WASHINGTON FINES GEICO COMPANIES FOR BREACHES

Washington state has fined four Geico insurance companies, part of the Berkshire Hathaway conglomerate, $120,000 for using an “unapproved scoring model to evaluate and offer personal auto coverage to consumers in 2004”. Some 24,000 policies were evaluated under the unapproved system and 904 policyholders were affected, said Washington insurance commissioner Mike Kreidler. He said that the four companies — Government Employees insurance Co, Geico General Insurance Co, Geico Indemnity Co and Geico Casualty Co — had signed a consent order, agreed to pay the fine and comply with state requirements.