By MELISSA WILSONReuters| 09/10/2018 09:14:59 GEICO CEO Steve DeRisi has been named as one of the top executives who left the company after a scandal rocked the car insurer in the first week of 2018.
DeRisi, 56, has been on leave since the weekend, when he allegedly threatened to fire some GEICO executives for speaking out against GEICO’s $1.9 billion merger with a company called Autopilot.
The former GEICO executive was hired by Autopilots chief executive Andrew Zimmern to run its automotive business, which he was later named CEO of.
The fallout from that story, however, was a major headache for GEICO, as DeRisci publicly denied he threatened to sack any GEICO employees.
DeLisi has since been charged with six counts of felony perjury and six counts felony obstruction of justice stemming from the probe.GEICO is one of several major insurance companies that have faced allegations of sexual harassment or sexual assault.
GEICO is also one of many car insurance companies facing scrutiny over the role it plays in insuring some of the biggest vehicles in the country, including the Audi Q7, Nissan LEAF and Mercedes-Benz CLA.
While some of those cars are owned by large corporations, many of the vehicles are owned in small communities, meaning drivers have little access to the insurance that their insurance covers.
That’s why it’s not uncommon for drivers to pay more for insurance than the cost of their car.
While there are some car insurance policies that are quite generous, many car insurers charge far too much for car insurance to make up for the premium drivers pay for it, according to data compiled by the Insurance Information Institute, a Washington D.C.-based nonprofit.
The insurance industry has been under increased scrutiny in recent years as some states have begun regulating how much drivers pay to insure their cars.
In some cases, states have instituted minimum rates, which require drivers to be at least 21 years old to be eligible for coverage.
In 2017, California’s Insurance Department began requiring drivers to have an auto insurance policy with a minimum premium of $100,000, and by 2020, the state mandated the same minimum policy to be in place for all drivers.
States have also been working to crack down on auto insurance fraud.
In the first quarter of 2018, the Department of Motor Vehicles reported a 7% increase in the number of people who were cited for auto insurance violations in California.
The Department of Consumer Affairs also reported that there were an additional 7,000 vehicle and auto insurance claims filed in the state in 2018 compared to 2017, an increase of about 7% for drivers.
That means that drivers pay more out of pocket for auto coverage than they pay for gas or other fuel purchases.
While drivers often take advantage of those lower rates, the Insurance Department has been warning them to be aware of the increased premiums and make sure they’re paying for the coverage that they have.
The Insurance Information Institute, however in a report last month found that the average premium charged for a single-vehicle policy on GEICO in 2018 was $1,942, and drivers could expect to pay an additional $1 for auto premium in 2019.