Elon Musk-led Tesla’s insurance unit allegedly caused ‘financial harm’ and ‘distress to policyholders’; US state regulator claims

California regulators are taking enforcement action against Tesla’s insurance unit and State National for “willful unfair claims settlement practices,” alleging routine delays and denials causing policyholder distress. Despite warnings and commitments since 2022, complaints and violations have dramatically escalated, accumulating nearly 3,000 insurance law violations.

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