effort in Danger of Splintering 3 votes

