GEICO insurance company plans to expand its claims operations in the Katy area, bringing about 1,000 new jobs and $8.5 million in capital investment over the next five years, according to a joint announcement Dec. 2 by GEICO CEO Tony Nicely and Gov. Rick Perry.
"We're excited about expanding our claims operations with our new Katy office," 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."
The company, which was founded in Fort Worth in 1936 and now employs about 29,000 workers, has leased Mason Creek Office Center I, at 21420 Merchants Way in Katy and expects to employ about 400 people by 2015 and add up to 600 more by 2018. The positions will include entry-level claims representatives, degreed candidates for liability claims representatives and college graduates for the company's "fast-track management development program" with a claims operations focus, according to a statement from the company.
The new center, when fully staffed, will represent a significant shift in the Katy area's employment landscape, said Lance LaCour, president and CEO of the Katy Area Economic Development Council.
