All articles tagged with #california regulator
Tesla's insurance division is under investigation by California's Department of Insurance for systemic delays and unfair claim practices, with the regulator citing nearly 3,000 violations since 2022, including unreasonably denied claims and poor response times, despite Tesla's efforts to improve.
Medical Properties Trust (MPW) stock dropped 7.7% after a report revealed that a California regulator has put on hold a deal to save one of its largest tenants, Prospect Medical. The deal involved Prospect securing $375 million in new financing from third-party lenders, with MPW receiving a stake in return. The regulator's order, issued on July 20, has not been disclosed by MPW in its recent earnings report or filing. However, MPW remains confident that the deal will gain approval, stating that the regulatory review process is normal and expected.