The chapter explores the reasons behind the rise in auto insurance rates, including advanced technology in cars leading to higher repair costs and distracted driving contributing to more accidents. It discusses the difficulty in finding lower insurance rates and raises privacy concerns regarding attaching monitoring devices to cars. The chapter also highlights the profitability of insurance companies and the impact of increased repair costs on customers.
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Bloomberg Businessweek Columnist Max Chafkin talks about Tesla earnings and Elon Musk's pursuit of a bigger stake in the company. Michael Levy, CEO of Crow Holdings, shares his outlook on real estate investment and development. Bloomberg News Auto Reporter Keith Naughton provides the details of his Businessweek Magazine story Car Insurance Prices Are Now Soaring at Fastest Pace in Decades. Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks news on Intel earnings. And we Drive to the Close with Greg Halter, Director of Research, Carnegie Investment Counsel.
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