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Sacramento-based insurance technology startup Fairmatic launched its driving-behavior-based car insurance coverage to fleets nationwide on Tuesday.
The company started in March 2017 to create a platform that prices fleet auto insurance based on driver behavior. Until now, it's been working only with a limited number of fleet operators.
The company uses a driver’s smartphone to monitor driving with GPS, accelerometer and gyroscopic functions to measure speed, acceleration, deceleration and speed…
The startup's CEO is a serial entrepreneur who knows how vital insurance is to getting startups up and running.
The Securities and Exchange Commission has settled fraud charges against Tyler Tysdal of Lone Tree for his role in multiple schemes to defraud investors. The settlement requires Tysdal to pay $843,099 in disgorgement and prejudgement interest fees to the victims and a $320,000 civil penalty, according to the SEC news release.
Tysdal agreed to the settlement as well as several cease-and-desist orders without admitting or denying the facts of the SEC's orders.
According to the SEC’s order,…
