Life and health
Unum Group will begin offering dental coverage in all regions of the country starting Jan. 1, 2018.
WellCare Health Plans Inc. has teamed up with Community Care of North Carolina Inc. and Community Care Physicians Network LLC to serve North Carolina's Medicaid beneficiaries as the state expects to implement a new program in 2019. WellCare and Community Care of North Carolina unit North Carolina Community Care Networks intend to coordinate care through joint development and management of population health programs, predictive analytics solutions and care management models. The two companies will use Community Care Physicians Network's primary care physicians to deliver clinical services to WellCare's members.
Insurer Highmark Health and multi-hospital health system Penn State Health plan to jointly invest more than $1 billion to develop a community-based healthcare network in central Pennsylvania. The two organizations announced a partnership and will explore offering co-branded healthcare insurance products.
UnitedHealthcare, a business of UnitedHealth Group Inc., and Phoenix Children's Care Network launched an accountable care program to serve nearly 50,000 people enrolled in UnitedHealthcare's Medicaid health plans.
Property and casualty
Fair, an app that allows customers to sign for pre-owned vehicles, said it has tied up with Assurant Inc. to offer insurance coverage. Assurant will underwrite the Fair-branded property and casualty insurance offered for all vehicles available on the app.
Prime Holdings Insurance Services Inc. unit Prime Insurance Co. secured approval to write specialty lines insurance coverage in New York. Prime provides excess and surplus lines property and casualty insurance options for specialty, general liability, multi-peril, property, healthcare services, and professional liability insurance. It writes non-standard and specialty risks.
Bermuda-based Fidelis Insurance said it added surety capacity following the purchase of an equity stake in MGA Firestone Surety Ltd., which will focus on the small and medium-sized enterprises sector of the surety market. MGA Firestone Surety will be managed through Pine Walk Capital Ltd., Fidelis' managing general agent platform.
American International Group Inc. said it has rolled out a new cyber benchmarking model that gauges cyber risks for its clients based on historical insights and how they experience cyber breaches. The insurer is teaming up with cybersecurity companies CrowdStrike and Darktrace to launch CyberMatics, a service that verifies inputs into AIG's model from clients' cybersecurity tools.