(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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.