Company Directory - Government Employees Insurance Company (GEICO)
Company Details - Government Employees Insurance Company (GEICO)
Government Employees Insurance Company (GEICO)
WebsiteChevy Chase, United States
GEICO is a major American auto insurance company that provides a wide range of insurance products, primarily automobile insurance, but also covers motorcycle, homeowners, renters, and more. Known for its competitive rates and catchy advertising campaigns featuring the GEICO gecko, the company is a subsidiary of Berkshire Hathaway.
CCI Score
CCI Score: Government Employees Insurance Company (GEICO)
-47.12
0.19%
Latest Event
GEICO Political Contributions and Lobbying Activity
GEICO Corp's PAC profile on OpenSecrets shows that the company raised $5,685 during the 2023-2024 election cycle, highlighting its involvement in political contributions and lobbying activities. While this nominal amount indicates participation in the political realm, it appears to be limited in scale.
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QUISLING
Government Employees Insurance Company (GEICO) is currently rated as a Quisling.
Latest Events
- FEB062025
GEICO Corp's PAC profile on OpenSecrets shows that the company raised $5,685 during the 2023-2024 election cycle, highlighting its involvement in political contributions and lobbying activities. While this nominal amount indicates participation in the political realm, it appears to be limited in scale.
-5
Political Contributions and Lobbying Efforts
May 3
The reported political contribution of $5,685, as documented on OpenSecrets, suggests GEICO's engagement in political activities through its PAC. From an anti-fascist perspective, while any corporate political activity carries potential risks of influence, the modest amount indicates limited involvement in shaping policy towards authoritarian agendas.
- DEC312024
Data released by OpenSecrets shows that the insurance industry spent over $155 million on lobbying in 2024. Given GEICO's status as a major insurer, it is likely involved in these industry-wide efforts to influence lawmakers, raising concerns about corporate political influence and potential regulatory capture.
-50
Political Contributions and Lobbying Efforts
May 3
The reported $155 million in lobbying expenditure for the insurance sector underscores a systemic effort to shape policy in favor of industry interests. As a prominent player in the insurance market, GEICO's likely participation in such efforts can be seen as contributing to undue corporate influence over public policy, which undermines democratic accountability and transparency.
- JUL082024
GEICO is also settling a separate case in New Jersey for $1.9 million over its alleged failure to pay transfer fees on total loss claims, raising concerns about its overall business practices and fee management in claims processing.
-40
Business Practices and Ethical Responsibility
May 3
The settlement suggests problematic business practices regarding fee management in claims processing. GEICO’s alleged failure to pay transfer fees on total loss claims indicates lapses in ethical responsibility and corporate accountability.
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
- JUL082024
GEICO has agreed to pay $6 million to settle claims from 806 auto damage adjusters who allege unpaid overtime. The adjusters claim they were discouraged from recording extra hours, resulting in violations of the Fair Labor Standards Act.
-70
Labor Relations and Human Rights Practices
May 3
The settlement addresses allegations that GEICO systematically required adjusters to work off-the-clock and discouraged the recording of overtime hours to meet productivity metrics. This reflects a significant violation of labor rights and worker protections.
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
- MAY062024
GEICO has settled with the NLRB over allegations of engaging in illegal anti-union practices, including discouraging employees from organizing by warning them they might get on GEICO's radar if they filled out union authorization cards. As part of the settlement, GEICO agreed to post a notice informing employees of their rights under federal labor law.
-70
Labor Relations and Human Rights Practices
May 3
The settlement with the NLRB highlights GEICO's engagement in practices that undermined workers' rights by deterring union organization, a move that supports anti-union, authoritarian behavior against labor rights. This negative action is reflected in the low score under Labor Relations and Human Rights Practices.
- MAR142024
A class and collective action lawsuit alleges that GEICO systematically forced special investigators to work overtime without proper compensation and manipulated timekeeping records, in a violation of labor laws.
-80
Labor Relations and Human Rights Practices
May 3
The lawsuit accuses GEICO of deliberately enforcing excessive work hours without overtime pay and altering timecards, which undermines worker rights and violates labor regulations. Such practices reflect unethical business behavior that compromises labor standards.
GEICO Owes Special Investigators Unpaid Overtime, Lawsuit Alleges
- JAN302024
A class action lawsuit in Massachusetts alleges that GEICO failed to pay terminated employees their full wages on the day of termination, instead delaying the final paycheck, in violation of the state’s Wage Act. The suit claims that GEICO’s policy of issuing payments on the next scheduled payday, despite legal requirements for timely payment, breached labor laws.
-40
Labor Relations and Human Rights Practices
May 3
The lawsuit highlights a serious labor violation by GEICO in delaying final payments to terminated employees, which undermines workers' rights and fair labor practices. Delaying wage payments can be seen as an unethical labor practice that negatively impacts the financial stability and dignity of workers. Such practices contribute to broader systemic issues that marginalize vulnerable employees.
GEICO Hit with Class Action for Allegedly Issuing Late Final Payments to Terminated Employees
- OCT052023
The National Labor Relations Board has found merit in charges against GEICO for engaging in anti-union actions, including discouraging union organizing through emails that invited employees to call the police on union organizers and removed union-related bulletin boards. A proposed settlement could require the company to notify its employees about its commitment to cease such practices.
-75
Labor Relations and Human Rights Practices
May 3
GEICO's conduct, including discouraging union organizing through emails and removing union-supportive materials from the workplace, demonstrates a significant disregard for worker rights. These anti-union practices undermine fair labor standards and contribute to broader authoritarian business practices by stifling workers' voices.
- JUN302023
GEICO has agreed to pay $805,000 to settle class-action lawsuits filed by claims adjusters who alleged unpaid overtime wages from May 27, 2019 to May 27, 2022. The settlement, affecting 91 plaintiffs across multiple states, comes after failed mediation efforts and ongoing disputes over timekeeping practices.
-30
Labor Relations and Human Rights Practices
May 3
The settlement highlights ongoing issues in GEICO's labor practices where claims adjusters were allegedly discouraged from accurately reporting overtime due to productivity evaluation metrics. This outcome reflects problematic labor relations and potential exploitation of workers, reinforcing concerns about unethical treatment of employees.
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
- JUN132023
The article details GEICO's opposition to unionization efforts, including sending anti-union emails advising employees to call police on union activists, contesting unemployment claims, and making changes to compensation plans that undermine worker benefits.
-70
Labor Relations and Human Rights Practices
May 3
GEICO's actions—including anti-union emails, advising employees to call police on union activists, contesting unemployment claims, and altering compensation plans—demonstrate a clear pattern of union-busting and undermining worker rights, which is counter to fair labor practices and supports authoritarian labor control.
Geico activists continue push to unionize, allege abuses by company
- OCT192020
A class action lawsuit alleges that GEICO failed to compensate its remote sales representatives for pre-shift, post-shift, and downtime work, thereby violating the Fair Labor Standards Act’s overtime provisions.
-80
Labor Relations and Human Rights Practices
May 3
The lawsuit claims GEICO did not pay employees for additional work required to log in and out of remote systems, failing to recognize legitimate work time. This practice undermines worker rights and reflects poor ethical labor standards, which is deeply concerning from an anti-authoritarian, pro-worker perspective.
Geico class action alleges company fails to pay workers for preshift duties
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Corporate Financials
- Revenue
- 2025
- $45.00B
- Total Assets
- 2025
- $57.00B
- Operating Income
- 2025
- $5.00B
- Total Equity
- 2025
- $30.00B
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