Tuesday, March 28, 2023
HomeInsuranceGEICO unveils big workplace closures, a whole lot laid off

GEICO unveils big workplace closures, a whole lot laid off

The closures have resulted in a whole lot of layoffs within the Golden State, the publication mentioned.

“We’re monitoring to verify shoppers are protected,” California Deputy Insurance coverage Commissioner Michael Soller mentioned in a press release shared with The Sacramento Bee.

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

“We proceed to jot down insurance policies in California, and we stay accessible by way of our direct channels for the greater than 2.18 million California clients presently insured with us,” the corporate mentioned in a press release.

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

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

The service reportedly stopped new coverage cellphone 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 tougher for shoppers to purchase GEICO insurance policies, notably those that are pc challenged or want to fulfill an agent in individual”, former California Insurance coverage Commissioner Dave Jones instructed The Sacramento Bee in an interview.



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