Category Archives: GEICO

GEICO Marks 1st Year in New Iowa Location With Plans to Hire 80 New Associates

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GEICO’s North Liberty, Iowa, office is marking the one-year anniversary of its new headquarters by extending job offers to 80 new associates by the end of 2019.

Applications are now being accepted for Customer Service Representatives, with a starting salary of $16.50/hour, and Inbound Sales Representatives, with a $16.87 starting salary. No prior insurance experience is necessary; training is provided. Apply at geico.jobs/iowa.

GEICO opened its Iowa office in 1997, when the insurer had about 2.8 million policyholders. Today, GEICO has more than 17 million policyholders. The success of the Iowa office has contributed substantially to the company’s growth. In fact, an Iowa sales associate sold GEICO’s 17-millionth policy earlier this year. The Iowa office, which currently has about 500 associates, relocated to a new 50,000-square-foot building last September.

GEICO’s Iowa office has been named a Top Workplace for the last five years by the Des Moines Register and is one of Indeed.com’s Top 10 highest-rated workplaces for compensation and benefits.

Full-time GEICO associates are offered the Total Rewards Program with a wide range of benefits, including a comprehensive benefits package, continuing education, tuition reimbursement, on-site college courses, career growth, community engagement opportunities, as well as a friendly and supportive workplace.

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO’s Rynthia Rost Receives Prestigious Urban League Award

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GEICO’s vice president of public affairs, Rynthia Rost, received the Charles B. Collins Distinguished Trustee Award at the recent 2019 National Urban League Conference in Indianapolis.

The annual honor goes to a notable Urban League advocate who embodies the ideals of the organization and the esteemed Charles B. Collins – who helped to usher-in great growth and improvements during his long affiliation with the National Urban League.

Rost’s commitment to community service and mentorship is longstanding and well-known. She began her career as a pro bono attorney and continues to dedicate her life and work to uplifting communities.

“Rynthia Rost embodies the Urban League’s mission of empowerment and service,” said Marc H. Morial, president and CEO of the National Urban League. “Her work on financial literacy programs, in particular, has made an enormous difference in the lives of underserved people. As a member of the Audit Committee of the National Urban League Board of Trustees, she serves a vital function in overseeing the fiscal soundness of our movement. She is a role model and mentor not only within the Urban League but in the community at large. We are proud to honor her with the Charles B. Collins Distinguished Trustee Award.”

Rost also serves on the boards of Urban League affiliates in Washington, D.C., and Essex County, New Jersey. In addition, she is vice-president and an executive board member of the Boys and Girls Clubs of America and chair of the Children’s National Hospital Corporate Advisory Board. Rost has earned many other accolades for her work, including the Community Partner Award from Mentor’s Inc. and the Service to Youth Award from the National Boys and Girls Clubs of America.

Rost has led GEICO’s public affairs efforts since 1994. She directs community affairs and GEICO Cares, the company’s country-wide associate community service and volunteer program.

“I am grateful to the National Urban League for this tremendous honor and for allowing me to be part of your efforts to empower local communities,” Rost said. “I also want to thank GEICO for the privilege of working with our 40,000 associates across the country on exciting community service projects that are positively impacting so many people.”

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Shane Wheeler Named GEICO’s VP of Claims Operations

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The GEICO Board of Directors has promoted Shane Wheeler to vice president in charge of the company’s claims operations. Wheeler will be based at GEICO corporate headquarters in Chevy Chase, Maryland.

Since 2016, he had served as assistant vice president of claims for GEICO’s regional operations in Tucson, Arizona. Before that, he was the liability director for the regional office in Dallas.

Wheeler joined GEICO in 1999 as a service counselor at the San Diego regional office and entered the management internship program shortly thereafter. After completing the program, he was named a supervisor in the claims division.

He transferred to the Tucson regional office in 2004 and the Dallas regional office in 2011, holding claims management roles at both locations. He was named liability director for the Dallas region in 2013. Three years later, he was elected the Tucson region’s assistant vice president of claims.

