Original source: https://www.wsj.com/articles/tesla-plans-to-sell-owners-cheaper-car-insurance-11557221400
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Wall Street Journal (05/07/19) Scism, Leslie
Tesla along with Markel Corp., as well as a third party company, are working to a Tesla branded insurance policy plan which CEO Elon Musk says will provide a lower-cost merchandise to motorists. He says the product will take into consideration the safety advantages of their cars’ Autopilot platform, and Tesla says compared to other insurance companies do it has information on the operation of its own automobiles and their drivers. Robert Hartwig, manager of the Risk and Uncertainty Control Center at the University of South Carolina’s Darla Moore School of Business, states Tesla’s projected offering”is symbolic of the types of partnerships which traditional automobile carriers will need to invent with vehicle manufacturers and data and applications conglomerates if they expect to survive the transition in the current atmosphere.” He says the danger from Tesla’s insurance policies could be moved into one insurer, a consortium of insurers, or any combination or insurance companies and reinsurers…. Read More
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