Tesla tried to use a loophole in regulation of public insurance by propping up its own private closed-loop system. The loophole may be closing, however, as its angry customers blow up like a SpaceX launch, proving Tesla once again is doing public harm that should have been predicted.
…accusations are based on the companies’ ongoing systemic failures and willful unfair claims settlement practices including, but not limited to, the following alleged violations:
- Egregious delays in responding to policyholder claims in all steps of the claims handling process, causing financial harm, out-of-pocket expenses, potential third-party liability exposure, and distress to policyholders
- Unreasonable denials and delays in fully paying valid claims to consumers
- Failure to conduct thorough, fair, and objective investigations of claims, thus denying consumers the insurance benefits they expect
- Failure to advise policyholders of their rights to have their claims denials reviewed by the Department – a major consumer protection in California to make sure insurers are held accountable by their regulator
Undermining consumer protections again while actively screwing consumers again? After decades of watching Tesla somehow avoid criminal charges, will they ever face a proper accounting?