Assured Automates Information Collection For Auto Insurance Claims

Getting into a car accident is frightening. Having to explain what happened to your auto insurance company can be even more stressful. Claim specialists spend exorbitant amounts of time and effort to get all the necessary information from the claimant. The more time spent recording key information needed to process a claim, the longer it takes for the claimant to get reimbursed. Justin Lewis-Weber and Theo Patt saw the locked value behind this archaic process, creating Assured to fix it. Assured is an insurtech startup creating claims automation technology to streamline processing insurance claims. The San Francisco-based company has raised money from Global Founders Capital, Neo, and Henry Kravis.

Neo CEO Ali Partovi says, “I love betting on founders like Justin and Theo who dare to reimagine the status quo. Assured is on track to enable a breakthrough that has eluded the insurance world for years, and the team’s industry

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Nikola executives seek to calm investor anxiety after fraud claims delay $2 billion deal with GM, shares jump

Nikola Motor Company

Source: Nikola Motor Company

Nikola executives sought Wednesday to calm investor anxiety following fraud claims involving the company’s technology and its founder, Trevor Milton, who resigned as executive chairman last week.

Nikola Executive Chairman Steve Girsky and CEO Mark Russell said the company’s production timeline and factory plans remain on track, even as controversy over Milton’s departure appears to call into question Nikola’s $2 billion deal with General Motors that was scheduled to close Tuesday. While Russell acknowledged that the negotiations continue, he declined to discuss more details.

Girsky, in some of his first public comments since Milton’s resignation, said Nikola’s board remains “very supportive” of Russell and his team’s ability to achieve previously announced production targets.

“We’re excited about the vision. The vision excited a lot of people. The job now is about execution,” Girsky, a former GM executive, told CNBC during a phone interview Wednesday.

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Trump claims credit for electric vehicle incentives his administration opposes

President Trump claimed during Tuesday’s debate that his administration has given “big incentives” to electric cars, despite a consistent push from his White House to pull the plug on federal tax credits for the vehicles.



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© Provided by Washington Examiner


“I’m okay with electric cars, too. I’m all for electric cars,” Trump said during a climate change segment within Tuesday night’s debate. “I’ve given big incentives to electric cars, but what they’ve done in California is just crazy.”

Trump didn’t go into detail, but he was likely referring to Democratic California Gov. Gavin Newsom’s commitment last week to require 100% zero-emissions vehicle sales in the state starting in 2035, essentially banning the sale of new gas-powered cars by that year.

The president’s claims that he supports electric car incentives don’t hold up, however. The White House has repeatedly sought to kill tax credits, which offer consumers a $7,500 incentive

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Lawsuit claims local auto dealer’s lie led to catastrophic brain damage

A Tarrant County family is suing Don Davis Auto Group alleging dishonest sale of a Toyota Tundra that, according to the lawsuit, led to the catastrophic brain damage of a Hurst man.

A spokesperson for the auto group did not respond to multiple requests for comment.

The lawsuit, which seeks $70 million, claims that plaintiff Daniel Todd Arnold was left with brain damage when his wife was driving and got into a minor single-car accident in September 2017.

The roof of the car, which the lawsuit claims Arnold was told by a salesman was made out of “super steel,” folded back like a “cheap tomato can” and damaged his brain, the suit claims.

The lawsuit calls him incapacitated.

Arnold was in the front passenger seat. His daughter and a friend were in the back seat, according to the lawsuit, and were not injured. Arnold’s wife sustained minor injuries.

The

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Trump’s False Auto Industry Claims



a car parked in a parking lot


© Provided by FactCheck.org


Continuing a yearslong trend, President Donald Trump made false and misleading comments about new auto plants in Michigan, and the industry at large — boasting in recent campaign rallies about accomplishments that aren’t true.

  • Trump claimed his entreaties to the prime minister of Japan led to the announcement of “five plants” in Michigan. There have been five new investments — not “plants” — by Japanese car companies since 2017; one of them is a manufacturing facility for fuel cells, not an auto assembly plant.
  • The president falsely claimed there hadn’t been a new auto plant built in “40 years.” Volvo and Mercedes-Benz both announced new plants in 2015. 
  • He claimed that car manufacturing and sales were “record setting.” Neither is at record levels, and annual figures show manufacturing and sales have dropped since 2016 under Trump.

The number of motor vehicle and parts manufacturing jobs in

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Trump’s False Auto Industry Claims

Continuing a yearslong trend, President Donald Trump made false and misleading comments about new auto plants in Michigan, and the industry at large — boasting in recent campaign rallies about accomplishments that aren’t true.

  • Trump claimed his entreaties to the prime minister of Japan led to the announcement of “five plants” in Michigan. There have been five new investments — not “plants” — by Japanese car companies since 2017; one of them is a manufacturing facility for fuel cells, not an auto assembly plant.
  • The president falsely claimed there hadn’t been a new auto plant built in “40 years.” Volvo and Mercedes-Benz both announced new plants in 2015. 
  • He claimed that car manufacturing and sales were “record setting.” Neither is at record levels, and annual figures show manufacturing and sales have dropped since 2016 under Trump.

The number of motor vehicle and parts manufacturing jobs in Michigan has gone down

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New row: FADA claims stocks building up, car-makers say no

After sparring over market share numbers, the Federation of Automobile Dealers Associations (FADA) and OEMs are at loggerheads over inventory levels. While FADA says dealerships are carrying too much stocks, automakers don’t think so.

“It is clear from the wholesale numbers (provided by SIAM) and retail sales data (provided by FADA) that while OEMs are showing a growth in their sales, at the retail level, these number of vehicles are not being sold to the end customers. The gap in between is creating an excess inventory at dealers end,” Vinkesh Gulati, President, FADA, told BusinessLine.

 

According to SIAM data (of wholesale despatches), in August passenger vehicle sales were up 14.16 per cent year-on-year, while FADA numbers (tracking actual sales to customers) show that PV sales fell by 7.12 per cent. Similarly, in the two-wheeler segment, going by SIAM numbers, sales were up 3 per cent y-o-y in August, while

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Know How a Motor Vehicle Accident Lawyer Handles Compensation Claims

Anyone who gets injured in a motor vehicle accident should hire an attorney to help them with their compensation claim. You might wonder why this is necessary. Often the injury happens due to the carelessness of someone else.

When such a situation arises, there could be many kinds of financial losses which the victim and his or her family might incur. He/she will have to deal with medical bills, or other expenses such as the cost of a chiropractor or physiotherapist. They may even have lost wages due to the injury.

In extreme cases such as death, the victim’s family may find themselves facing a devastating financial situation. In order to help alleviate some of these difficulties, a Motor Vehicle Accident Lawyer can often assist the victim and their family.

Hiring a motor vehicle accident lawyer soon after an accident is very important as injuries may require extensive rehabilitation. A … Read More

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