GEICO has closed all of its 38 offices in California, resulting in the layoffs of hundreds of workers, though residents can still obtain policies through a computer.
GEICO has reportedly closed all 38 of its agent offices in California, laid off hundreds of employees, and will no longerCalifornians can still obtain GEICO policies in the state, but only through aIn this photo illustration, the Government Employees Insurance Company logo seen displayed on a smartphone.
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.
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