Geico Insurance Closes All Offices in California Resulting in Hundreds of Layoffs

Fox News: GEICO has reportedly closed all 38 of its agent offices in California, laid off hundreds of employees, and will no longer sell insurance through telephone agents in the state. Californians can still obtain GEICO policies in the state, but only through a computer or a mobile device, posing a challenge for those who are not technologically proficient. The precise reasons for the closures in California and massive layoffs remain unclear. FOX Business has reached out to the company for more information. In a statement to the Sacramento Bee, a company spokesperson declined to elaborate on the changes, but clarified that GEICO was not leaving the Golden State (Fox News). 

Sacramento Bee: The California Department of Insurance is following GEICO’s actions, said California Deputy Insurance Commissioner Michael Soller. “We are monitoring to make sure consumers are protected,” he said in a statement (Sacramento Bee).