Saturday, September 24, 2022
HomeInsuranceGEICO unveils large workplace closures, tons of laid off

GEICO unveils large workplace closures, tons of laid off


The closures have resulted in tons of of layoffs within the Golden State, the publication stated.

“We’re monitoring to ensure customers are protected,” California Deputy Insurance coverage Commissioner Michael Soller stated 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 via our direct channels for the greater than 2.18 million California prospects presently insured with us,” the corporate stated in a press release.

An insurance coverage agent instructed a reporter on Thursday that that they had 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, stated that the closure was on account of a choice by GEICO, not the native independently-owned insurance coverage company, based on the report.

The service reportedly stopped new coverage telephone gross sales within the state a 12 months in the past, which means customers 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 customers to purchase GEICO insurance policies, notably those that are pc challenged or desire to fulfill an agent in particular person”, former California Insurance coverage Commissioner Dave Jones instructed The Sacramento Bee in an interview.

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