Several insurance companies disclosed new products and coverage enhancements in recent days.
L&H
Optum and retirement plan provider Empower Retirement unveiled The Empower Health Savings Account, a health savings account for retirement plan participants. Optum is part of UnitedHealth Group Inc.
________________________________________
Empire BlueCross BlueShield and physician association IPA of Nassau/Suffolk Counties expanded their work under Empire's value-based payment program in New York. The physician association also announced an agreement to receive physician enablement capabilities from a separate company providing services on behalf of Empire. Empire BlueCross BlueShield is the trade name of Empire HealthChoice Assurance Inc., and Empire Blue Cross Blue Shield HMO is the trade name of Empire HealthChoice HMO Inc.
________________________________________
Aflac Inc. introduced a group accident plan with benefits including an organized athletic activity rider.
________________________________________
The Centers for Medicare and Medicaid Services selected Accountable Care Coalition of Chesapeake LLC to participate in the Next Generation ACO Model, beginning Jan. 1. In partnership with Universal American Corp. subsidiary Collaborative Health Systems, the 200 providers of Accountable Care Coalition of Chesapeake will serve more than 28,000 Medicare beneficiaries in the Maryland/Virginia region.
________________________________________
Humana Inc. and the Vanderbilt Health Affiliated Network entered into a four-year value-based agreement under which network clinicians and the insurer will work together to serve 4,000 Humana Medicare Advantage members in Middle Tennessee and Jackson, Tenn.
________________________________________
United Security Health and Casualty Insurance Co. received state approval to offer its short term major medical product in Arkansas, Illinois, Indiana, Missouri and Nebraska.
P&C
Chubb Ltd. teamed up with CyberScout to offer identity management services to all Masterpiece homeowner customers in Canada on a complimentary basis. CyberScout is a provider of identity and data defense services.
________________________________________
THB, CNA Hardy and Waterfall Security Solutions collaborated to provide a cyber security protection package for industrial businesses.
________________________________________
Everest Insurance appointed Christopher McKeon head of its commercial casualty unit, which will provide multiline, primary casualty solutions for accounts with loss picks between $250,000 and $1 million.
________________________________________
Allianz Global Assistance USA's improvements on filing travel insurance claims include redesigned claim forms and the option of selecting a direct deposit payment to the customer's checking account.
________________________________________
Markel Corp. unit Markel International aims to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd's Syndicate 3000 paper.
________________________________________
MAPFRE Insurance will offer gap coverage to auto insurance policyholders using their personal cars to drive for rideshare companies in Massachusetts, starting May 1.
________________________________________
Sentry Insurance renewed its agreement as a featured product provider of the American Trucking Associations.
________________________________________
The Iowa Insurance Division issued a certificate of authority and approved Universal Insurance Holdings Inc. unit Universal Property & Casualty Insurance Co. as a licensed insurance entity in the state.