Wheeler holds a bachelor’s degree from Northeastern State University in Oklahoma and a master’s degree from the University of Arizona. He earned his Chartered Property and Casualty Underwriting (CPCU) designation in 2007.

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO Hiring Hundreds of Employees in Georgia

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GEICO’s regional offices in Macon, Georgia, are hiring hundreds of employees. They have immediate openings for Emergency Roadside Service Representatives, Title Processing Specialists, Claims Service Representatives and Customer Service Representatives; all four positions have a starting salary of at least $15 an hour. Training is provided and no prior insurance experience is necessary.

Full-time associates are offered the wide-ranging Total Rewards Program, which includes a comprehensive benefits package, college tuition reimbursement and health and wellness incentives. GEICO provides a friendly work environment that supports career growth and development.

“More than 6,700 members of the Middle Georgia community are already a part of our GEICO family,” said Regional Vice President Franklin Silva. “We are proud to invite even more area residents to join GEICO and help us continue to offer the top-notch customer experience that we are known for.”

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO Adding Employees in Buffalo

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The GEICO regional office in Buffalo, New York, is hiring.

Even in a tight labor market, GEICO’s Buffalo office has grown from 500 to more than 3,000 associates since first opening its doors in 2004. This immense growth led to the opening of a second building in 2017. To better serve GEICO’s growing customer base in New England, GEICO is seeking to add an estimated 200 more associates this year.

“The tremendous pool of talent in Western New York has helped this office prosper over the years,” Regional Vice President Jeremy Connor said. “We are excited to extend an invitation to others to join our GEICO family and help us continue to offer the top-notch customer experience that GEICO is known for.”

© 2019 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO Named a Top 5 Company for Women in IT

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GEICO has been recognized as one of the Top 5 Companies for Women Technologists by AnitaB.org, a global nonprofit agency that recognizes companies building workplaces where women can thrive.

Using a rigorous methodology that looks at representation, employee experience, programs and policies, AnitaB.org analyzed data from 80 companies. The five companies with the highest cumulative scores in their respective workforce size categories earned placement on the 2018 Top Companies for Women Technologists Top 5 lists. GEICO was recognized for companies with a technical workforce of between 1,000 and 10,000 employees.

Marie Motowylak, GEICO’s director of decision sciences and business transformation, said GEICO is both appreciative and motivated by the recognition.

“We are very proud of the efforts we have made to develop an inclusive environment with a keen focus on training, career-advancement and promotional opportunities for women into leadership roles,” she said. “More and more women are taking advantage of the many IT career opportunities at GEICO, and we will continue to create rewarding career paths for them.”

Even before this latest recognition, GEICO’s efforts to support women in IT had not gone unnoticed. Earlier this year, two of the company’s IT associates were recognized by the Washington, D.C.-based nonprofit Women in Technology, and last year, GEICO was the winner of AnitaB.org’s coveted Top Companies for Women Technologists award.

“IT at GEICO plays a central role in creating seamless, innovative and dynamic insurance experiences for our customers. The inclusiveness and the diversity of our team of technologists drives our innovation and makes us a stronger and better company,” said GEICO Executive Vice President and CIO Greg Kalinsky.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO to Hire 400 IT Professionals in Indianapolis

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GEICO is now hiring up to 400 software engineers, IT architects and analysts for the new IT Center of Excellence at its expanded site in Indianapolis, Indiana.

Career opportunities are available from entry to senior levels.

GEICO’s Center of Excellence seeks to develop innovative methods to better serve customers.

“We are excited about building a strong team that will play an essential role in helping GEICO create state-of-the-art cloud software applications,” said Katie Sauls, GEICO Indianapolis’ director of IT. “We are looking to hire those who can unleash creative ways to use tomorrow’s technology to lead the way to better customer interaction.”

GEICO IT received a prestigious 2017 Top Companies for Women Technologists Award from AnitaB.org for creating a “culture that revolves around promoting diversity and inclusion” and offering “programs for entry level technologists and management that provide ongoing training for continued professional growth.”

