Editor's note: Steven A. Meyerowitz, Esq., is a director of FC&S Legal. FC&S and PC360 are both owned by Summit Professional Networks.
Massachusetts Commissioner of Insurance Joseph G. Murphy has reached an agreement with Government Employees Insurance Company and Geico General Insurance Company (together, Geico) resolving what the Division of Insurance (DOI) said were inconsistencies in Geico's reporting of accident information to state agencies and policyholders.
Under the terms of the agreement, Geico has agreed to modify certain portions of its current business procedures, implement new procedures, and pay a $275,000 fine. An additional $275,000 fine has been suspended pending a future re-examination by the DOI, an agency within the Massachusetts Office of Consumer Affairs and Business Regulation.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
