The closures have resulted in a whole lot of layoffs within the Golden State, the publication stated.
“We’re monitoring to ensure shoppers are protected,” California Deputy Insurance coverage Commissioner Michael Soller stated in a press release shared with The Sacramento Bee.
GEICO continues to put in writing enterprise within the state, a spokesperson reportedly confirmed.
“We proceed to put in writing 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 stated in a press release.
An insurance coverage agent instructed a reporter on Thursday that that they had been “completely shut down” and had been unable to put in writing 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 provider reportedly stopped new coverage telephone gross sales within the state a 12 months in the past, which 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 want to satisfy an agent in individual”, former California Insurance coverage Commissioner Dave Jones instructed The Sacramento Bee in an interview.