Several insurance companies disclosed new products and coverage enhancements in recent days.
Life and health
Employees of companies enrolled in HUB International Gulf South Ltd.'s medical plans will be able to receive easy access to a second opinion concerning serious illnesses following a collaboration with MORE Health Inc.
Humana Inc. expanded its orthopedic specialty care for Humana Medicare Advantage members.
It launched a bundled payment model for spinal fusion surgeries called the Spinal Fusion Episode-Based Model, which offers the opportunity for additional payment to physicians and clinicians for improved health outcomes and cost across a member's entire spinal surgery episode-of-care.
The company also broadened the reach of its Total Joint Replacement Episode-Based Model for total hip or knee joint replacement procedures after sealing eight additional agreements with orthopedic specialty groups.
Additionally, Humana and ambulatory surgery center system SurgCenter Development entered into a national network agreement expanding Humana commercial and Medicare health plan member access to SurgCenter's outpatient surgery centers across the U.S. The agreement, which took effect Feb. 1, adds more than 100 SurgCenter locations to Humana's national provider network, and supports total joint replacement for Humana members in an ambulatory surgery center setting.
Also, personalized health and benefits services provider Accolade and Humana will integrate their capabilities. The companies will bring employers and their health plan members the benefit of Humana's provider networks and medical, dental, pharmacy, employee assistance program, work-life services and Go365 wellness reward program capabilities together with Accolade's member engagement services and health and benefits partner programs.
Hub International Ltd. and Tennessee REALTORS, one of the state's largest trade associations, created a fully insured association health plan, which includes three different medical plan options plus a dental and vision option, and wellness services.
Additional benefits will be offered to members through other insurance benefit partners, including accident with a disability insurance rider, critical illness and life insurance with a long-term care rider.
Nationwide Advisory Solutions launched Nationwide Advisory Retirement Income, a variable annuity with an income guarantee designed for registered investment advisers and fee-based advisers.
Property and casualty
Alliant Insurance Services Inc.'s WasteAssure clients will have the ability to secure coverage through the WasteHaulers program offered by AmWINS Program Underwriters Inc., effective April 1. The WasteHaulers program offers coverages for clients engaged in the disposal, transport, storage and treatment of non-hazardous waste.
UFG Insurance selected ClarionDoor Inc.'s Digital Distribution Suite to provide rating and quoting functionality for the company's ProSeries products
Constellation Inc. said dentists in Utah, Colorado, Idaho, Wyoming, Montana, Nebraska and Oregon will now be able to buy its medical professional liability insurance directly from member companies MMIC and UMIA.
Berkley FinSecure LLC launched Capital Shield, which provides coverage to individuals for embezzlement of their invested assets.
Aon PLC established a strategic alliance with insurance technology startup Zesty.ai. Using Aon's distribution network, insurers can evaluate their portfolio risk through Zesty.ai's wildfire risk model and also obtain high fidelity property insights for underwriting both catastrophic and attritional risk.
Insurers can also leverage Zesty.ai's property risk analytics platform to more accurately capture individual property characteristics.
Corvus Insurance Agency LLC is now offering cyber excess insurance policies with up to $10 million in aggregate limits.
Allianz Global Corporate & Specialty SE launched an automotive component parts product recall cover in the U.K. The product includes impaired property, as well as endorsements covering cyberattacks and line stoppages, activated by a product recall.
Sompo International Holdings Ltd.'s U.S. platform introduced a management assurance policy, which expanded its primary professional lines insurance offering for private companies.
Through the policy, Sompo International offers primary commercial crime and cyber liability insurance in addition to the company's existing private company directors and officers liability, employment practices liability, fiduciary liability and professional liability coverages.
Neptune Flood Inc. is now offering policies to residents of Missouri, Colorado, New Hampshire, Rhode Island, West Virginia and Indiana, expanding its presence to 27 states.