CHICAGO—DiCello Levitt on Tuesday filed a class action lawsuit in the United States District Court for the District of Maryland on behalf of hundreds of insurance agency owners against Government Employees Insurance Company (GEICO) and GEICO Insurance Agency. In the lawsuit, the plaintiffs allege breach of contract in relation to policy renewal commissions as well as unjust enrichment by the insurance industry giants.
“While many of the plaintiffs invested their own money to build a valuable business relationship with GEICO, the defendants unjustly enriched themselves by defrauding our clients and breaching their contracts with them. At the same time, GEICO reported more than $1 billion in underwriting earnings for the third quarter of 2023,” said DiCello Levitt Founding Partner Adam Levitt.
The lawsuit details how the defendants unjustly retained customer premiums and commissions that belonged to the plaintiffs.
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At DiCello Levitt, we’re dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases—whether by trial, settlement, or otherwise—for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations—and our capital—on the line for our clients.
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Christine Schiffner: (703) 862-5202 or cschiffner@dicellolevitt.com