Tesla led the group higher today, pulling the rest of the auto-tech names up with it on a broad risk-on session.
Data via Yahoo Finance
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Illinois governor signed right-to-appraisal legislation this week, and California's Prop 103 insurance rate regulations are now in effect. Both moves tip the negotiation balance toward shops and away from insurer unilateral denial.
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1. Illinois right-to-appraisal law live; California Prop 103 rules enforced
Illinois governor signed right-to-appraisal bill this week. Simultaneously, California Department of Insurance rolled out new Prop 103 rate-setting regulations. Both moves restrict insurer authority to deny or underpay estimates without independent appraisal. Shops now have statutory leverage to push back on lowball supplements and total-loss disputes. This is the first time in 18 months we've seen simultaneous state-level appraisal wins.