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this is Stephen Vegas with live
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insurance news.com bringing you the
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major headlines from this weekend
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insurance news health insurance exchange
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in California Awards grants worth 37
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million dollars nearly 50 organizations
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have received a total of 37 million
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dollars in grants from the state's
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health insurance exchange called covered
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California the grants are meant to help
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these organizations raise awareness of
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the new options that may be available to
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consumers and to develop more robust
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ties to communities throughout the state
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some 5.3 million california's are
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currently uninsured the organizations
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receiving the grants may be able to help
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lower this number in the future
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telematics the rise of usage-based
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insurance usage-based auto insurance is
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becoming a powerful tool for insurers
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throughout the US telematics to the
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technology responsible for tracking
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various aspects of a vehicle's
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performance is seeing you spy insurers
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to provide more insurance options to
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drivers usage-based plans could be a
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viable way for consumers to save money
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as they will only be charged for the
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coverage they actively use health
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insurance costs in two states will be
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lower than predicted in 2014 both
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Washington and Oregon are expecting to
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see health insurance rates rise lower
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than had been initially predicted this
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discovery comes as insurance company
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submit policy applications to
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state-based health insurance exchanges
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insurers had been warning that health
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insurance rates would rise exponentially
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due to the Affordable Care Act but this
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has yet to be seen insurance fraud
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lawsuit filed by Allstate against health
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care providers allstate has filed an
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insurance fraud lawsuit seeking to
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recover 3.8 million dollars from five
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medical professional corporations and
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six physicians overall there have been
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47 insurance fraud lawsuits filed by
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Allstate in the state of New York since
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2003 including the most recent filing
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according to the filing the defendants
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were regularly participating in
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insurance fraud through the submission
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of fraudulent billing for diagnostic
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exams that had never been performed
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among other such activities that's it
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for this week's news roundup be sure to
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visit live insurance news com for active
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coverage of the issues that matter to
