GEICO has alleged that its suppliers billed the company $1,800 for a heating pad that cost $75. The insurer stated that the supplier charged a sum significantly higher than the item's actual value. Further details regarding the specific supplier, the date of the transaction, or the outcome of the dispute were not provided in the report.
Geico employs about 2,000 people in Richardson, according to local government records.
Source: Insurance Business.