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Stock impact report

GEICO Extends Policy Cancellation Pause Through May 31

Berkshire Hathaway Inc. (BRK.A) 
Last berkshire hathaway inc. earnings: 8/4 05:00 pm Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Business Wire
CHEVY CHASE, Md.--(BUSINESS WIRE)--With the economic effects of COVID-19 continuing to touch so many Americans, GEICO is extending its policy cancellation pause through May 31, 2020.On March 20, 2020, GEICO voluntarily announced it would pause policy cancellations due to non-payment and policy expiration through April 30, 2020. The company is extending the cancellation pause to further assist customers during this period of great uncertainty.“As an insurer, we are used to being there for our customers at difficult times,” GEICO President and CEO Todd Combs said. “Our commitment to our customers is unwavering, and we are committed to supporting them through this unprecedented crisis.”Earlier this month, GEICO announced it was providing a 15 percent credit to its private passenger auto, motorcycle and RV policyholders, where permitted. The GEICO Giveback is applied as policies come up for renewal between April 8 and Oct 7 (or April 8, 2020, and April 7, 2021, for 12-month policies). Show less Read more
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