The closures have resulted in a whole lot of layoffs within the Golden State, the publication mentioned.
“We are monitoring to ensure shoppers are protected,” California Deputy Insurance 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 means of our direct channels for the greater than 2.18 million California prospects presently insured with us,” the corporate mentioned in a press release.
An insurance coverage agent advised a reporter on Thursday that they’d been “completely shut down” and had been unable to jot down new insurance policies.
The agent, who opened the door for lower than a minute, mentioned that the closure was on account of a choice by GEICO, not the native independently-owned insurance coverage company, based on 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 firm’s actions will make it more durable for shoppers to purchase GEICO insurance policies, significantly those that are pc challenged or want to satisfy an agent in particular person”, former California Insurance Commissioner Dave Jones advised The Sacramento Bee in an interview.
