GEICO closes all California offices, lays off workers

 
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PostPosted: Tue Aug 02, 2022 3:14 pm    Post subject: GEICO closes all California offices, lays off workers

https://www.msn.com/en-us/money/news/geico-closes-all-california-offices-lays-off-workers-report/ar-AA10ci55?ocid=msedgntp&cvid=58c4eb8f73c9404caee16bddcddeff69

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GEICO closes all California offices, lays off workers: report

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.

In this photo illustration, the Government Employees Insurance Company (GEICO) logo seen displayed on a smartphone. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images
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.


"We continue to write policies in California, and we remain available through our direct channels for the more than 2.18 million California customers presently insured with us," the company told the paper.

The California Department of Insurance, meanwhile, told FOX Business it is following the situation closely.

"We are monitoring to make sure consumers are protected," CDI said in a statement.

"California has a strong insurance market with more than 130 companies competing for consumers’ private passenger auto business and more than 70 companies writing homeowners insurance," CDI said. "We encourage consumers to look at their options for coverage in California’s competitive marketplace."
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PostPosted: Tue Aug 02, 2022 6:44 pm    Post subject:

Prolly why the 24/7 assault of their dumbass commercials has screeched to a halt in the last number of months. The gecko ones are bad enough 40x a day, but the ones with painfully unfunny/dribble cup stupid premises are worse. An idiot demonstrating a ridiculous premise while others stand there watching him/her in puzzlement is a thoroughly tired commercial trend over the past 15-20 years, especially. Geico was far from the only corp to use that gimmick since 2000, but it's really offensive when the company in question makes a load of different commercials of that kind and you see them a dozen times a day. It's punishing to anyone except for those who think Larry The Cable Guy and Carrot Top are funny. Geico's ads of that type make me long for the Sonic fast food commercials featuring those two nerdy dudes. They've since done away with them, but continued to do the same commercials w/ other people.
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LakerLanny
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PostPosted: Tue Aug 02, 2022 8:49 pm    Post subject:

15 minutes won't save you 15% on car insurance.
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PostPosted: Wed Aug 03, 2022 7:04 am    Post subject:

I’ve had Geico insurance for years and didn’t know where a local office was. Everything has been done online.
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PostPosted: Wed Aug 03, 2022 8:27 am    Post subject:

I thought it was so easy even a caveman could do it.
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leor_77
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PostPosted: Wed Aug 03, 2022 8:57 pm    Post subject:

You can be sure they will cut costs by closing offices / laying off workers, while at the same time raise premiums.
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PostPosted: Thu Aug 04, 2022 7:13 am    Post subject:

Did they fire the Gecko?
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jonnybravo
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PostPosted: Thu Aug 04, 2022 6:58 pm    Post subject:

venturalakersfan wrote:
I’ve had Geico insurance for years and didn’t know where a local office was. Everything has been done online.


Same with me and Wawanesa.
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