Wednesday, November 30th, 2022

GEICO unveils large workplace closures, lots of laid off

The closures have resulted in lots of of layoffs within the Golden State, the publication mentioned.

“We’re monitoring to ensure shoppers are protected,” California Deputy Insurance coverage Commissioner Michael Soller mentioned in an announcement shared with The Sacramento Bee.

GEICO continues to write down enterprise within the state, a spokesperson reportedly confirmed.

“We proceed to write down insurance policies in California, and we stay accessible by our direct channels for the greater than 2.18 million California prospects presently insured with us,” the corporate mentioned in an announcement.

An insurance coverage agent informed a reporter on Thursday that they’d been “completely shut down” and have been unable to write down new insurance policies.

The agent, who opened the door for lower than a minute, mentioned that the closure was because of a choice by GEICO, not the native independently-owned insurance coverage company, in line with the report.

The provider reportedly stopped new coverage telephone gross sales within the state a yr in the past, that means shoppers now solely have on-line choices in the event that they want to buy or service a coverage.

“The corporate’s actions will make it more durable for shoppers to purchase GEICO insurance policies, notably those that are pc challenged or favor to satisfy an agent in individual”, former California Insurance coverage Commissioner Dave Jones informed The Sacramento Bee in an interview.

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