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Geico Insurance Company Dallas Office 25th Anniversary Celebration

Written By Realtime Popular on Thursday, June 30, 2011 | 9:34 PM

DALLAS GEICOs regional office in Dallas will host a special opening on June 30, in celebration of 25 years in the Dallas/Fort Worth Metroplex. The Dallas office opened its doors in June 1986 among a total of 34 associates. Today, the GEICO operations office employs nearly 1,500 associates and serves more than one million policyholders.

For the past 25 years, GEICO and the Dallas community have maintained an outstanding partnership, said Gary Brown, GEICOs regional vice president in Dallas. As we celebrate a major milestone in GEICOs history, none of this would have been possible without the hard work and dedication of our associates whove played a pivotal role in the companys oversuccess.

Since its opening, the Dallas office has been recognized as a Best Place to Work. The office actively works among the community in supports many local and national causes such as the United Way of Dallas, Habitat for Humanity, Susan G. Komen - Race for the Cure and The Leukemia & Lymphoma Society.

To mark its 25th anniversary, the Dallas office has scheduled a reception to recognize associates hired in 1986 and will show a presentation highlighting the accomplishments of the past 25 years. GEICO Chairman, President and CEO Tony Nicely will take part in the celebration activities. Texas Governor, Rick Perry also congratulated GEICO on 25 years of success among an official proclamation. 2011 marks GEICOs 75th anniversary since its 1936 founding in Texas.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger car insurer in the United States. The company is celebappraisal its 75th anniversary this year. GEICO handles car insurance provision for 10 million private passenger car policies and insures more than 16 million vehicles.

In addition to car insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), and mobile homes. Provision for life, boats, homes and apartments is available through the GEICO Insurance Agency. Commercial car insurance and personal umbrella protection are also available.

As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys.

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Car Insurance Cap Changed!! It Should Be!

A group looking into New Brunswick's car insurance system is being told the program should be completely changed, not just tweaked.

The New Brunswick Car  Insurance Working Group held public hearings across the province on whether the $2,500 cap on benefits for soft-tissue injuries should be increased and if the definition of minor injuries should be made clearer.

At the last meeting held in Fredericton Wednesday night, there were calls to follow the lead of Newfoundland which deducts $2,500 from insurance claims  no matter what the injury or the size of the payment.

Paula Colter has spent the past two years in pain, both physical and emotional, following a motor vehicle accident that wasn't her fault.

She told the working group that the current system is unfair.

Colter said she's been frustrated and angry at the treatment she's received from the insurance industry, which insists her injuries don't qualify for more than the cap.

"It just feels like you're being victimized twice," she said. "It's not a good system. It's not a good system."

Colter said the Newfoundland insurance program is fairer.

Fredericton lawyer George MacAllister agreed that when the insurance cap system was brought in to reduce premiums, it was applied unfairly.

"Why are the victims  not victims, but only some victims  being asked to bear the burden of low premiums" he asked.

Michel Leger, chairman of the working group, said his mandate is to look at the cap and the definition of injuries, although the final release will likely include comments on a deductible car insurance system.

The cap on court-ordered awards was a product of the former Progressive Conservative government's car insurance reforms in 2003.
12:42 PM | 0 comments | Read More