The closures have resulted in tons of 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 an announcement shared with The Sacramento Bee.
GEICO continues to write down enterprise within the state, a spokesperson reportedly confirmed.
“We proceed to write down insurance policies in California, and we stay obtainable by way of our direct channels for the greater than 2.18 million California prospects presently insured with us,” the corporate mentioned in an announcement.
An insurance coverage agent advised a reporter on Thursday that that they had been “completely shut down” and had been unable to write 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 accordance 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, significantly those that are laptop challenged or want to fulfill an agent in particular person”, former California Insurance coverage Commissioner Dave Jones advised The Sacramento Bee in an interview.