(Bloomberg) -- Geico, the auto-insurance unit at Warren Buffett’s Berkshire Hathaway Inc., agreed to a settlement with California regulators after its online price quotes misrepresented some coverage as the cheapest option available.
The insurer’s website showed bodily injury liability limits of $100,000 per person and $300,000 per accident as the smallest available for some customers based on their education level, occupation and gender, the California Department of Insurance said Monday in a statement. State law requires carriers to provide a minimum-limits policy of $15,000 and $30,000.
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