Business
Geico Accused of Discriminating Against Low-Income Drivers
(CNN) – While the Geico gecko has been busy charming us in his commercials, the company has allegedly been discriminating against low-income drivers in California.
Geico is accused of failing to offer policies that offer the minimum amount of coverage legally required to these drivers, which also happen to have the lowest premiums, according to the Consumer Federation of California.
In fact, insurance companies are required by state law to offer good drivers this option.
Geico is actually owned by Berkshire Hathaway, which is run by Warren Buffett, a billionaire who often speaks up for the little guy.
An idea that’s been dubbed the “Buffett Rule” is that billionaires like himself should never pay a smaller share of their income in taxes than a middle class family pays. Buffett has also advocated for a higher earned income tax credit, which helps low-income working families.
