Friday, June 19, 2015

Deep in the Heart of Geico

Warren Buffett sees a need, sends in the gecko;
GEICO has unveiled a new auto insurance product in Texas for drivers of on-demand transportation network companies (TNC) like Uber, Lyft, Sidecar that covers both personal and ridesharing needs.
The Berkshire-Hathaway subsidiary is already increasing its market share in Maryland and Virgina by selling the product there.
GEICO Senior Vice President Robert Miller said the coverage can meet the need of TNC drivers required by states to have more than personal auto insurance and covers vehicles for personal use, ridesharing and other on-demand services.
Now all it needs is for California to move it on over and let the gecko (or Maxwell, or the Cavemen) in without the roadblocks it's just put up.

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