Top Insurance Agency Shutting Down

This was abrupt.

It has now been learned that insurance giant GEICO is closing all 38 of its offices in California and laying off hundreds of their employees because they will no longer sell insurance through telephone agents in the state.

This is not a cause for concern however. GEICO is not closing down they are simply moving away from telephone services in California and people will have to use their computer or mobile device instead.

This will however cause issues for Americans who are not technology proficient.

According to Fox, GEICO did not give a proper explanation as to why they were closing their offices in California but they will be closing nonetheless.

GEICO told media sources, “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 California Department of Insurance responded to the news by saying, “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. We encourage consumers to look at their options for coverage in California’s competitive marketplace.”