Berkshire Hathaway’s auto insurance unit Geico has fallen behind the curve on telematics to drive the underperformance vis-à-vis rival Progressive and must be reversed in the “next year or two,” the company’s deputy chairman for insurance Ajit Jain (pictured) told the Berkshire Hathaway annual meeting.
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Berkshire Hathaway, Geico, AGM, Auto, Telematics, Insurance, Reinsurance, Ajit Jain, Warren Buffett, North America