GEICO’s Richardson office. [Photo: Business Wire]
National insurance giant GEICO announced the addition of 500 new jobs in North Texas during a ceremony to commemorate the expansion of its growing commercial insurance business.
The company said that 300 of those positions will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to serve the insurer’s small business customers, joining locations in Katy, Texas, and Fredericksburg, Virginia. The remaining 200 positions will be dedicated to sales, service, and claims roles in support of GEICO’s other lines of business.
Jason Andrukonis, GEICO’s head of Commercial Insurance Operations, said at the ceremony that North Texas brings an opportunity for GEICO to continue to grow in the commercial insurance market, which has an overall value of more than $300 billion.
“The thriving business community and deep bench of talent in North Texas make it a perfect home for our growing small business insurance operations,” Andrukonis said in a statement. “We consider our investment today a down payment that will help position GEICO to become the premier destination for all small business insurance. These teams will help small businesses across the country save money and protect their livelihoods.”
GEICO said the expansion follows significant growth in its commercial insurance business over the last 18 months, driven by new products including long-haul trucking insurance. The new positions will help manage this continued growth while serving the company’s expanding small business customer base.
“We’re excited to see this business expansion in our community and proud that GEICO continues to choose Richardson as one of its key operational hubs,” Richardson Mayor Bob Dubey said in a statement. “Our focus remains on building a community where businesses and residents alike can thrive, supported by amenities that foster growth and success. This announcement is a strong indicator that our efforts are paying off—enhancing our local economy and workforce while attracting new opportunities for growth and expansion.”
Now hiring
GEICO said it’s hiring for commercial insurance sales and service positions, while also offering leadership development opportunities for those seeking management careers.
Founded in 1936, GEICO (Government Employees Insurance Co.) insures more than 27 million vehicles in all 50 states and the District of Columbia. It is a member of the Berkshire Hathaway family of companies.
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.