Several insurance companies disclosed new products and coverage enhancements in recent days.
Life and health
Sun Life Financial Inc. launched two permanent life insurance solutions: SunUniversalLife Pro for business owners; and Sun Permanent Life for individual Canadian clients.
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SCAN Health Plan added PIH Health Inc. to its provider network in Los Angeles and Orange counties in California, effective Jan. 1.
The partnership will allow SCAN members in Southern California access to PIH Health's network of physicians, specialists and hospitals.
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Blue Cross and Blue Shield of Minnesota will offer individual and family plans in all counties in Minnesota through its health maintenance organization Blue Plus, effective Jan. 1, 2020.
Customers without an option to enroll in employer-sponsored health plans and who do not qualify for coverage through the state's public health plan will be eligible for individual plans.
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Nassau Reinsurance Group Holdings LP unveiled Nassau Growth Annuity, its accumulation-oriented fixed-indexed annuity product for the underserved middle market.
The product offers indexed accounts that earn interest based on the positive performance of the S&P 500 Composite Stock Price Index or the Société Générale SA-sponsored Smart Passage SG Index.
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Berkley Accident and Health LLC launched Berkley Edge, an expanded cost-containment program available for all stop loss, group captive and managed care clients at no additional costs.
The program offers guidance and health risk strategies to clients and includes investment in clinical resources, review of all claims and notices for clients and health risk strategies for stop loss group captives.
Berkley Accident and Health is a member company of W. R. Berkley Corp.
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Bright Health Inc. partnered with University Hospitals Health System Inc. to offer Medicare Advantage plans to residents of Cleveland and Akron, Ohio, in 2020.
The company will also offer Medicare Advantage plans in Lima, Ohio, through an expansion of its partnership with Mercy Health.
Bright Health received regulatory approval from the Ohio Department of Insurance and the Centers for Medicare & Medicaid Services to offer health plans during the Medicare annual election period starting Oct. 15.
Property and casualty
Helvetia Specialty Lines CH & International will offer worldwide aviation insurance coverage for passenger liability, third-party liability and comprehensive cover with a maximum limit of US$125 million, the Insurance Journal reported.
Marc Weber will lead the aviation team, with assistance from Gregor Banzer and Stefan Koller.
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Franklin Madison Group LLC partnered with Crum & Forster Pet Insurance Group to offer pet insurance programs for banks and credit unions.
The program will be offered through digital marketing channels, with coverage available for dogs, cats and horses. Coverage includes exam fees and other diagnostic and treatment costs, including accidents, illnesses, hereditary conditions and behavioral issues.
Crum & Forster Pet Insurance Group's pet health insurance plans are underwritten by United States Fire Insurance Co. Inc. and produced by C&F Insurance Agency Inc., a Crum & Forster company.
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Samuel Hale LLC partnered with Clear Spring Health Insurance Co. to offer workers' compensation insurance for companies of all sizes in California.
Samuel Hale's workers' compensation insurance solution offers alternative dispute resolution through a carve-out agreement approved by the California Department of Workers' Compensation.
Clear Spring Health Insurance is a subsidiary of Delaware Life Insurance Co.
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SCM Insurance Services Inc. expanded its third-party administration offering under International Programs Group.
International Programs Group provides claims services for Lloyd's of London, domestic insurers, self-insured entities and other organizations.
Third-party administrators Affirmative Risk Management Corp. and Claims Management Inc. will be consolidated into the business. The companies will maintain their branch locations.
International Programs Group is a part of the SCM Insurance Services Group of Cos.
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Beazley PLC unveiled its flagship cyber coverage and a suite of financial lines products for organizations in Italy.
The company's Beazley Breach Response for small to medium-sized businesses and Beazley InfoSec for larger organizations offer a range of first and third-party risk coverage for commercial clients.
The products available for organizations in Italy include directors' and officers' liability, public offering of securities liability, financial institution-specialized professional indemnity and crime coverage.
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Duuo launched Rent-my-Stuff Insurance, its on-demand digital insurance for peer-to-peer sharing platforms in Canada.
The product, available through baby gear rental platform Traveling Munchkin, protects against damages and losses specific to peer-to-peer rental platforms.
Duuo is a digital insurance brand created by Co-operators General Insurance Co.
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W.E. Love & Associates Inc. partnered with Watford Insurance Co. to launch Platinum Trucking, its new trucking program for the underserved trucking and transportation liability market.
XPT Group LLC subsidiary W.E. Love will operate as the program administrator for Platinum Trucking, while Watford Insurance will be the carrier.
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Chicago-based Rice Dairy LLC partnered with Wisconsin-based Commodity Risk Management Group to form Vault Ag Holding Co. LLC, the Insurance Journal reported.
Based in Chicago, Vault Ag Holding will offer crop insurance and services like hedging of dairy, livestock and grains.
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Columbus, Ohio-based insurance startup Branch launched SafetyNest, a program that provides help to uninsured and underinsured people who have experienced an incident that left them in financial peril.
Applicants can fill out an online form about the incident and amount of coverage they need, which will be assessed by the SafetyNest team to determine the amount it will grant the applicants.
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Everest Insurance (Ireland) DAC's U.K. branch became fully operational. It has full capabilities to write contingency, credit and political risk, financial and professional lines, general liability, medical malpractice, property, specie, surety and U.S. excess casualty business.
Everest Insurance (Ireland) is part of Everest Re Group Ltd.
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Hanover Insurance Group Inc. unveiled Hanover Cyber Advantage Premier, a stand-alone nonadmitted cyber product for small and midsize business.
The product is written through Hanover Specialty Insurance Brokers, the company's in-house excess and surplus brokerage.
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Corvus Insurance Agency LLC updated its cyber underwriting model, offering highly protected organizations with higher limits for social engineering and cyber crime coverage.
The company's Smart Cyber Insurance coverage will be enhanced automatically for policyholders who utilize email authentication services and other email security characteristics.
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