iGen Networks Corp (IGEN)

[kayak_wench]

IGEN is going to increase in price when either a license agreement with Tesla is PR'd or when a lawsuit against Tesla is announced. One or the other is likely to happen in the next few months. Chan's tweet tells us that he is watching this and the equity agreement explicitly mentioned pursing patent violators.

Tesla rolled out their insurance program in Texas last Oct. That is the first instance of them setting their insurance premium based on driver 'score'. The program started making news the first week of May when it rolled out to more states. I'm just going to reference one article, but there were a half dozen the first week of May when the program expanded to more states.

Buffett who owns Geico downplayed automakers ability to make money in car insurance because any insurance company can get telemetric data. But in that sentence Buffett is acknowledging that insurance companies will likely start using telemetric data more and more. The fact that this approach to pricing insurance is getting even Buffetts' attention should make us more interesting to insurance companies to buy out to get the patent.

https://www.repairerdrivennews.com/2022/05/02/morgan-stanley-analysts-tesla-insurance-has-potential-to-become-a-top-10-carrier/