GEICO closes all California offices, lays off workers: report

GEICO closes all California offices, lays off workers: report

GEICO has reportedly closed all 38 of its agent workplaces in California, laid off lots of of staff, and can not promote insurance coverage via phone brokers within the state. 

Californians can nonetheless acquire GEICO insurance policies within the state, however solely via a pc or a cell machine, posing a problem for many who should not technologically proficient. 

GEICO logo is seen on a smartphone

On this picture illustration, the Authorities Staff Insurance coverage Firm (GEICO) brand seen displayed on a smartphone.  (Photograph Illustration by Rafael Henrique/SOPA Photographs/LightRocket by way of Getty Photographs / Getty Photographs)

The exact causes for the closures in California and big layoffs stay unclear. FOX Enterprise has reached out to the corporate for extra data. 

In an announcement to the Sacramento Bee, an organization spokesperson declined to elaborate on the adjustments, however clarified that GEICO was not leaving the Golden State. 

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“We proceed to jot down insurance policies in California, and we stay obtainable via our direct channels for the greater than 2.18 million California prospects presently insured with us,” the corporate informed the paper.  

The California Division of Insurance coverage, in the meantime, informed FOX Enterprise it’s following the scenario carefully.

“We’re monitoring to ensure customers are protected,” CDI stated in an announcement.

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“California has a powerful insurance coverage market with greater than 130 corporations competing for customers’ personal passenger auto enterprise and greater than 70 corporations writing owners insurance coverage,” CDI stated. “We encourage customers to take a look at their choices for protection in California’s aggressive market.” 

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