GEICO has been named as a “Top Workplace” by the Indianapolis Star for three consecutive years, and is ranked as the top global insurance group in the world based on revenue and as one of Fortune magazine’s “World’s Most Admired Companies.”

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO to Add 500 Employees in Kansas at New Office

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GEICO announced at the ribbon-cutting event that opened its newest office in Lenexa, Kansas that it will add 500 associates during the next five years.

Joining GEICO Chairman Tony Nicely in making the announcement were Kansas Governor Jeff Colyer, M.D., Warren Buffett, chairman of Berkshire Hathaway, GEICO’s parent company, and U.S., state, county and local officials.

“Kansas’ business-friendly climate continues to attract innovative, pioneering companies like GEICO,” said Gov. Colyer. “We appreciate GEICO for recognizing Kansas as a state where financial services firms can be very successful. The 500 new jobs created by GEICO’s investment will be a tremendous boost for the Kansas economy, and we are looking forward to the future growth of this partnership.”

“We are very pleased that we’ll have this chance to become a part of the enterprising and highly thriving area in Lenexa and Kansas City,” said Tony Nicely. “When we began looking for a new office, everything we learned about the community made us eager to open a new operation here. We expect to have it up and running close to Labor Day.”

GEICO president Bill Roberts noted that GEICO will begin recruiting soon for sales and service positions in its

GEICO Insurance Agency (GIA) operations in Lenexa. Later the company will be hiring claims professionals.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Warren Buffett Realistic on Autonomous Cars Negative Impact on Auto Insurers

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With GEICO Insurance one of Berkshire Hathaway’s biggest assets and moneymakers, the impact of autonomous vehicles on insurance rates will play a big role on future profitability in the auto insurance sector.

Clearly, Warren Buffett is realistic that a world with safer cars will mean declining rates.

While noting that replacement parts of cars are far more expensive than years ago, ultimately Buffett sees a decline in rates due to fewer collisions.

“…A safer car is going to bring lower insurance rates,” Buffett said while appearing on CNBC’s Squawk Box the Monday after Berkshire’s annual meeting. “There’s one some– there’s– modest offset to that in that, in terms of collision activity– the damage is done to a car by in terms of a bumper or a side rearview mirror something. Costs far more now, it’s a much more complex product. So the damage per accident, not human damage, but physical damage to the car, that will probably go up substantially. But the number of accidents won’t– you won’t see widespread adoption unless they’re safer. And we want a safer car. So it’s net, it will be bad for the auto insurance industry over time if autonomous cars become a big part of the fleet.”

Buffett also noted that the exact timeframe that autonomous vehicles will have a big impact on rates is hard to know, as there will still be a lot of nonautonomous vehicles on the road for years to come.

“Well, it– we don’t know, I mean, what it’ll be. And you’ve got 260 million cars on the road. Let’s just say that 10% of the people took up– autonomous cars in a year. Now you’re talking about– a million eight outta the 18 million. And– there’s– a big life cycle to it and all that. But what does best for the consumer and is safer over time really will prevail– over time,” Buffett said.

Currently, GEICO insures more than 24 million vehicles in the United States.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

GEICO Adding More Than 1,400 Employees in Indianapolis

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Insurer GEICO plans to add more than 1,400 new associates–including hundreds of IT professionals–as the company grows its operations in Greater Indianapolis.

The company’s office, at 101 W. 103rd St. in Carmel, will nearly double in size after an expansion that will add an additional 104,000 square-feet.

With the larger space, GEICO Indianapolis will add IT and claims positions to its existing sales, service and emergency roadside operations.

The GEICO Greater Indianapolis office brought more than 250 jobs to the area when it opened in the summer of 2013. Over the years, the office has more than quadrupled its workforce to more than 1,100 associates to become one of the area’s largest employers.

“The support of this thriving community and our growing customer base in Indiana have made this expansion possible,” said Lona J. Montgomery, general manager of the Indianapolis office. “We are excited to bring on new associates to help us continue to offer excellent service to our customers across the state.”

Nearly 350 IT and claims positions will be added this year, with the others slated to be added over the next five years.

© 2018 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.