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In this week's Big I Buzz, we are discussing Tesla's new insurance, a newly proposed Wisconsin labor law and how DNA testing firm 23andMe is expanding into Telehealth.
Tesla's New Insurance Uses Real-Time Car Data to Decide the Likelihood of an Owner Crashing
Tesla has released a new insurance product where they will calculate premiums based on real-time driving behavior. According to Quartz, "To calculate the premium, the electric car maker will rely on a driver's "safety score" via the Full Self-Driving (FSD) Beta version released in September, which takes into account braking, turning, tailgating, forward collision warnings and forced autopilot disengagements to predict the probability of a collision... Already, wit the anonymized, aggregated data it has been using to offer insurance for the last couple of years, Tesla claims to generate savings of between 20% and 30% compared to traditional insurers. Using more data could cut down the price even more." While Tesla claims to generate savings compared to traditional insurers, only those who purchase the FSD software (an additional $10,000) will have access to their safety score data. Read more here.
Proposed Wisconsin Labor Law Hopes to Ease Worker Shortage with Longer Hours for Teens Age 14, 15
There's a new bill working its way through the Wisconsin Legislature which would allow 14 and 15 year olds to work longer hours. ABC7Chicago reports that the, "bill would allow teens to work until 9:30 p.m. on nights before a school day and until 11 p.m. when they do't have school the following day." The state Assembly still has to vote on the proposal before it would head to Gov. Tony Evers, and it is unclear whether he would sign it into law or veto it.
DNA Testing Firm 23andMe to Expand Into Telehealth With Lemonaid Acquisition
23andMe Holding Co. has announced that they will be purchasing privately-held company, Lemonaid Health as 23andMe looks to expand into telemedicine. Currently, 23andMe is known for their genetic ancestry tests but they're looking to expand into developing treatments for diseases such as cancer and respiratory disorders. Read more here.
For more news, check out the Action news section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list. We hope that everyone has a great rest of their week!