USA TODAY US Edition

INSURANCE RATES GOING UP AT GEICO, BUFFETT SAYS

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Investor Warren Buffett says distracted driving appears to be a growing problem on American roads that contribute­d to an increase in deaths last year and hurt profits at his company’s Geico insurance unit. Buffett said on CNBC on Monday that auto insurance rates are going up this year because of the increased occurrence and severity of accidents last year. The National Safety Council estimates the number of traffic deaths in the U.S. rose 8% from 2014 to 2015, the largest year-to-year percentage increase in a half-century.

 ??  ?? DANIEL ACKER, BLOOMBERG
DANIEL ACKER, BLOOMBERG

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