Tag: California auto insurance

Tesla Insurance rolls out driver safety score to Californian customers

H. Cutner
Tesla Insurance - Driver - Tesla steering wheel

The electric carmaker insists that the tally is being used exclusively for “educational purposes.” Tesla Insurance recently announced that it has rolled out its controversial driver safety score to its customers in California, the largest market for the coverage. The score is based on real-time tracking of driver behaviors while using the vehicle. According to Tesla Insurance, the driver safety score’s purpose is for education only, and that it will not impact driver premiums for the moment. The electric automaker has been selling its coverage in California for some time…

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California auto insurance refunds expected as insurers pay back pandemic windfall profits

Marc
California auto insurance refunds - person with money

Insurance Commissioner Ricardo Lara puts a stop to the added profits insurers are taking in from COVID-19 changes. Millions of drivers are likely to receive additional California auto insurance refunds following Insurance Commissioner Ricardo Lara’s recent action to require insurers to pay back pandemic windfall profits. The commissioner received applause from consumer advocate and economic ethics groups. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) both applauded Lara for his decision to send pandemic windfall profits back to consumers through further California auto insurance refunds.…

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CFCEF petitions California auto insurance companies to lower rates or issue refunds

Nordstrom
California auto insurance companies - Truck on road in California

Non-profit consumer advocate, Consumer Federation of California Education Foundation launched the action. The Consumer Federation of California Education Foundation (CFCEF) has petition the state insurance commissioner to require California auto insurance companies to reduce their rates, issue credits, or issue refunds. The CFCEF says that insurers in the state have been making massive profits at the expense of drivers. The CFCEF’s petition accused California auto insurance companies of “making windfall profits” as a result of the stay-at-home requirements in the state. Those orders were made on March 19, keeping millions…

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$500,000 care insurance fraud ring suspects arrested in California

G. Turner
Car Insurance Fraud Ring - damaged car

Four suspects have been arrested in this case for reportedly scamming insurers out of half a million dollars. Investigators in California have arrested four suspects for their alleged involvement in a car insurance fraud ring. Their alleged activities cost scammed insurers $500,000 until they were found out by the California Department of Insurance, San Diego County District Attorney’s Office, and the California Highway Patrol. The four arrests were made earlier this month following a substantial investigation into the scam. According to reports, the car insurance fraud ring involved dealers buying…

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Tesla Insurance launches, sending the electric vehicle maker into a new industry

Julie Campbell
Tesla Insurance - Tesla Car - Steering wheel

At first launch, the auto coverage will be available only in California and for the company’s customers. The Tesla Insurance coverage for the company’s electric vehicles and that was first announced earlier this year has now launched in California. The idea is to make premiums 20 percent to 30 percent more affordable for drivers of Tesla’s electric cars. Elon Musk first announced his intentions to launch the product back in April 2019. At that time, Elon Musk had assumed that the Tesla Insurance product would launch quite quickly. That said,…

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