(Bloomberg) -- Geico, the auto-insurance unit at WarrenBuffett’s Berkshire Hathaway Inc., agreed to a settlement withCalifornia regulators after its online price quotes misrepresentedsome coverage as the cheapest option available.
The insurer’s website showed bodily injury liability limits of$100,000 per person and $300,000 per accident as the smallestavailable for some customers based on their education level,occupation and gender, the California Department of Insurancesaid Monday in a statement. State law requires carriers toprovide a minimum-limits policy of $15,000 and $30,000.
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