Buffett comes to town for GEICO ribbon cutting

Governor Mike Pence joins Warren Buffett for Geico ribbon cutting from TheStatehouseFile.com on Vimeo.

 

By John Sittler
TheStatehouseFile.com

INDIANAPOLIS – Gov. Mike Pence joined financial mogul Warren Buffett on Monday in Carmel to celebrate the opening of a new GEICO service center.

The center already employs over 250 Hoosiers and has promised an additional 150 jobs by the end of the year.

“This is a great Indiana success story,” Pence said.

GEICO, the nation’s third largest private passenger auto insurer, announced plans in March to open the service center which is expected to create as many as 1,200 jobs by 2016.

GEICO Chief Executive Officer Tony Nicely said the company had been considering three other states before deciding to locate the service center in Indiana. He said that he had talked to the leaders of companies already in Indiana who told him, “Come to Indiana and you’ll never be sorry.”

“They were so right about that,” Nicely said.

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, which owns three other subsidiary companies in Indiana, spoke briefly about the company, saying that their main purpose is to save people money.

He said that every day GEICO adds a policy holder they’re saving the American public money, as much as $3 billion combined.

Buffett has been associated with GEICO for 62 years or, as he said, “25 percent of the life of the country.”

Pence said GEICO’s investment is just another example of Berkshire Hathaway believing in Indiana.

“If you want to build a business that will grow and prosper, you build it in Indiana,” he said.

John Sittler is a reporter for TheStatehouseFile.com, a news website powered by Franklin College journalism students.

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