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How GEICO Became the Second Largest Auto Insurance Company in the U.S.

ALEAJI UZOMA | May 9, 2019 | 133 views

One frequently asked question we often get is this: Is GEICO a good car insurance company?
The answer is primarily ‘yes’ and in this article we are going to be exploring how GEICO insurance company grew to become the second largest car insurance company in the United States. To learn more about getting the best insurance rate, read this article.How GEICO startedThe Government Employees Insurance Company started out in 1936 by Leo Goodwin who was a former employee of USAA and his wife Lilian.Leo Goodwin realized that federal employees, as a group, would constitute a less risky and more financially stable pool of policy holders compared to the general public and would make better than average drivers, with this assumption he started out GEICO auto insurance company. Despite the presence of the word government in its name, GEICO insurance company has always been a private corporation not affiliated with any U.S. government organization.

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The Insurance Institute is the premier source of professional education and career development for the country’s property and casualty insurance industry. Established in 1899, the Institute is a not-for-profit organization serving more than 39,000+ members across Canada through 19 volunteer-driven provincial Institutes and chapters. The Institute sets professional standards for the industry through education programs that lead to a range of designations and certificates, including the internationally recognized Chartered Insurance Professional (CIP) and Fellow Chartered Insurance Professional (FCIP). The 17,000+ graduates of these programs continue to enhance their expertise, experience and professional relationships by participating in the Institute-sponsored CIP Society.

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