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Tesla faces class action for overcharging insurance with fake crash warnings

Tesla is about to face a class action after a judge refused to dismiss a lawsuit alleging that the automaker overcharged people using its insurance with “real-time data” after increasing their premiums over “fake crash warnings”. When launching its own car insurance product, Tesla utilized its capacity to collect real-time driving data from its vehicles to create what it calls a “Safety Score,” which basically gives drivers a score based on how and when they drive in order to affect their monthly…

Insurance industry’s role in tackling climate change risks

Mining foreman R. Thornburg shows a small cage with a canary used for testing carbon monoxide gas in 1928. Credit: George McCaa, U.S. Bureau of Mines Throughout the 19th and 20th centuries, canaries were used in coal mines to assess the risk of toxic gases. If the birds became ill or passed away, their fate served as a warning for miners to vacate the premises.

Construction litigation blocking condo development in Colorado

Where Shelby’s Bar & Grill long stood on the corner of 18th and Glenarm streets, and before that the old Broadway Hotel, two towers are rising that will provide 461 for-sale condos, defying the odds in more ways than one. The project represents a vote of confidence in downtown Denver at a time when office vacancy rates have soared above 30% and remote work has left the future of central business districts uncertain. And it conveys a degree of faith by Amacon, the Canadian developer behind the project, that Colorado’s…

As pet owners turn to mobile insurance apps, Lassie raises $25M Series B led by Balderton

We last wrote about Lassie, a pet health app and insurance provider, when it closed an €11 million Series A round in 2022. It’s growth had been spurred by the boom in pet ownership during the pandemic (nearly half of all European households now own a pet, and and owners spend €23.5 billion on them annually) and when pet owners turned to mobile apps to maintain their pet’s health. This turned out to be a big driver of pet insurance companies such as ManyPets (UK) and Dalma (France). Lassie has now raised €23 million…

Target Stock Surges as Earnings Grew by 36% to Overshadow Sales Decline

Updated Nov. 15, 2023 8:11 am ETPeople are skipping their Target runs, but the company is finding ways to boost profits.Target sales fell in the period just before the holiday shopping season as it grappled with choosy shoppers cutting spending on some products and visiting stores less often. Comparable sales, those from stores and digital channels operating at least 12 months, fell 4.9% in the three months ended Oct. 28 from the prior year.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.

Biobank, the UK’s biomedical research database, shared sensitive health data of ~500K volunteers with insurance companies despite…

Streamline your email outreach strategy for success  —  This is a guest post by Upwise.  For a successful email outreach, it's crucial to align sales data with the marketing strategy.  However, this alignment is often hindered by siloed systems. Streamline your email outreach strategy for success  —  This is a guest post by Upwise.  For a successful email outreach, it's crucial to align sales data with the marketing strategy.  However, this alignment is often hindered by siloed systems. FOLLOW US ON GOOGLE NEWS…

$2 Billion Default Followed Warnings to Everyone but Investors

Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC and which could leave nearly 28,000 investors empty-handed Alexandra Citrin-Safadi/The Wall Street Journal; Photos: Reuters, Getty Images, Bloomberg News, EagleView, Kansas Reflector Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC and which could leave…

Do’s and Don’ts to Claim Insurance for Flood Affected Vehicles, Details Here

Don’t try to start your vehicle if it was submerged in water. Or else you will not get any claim — insurance or warranty, is the advice that is largely now being heard.Vehicles getting submerged due to heavy rain or being washed away by flood waters seems to be becoming a regular feature in India.During the 2015 Chennai floods several cars and two-wheelers got submerged. Those who had a comprehensive insurance policy and didn’t start their vehicles before the engine was set right were able to get an insurance claim.Roopam…

The Smart Gadgets That Can Save Your Home—and Your Money

Detecting water leaks and faulty wiring can protect your family’s biggest investment and your wallet. Detecting water leaks and faulty wiring can protect your family’s biggest investment and your wallet. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the…

Facing Big Storm Losses, Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits. Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…