Several insurance companies disclosed new products and coverage enhancements in recent days.
Life and health
Hannover Life Reassurance Co. of America and Life By Spot, a direct-to-consumer life start-up, linked up to sell short-term insurance products. Consumers can buy short-duration event-based life insurance policies through Life by Spot's platform.
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WellCare Health Plans Inc. expanded its value-based care partnership with primary care provider VillageMD to include its network of provider practices in Georgia and Illinois.
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Cleveland Clinic and Humana Inc. expanded the availability of their co-branded Medicare Advantage health maintenance organization health plan for 2019. The plan will be available to residents of five northeast Ohio counties.
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SCAN Health Plan announced its 2019 health plan benefits, which include a premium plan for seniors in Los Angeles, Orange, Riverside and San Bernardino counties, and special needs plans.
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UnitedHealthcare unveiled its 2019 Medicare Advantage and prescription drug plans. UnitedHealthcare is one of the businesses of UnitedHealth Group Inc.
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Anthem Blue Cross and Blue Shield in Ohio expanded its 2019 Medicare Advantage offerings with the addition of Essential Extras, a benefits package that provides wellness services including health-related transportation services and personal home helpers. The program will be offered to consumers enrolled in the 2019 Medicare Advantage plans of Anthem MediBlue Preferred, Anthem MediBlue Prime Select, Anthem MediBlue Dual Advantage and Anthem MediBlue Extra. Anthem Blue Cross and Blue Shield is the trade name of Community Insurance Co.
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SilverScript Insurance Co. introduced three Medicare prescription drug plan options, SilverScript Choice, SilverScript Plus, and SilverScript Allure, for 2019.
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Empire BlueCross and BlueShield introduced employer-sponsored voluntary accident insurance, critical illness insurance and hospital indemnity insurance for effective dates starting Jan. 1, 2019. Empire BlueCross BlueShield is the trade name of Empire HealthChoice Assurance Inc.
Anthem Blue Cross and Blue Shield in Maine also started selling voluntary accident, critical illness and hospital indemnity insurance products, for effective dates beginning Jan. 1, 2019. Anthem Blue Cross and Blue Shield is the trade name of Anthem Health Plans of Maine Inc.
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AlohaCare and Ohana Health Plan, a WellCare Health Plans Inc. company, will offer basic adult dental care coverage through their expanded Medicaid offering, starting Jan. 1, 2019.
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Haven Life Insurance Agency LLC increased the maximum coverage amount available for the Haven Term policy to $3 million from $2 million. Haven Term is a term life insurance policy issued by Massachusetts Mutual Life Insurance Co. and offered exclusively through Haven Life.
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Sumitomo Life Insurance Co. and AXA Life Insurance Co. Ltd. entered into a partnership agreement that covers joint development and usage of long-term care services and capital alliance with long-term care service providers.
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Amerigroup collaborate with IntegraNet Health for its 2019 Medicare Advantage health insurance plans, Amerivantage Diabetes, Amerivantage Heart and Amerivantage COPD.
Property and casualty
Swiss Re Corporate Solutions rolled out HazeShield, a stand-alone haze insurance solution for businesses operating in Singapore. The product covers potential loss of income and reduced trade as a result of a haze event in the country. Swiss Re Corporate Solutions is the commercial insurance arm of Swiss Re AG.
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Insurtech startup Kin Insurance Inc. launched homeowners insurance coverage in Georgia.
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Working in collaboration with data security platform Evident, Marsh & McLennan Cos. Inc. subsidiary Marsh is developing a blockchain-based verification solution.
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Tower Hill Specialty started offering property insurance in Illinois. It provides homeowners, dwelling fire, manufactured housing and condominium products.
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Zurich Insurance Group AG launched Zurich Cyber Insurance Policy, which covers cybersecurity risks. Network security monitoring and pre-breach services are part of the policy, which replaces Zurich's security and privacy policy.
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Digital insurance broker Kelly Klee Inc. released a customizable online coverage plan for private client insurance. The coverage allows consumers to see quotes for their assets, including unlimited cars, homes, collections and umbrella liability.
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Digital-asset exchange Gemini Trust Co. LLC secured insurance coverage for the digital assets it holds on behalf of clients in its online hot wallet. Bloomberg News reported that the insurance was from a consortium of insurers globally arranged by Aon PLC.
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OneBeacon Insurance Group Ltd. unit International Marine Underwriters Inc. rolled out a cyber product that offers information risk coverage to address a number of cyber incidents, including data breach and threat of intrusion or interference, Business Insurance reported.
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Liberty Specialty Markets expanded its capacity for fine art and specie risks to $250 million globally.
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Avitus Group Inc. launched Avitus Insurance Services, which offers commercial lines to businesses across the U.S.
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Flipkart teamed up with Bajaj Allianz General Insurance Co. Ltd. to offer insurance solutions for mobile phone brands that are sold on its platform, Livemint reported.