Why you should buy geico now

More than a dozen US state attorneys general have announced they are filing a lawsuit against geico over the $1 billion settlement that the company announced last week.

According to Reuters, the states say that the settlement is a direct violation of the US Constitution and the federal Trade Practices Act.

In their lawsuit, the attorneys general allege that geico and other companies have made unfair and deceptive business practices, including the sale of defective products and misleading advertising.

The companies have agreed to pay $3.9 billion to the states.