GEICO insurance company announces new Chief People Officer

Insurance company - HR

Shannon Hobbs has now joined the insurer and will be overseeing corporate HR among other areas. The GEICO insurance company has recently announced that it has hired a new Chief People Officer, Shannon Hobbs. Hobbs came to work for GEICO following several positions at American Century Investments. As Chief People Officer, Hobbs will be responsible for overseeing the insurance company’s Corporate HR, recruiting, compensation and benefits, continuing education, talent development, diversity and inclusion, leadership/management training, and community engagement efforts. Before Hobbs was hired by GEICO, she had been at American…

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GEICO sweetens its insurance jobs with new education benefit

Insurance jobs - Education Benefits

The new benefit is being offered across the company, eliminating all upfront costs of education. GEICO has announced that it is adding a new education and growth benefit across the company to make insurance jobs even more appealing to the 40,000 existing associates and those considering a position with the company. The education benefit through GEICO Strive is available to current and new associates in the company. Through GEICO Strive, those with insurance jobs with the company will have access to over 220 schools and education providers and will enjoy…

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GEICO Executive Chair Tony Nicely retiring at the end of 2021

Geico Executive - Retirement

The announcement was made that he would be stepping down at the end of the year after a 60-year career. GEICO Executive Chair Tony Nicely has announced his retirement and that he will be stepping down from his position at the end of the year following his 60-year career in the industry. Before taking his current position with the insurance company, Nicely had been chair and CEO for 25 years. Under Nicely as CEO, chair and GEICO executive chair, the insurance company experienced its most powerful growth period, becoming one…

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Insurance job starting salaries rise as many insurers struggle to fill positions

Insurance job starting salaries - increase in money

Companies are finding it difficult to find enough applicants as they seek to hire in numbers. Insurance job starting salaries are on the way up at a number of insurers, particularly in locations that are proving especially difficult for filling positions. Even as the federal pandemic unemployment benefits have come to an end, insurers are still struggling. To boost appeal to applicants, many insurers have been advertising higher insurance job starting salaries. While some people are viewing this as an opportunity to start a new and rewarding career, others still…

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Insurance companies have teams ready for Hurricane Ida response

Insurance companies - hurricane damage

Home and auto insurers are confirming their availability for customers who need to reach them. Insurance companies always recommend that anyone affected by major events contact their insurers sooner rather than later. This is the case in the aftermath of Hurricane Ida as news releases remind policyholders of what they need to do to file a claim. GEICO has announced that its Response Team is in place and prepared to assist customers. This year, like last year, insurance companies face the additional challenge of helping their customers while preventing the…

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Geico to offer $2.5 billion in auto insurance credits due to coronavirus stay-at-home orders

Auto insurance credits - person riding motorcycle

The car insurer announced that it would be offering these discounts to motorcycle and vehicle policyholders. Geico announced this week that it would offer about $2.5 billion in auto insurance credits. The offers will go out to 19 million vehicle and motorcycle policyholders whose policies will renew between April 7 and October 7, 2020. The announcement was made by the car insurer in a published statement as well as in a tweet. The statement explained that Geico customers don’t need to take any additional action to take advantage of the…

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Will State Farm lose its US auto insurance dominance to Geico?

US Auto insurance - Hands and car

If current trends continue, the United States will have a new top vehicle insurer by 2022. For decades, State Farm has held onto the top spot among US auto insurance companies. That said, if recent trends keep up as they have been, it won’t be long before it loses its crown to a much younger rival. State farm has suffered business losses as a result of several steep rate hikes in recent years. The leader in US auto insurance has suffered steep losses after a spectrum of notably large rate…

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