GEICO leadership said this week that the company is working with Florida policyholders after a snafu inadvertently alerted people that their driver licenses had been suspended.
The auto and property insurance company did not reveal details about what happened, only that a “reporting issue” sent erroneous information to the Florida Highway Safety and Motor Vehicles department. The notices indicated that numerous drivers’ policies had been canceled, the department explained on its website.
The error affected drivers whose policies were renewed between Jan. 1 and April 13. A number of policyholders received notices that their licenses had been suspended due to a lapse in auto insurance coverage. Policyholders can now check the status of their licenses by going to the FLHSMV website.
“GEICO recently identified a reporting issue involving insurance information submitted to the Florida Department of Highway Safety and Motor Vehicles,” a GEICO statement reads. “GEICO is working closely with FLHSMV to address the issue and correct affected records. GEICO will be proactively contacting policyholders who may be impacted and has a dedicated team in place to assist them and answer any questions.”
The number of records affected was not reported.
“We sincerely apologize for any inconvenience this may have caused,” the Georgia motor vehicles department said in a statement. “Our team is actively working with GEICO to correct the reporting error and ensure your insurance information is accurately reflected in our system.”
One south Florida state legislator spoke out about the reporting error, saying Floridians should not have to deal with the fear and confusion of an erroneous license suspension notice, local news sites reported.
An Allianz Commercial report out this week shows the frequency and intensity of SCS events continue to increase, pushing global insured losses into the billions of dollars.
The risk report examines the growing SCS threat, which can come with little to no warning and pose “knock-on effects” like flash flooding. According to Alllianz, SCS events amounted to $60 billion last year, or nearly half of all insured natural catastrophe losses.
SCS losses for the last three years total $208 billion in today’s dollars, exceeding long-term averages. In 2025, these storms were 1.3 times as high as the 10-year average, and U.S. insured losses from SCS events were 1.4 times as high as the average for the 10 years from 2015 to 2024, the report shows.
More insurers lately are turning out reports with an eye on mounting losses from SCS events and secondary perils. A Swiss Re Institute report out last week shows that SCS events, as well as floods and wildfires, drove a record 92% of total global natural catastrophe insured losses of $107 billion in 2025.
Gallagher Re in January issued a report showing that SCS events drove at least 47% of insured losses. It states that in 2023, 2024 and 2025, SCS events cost global insurers $208 billion, making the peril “a dominant annual loss driver for the industry.”
According to Allianz, the most significant SCS losses are from hailstorms, which account for as much as 50% to 80% of all losses. The next biggest loss driver is damaging winds, such as tornadoes and derechos.