GEICO to Refund 15K NJ Drivers
GEICO will issue over 10.5 million dollars in refunds to more than 15000 New Jersey policyholders. State regulators penalized the insurer 1.2 million for improper business practices.
GEICO will pay $10.5M in refunds to 15,000 policyholders in United States following state market conduct investigations. The insurer faced regulatory scrutiny after numerous consumer complaints regarding improper business practices. State regulators also imposed a $1.2M penalty on the company and its affiliates.
