GEICO will invest $8.5 million to expand its Katy, Texas
, claims operations center creating 1,000 new jobs over the next three years.
"We're excited about expanding our claims operations with our new Katy office," GEICO chairman and CEO Tony Nicely said. "We know from the experience we've already had in Houston that it's a great environment for business; the workforce is excellent, and the quality of life is outstanding. We look forward to bringing more wonderful career opportunities to the people of the Greater Houston area."
"It's great news when companies like GEICO grow and expand their operations in the Texas insurance marketplace," Texas Commissioner of Insurance Julia Rathgeber said. "Texas is the 12th largest insurance market in the world. We are consistently looking for ways to improve and make Texas a smarter regulatory environment with the goal of attracting more companies and more capital to Texas. A competitive market is good for the industry and good for consumers."
"Whenever we hear about a major employer expanding or relocating to Texas, it affirms what we've been telling people all these years," Gov. Rick Perry
said. "When you create a place that rewards innovation and hard work and frees people to do best in pursuit of their dreams, good things happen. Like many cutting-edge companies, GEICO knows that Texas is a great destination for innovative companies looking to excel."