(BRK.A), (BRK.B)
GEICO, a subsidiary of Berkshire Hathaway, announced the creation of 500 new jobs in North Texas as part of its expanding commercial insurance business. During a ceremony marking the occasion, the company revealed that 300 positions will support its Richardson office, now a main hub for serving small business customers alongside locations in Katy, Texas, and Fredericksburg, Virginia. The remaining 200 roles will focus on sales, service, and claims for other insurance lines.
The expansion comes on the heels of significant growth in GEICO’s commercial insurance segment, fueled by new offerings like long-haul trucking coverage. The new roles aim to support the company’s increasing customer base and ensure continued growth.
Jason Andrukonis, GEICO’s Head of Commercial Insurance Operations, emphasized the strategic importance of North Texas, a region with a strong talent pool and vibrant business community. “This investment positions GEICO as a premier destination for small business insurance, helping businesses save money and safeguard their livelihoods,” he said.
Richardson Mayor Bob Dubey praised the expansion, noting its positive impact on the local economy and workforce. “This is a testament to our community’s ability to attract and support thriving businesses,” he stated.
GEICO is actively hiring for commercial insurance sales and service positions, with opportunities for leadership development and career growth.
© 2024 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.