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Travelers becomes US claims manager for Lyft; Ohio National whole life product

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Travelers becomes US claims manager for Lyft; Ohio National whole life product

Several insurance companies disclosed new products and coverage enhancements in recent days.

Life and health

Tenet Healthcare Corp. signed an agreement with Cigna, providing Cigna members access to Tenet providers, including hospitals, outpatient centers and employed physicians. Cigna members that are covered under its commercial health plans will be covered under the agreement.

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India-based Allahabad Bank signed a bancassurance pact with SBI Life Insurance Co. Ltd., under which the bank will sell SBI Life's policies from over 3,200 branches, The Economic Times reported.

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Molina Healthcare Inc. extended its agreement with CVS Caremark for pharmacy benefit management services through 2021, which became effective Jan. 1.

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Ohio National Financial Services Inc. introduced whole life insurance product Prestige 20-pay, and it also made enhancements to its two other limited-pay whole life products, Prestige 10-Pay II and Prestige Max III. Prestige 20-pay offers a paid-up policy after 20 years and an endowment age of 100 with no maturity, among others.

Property and casualty

Travelers Cos. Inc. will become the exclusive provider of U.S. auto insurance claim services for rideshare company Lyft Inc., effective Feb. 1.

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Randall & Quilter Investment Holdings Ltd.'s Accredited Insurance (Europe) Ltd. signed a program underwriting partnership with CPD Underwriting Solutions Ltd., a U.K. managing general agent providing private motor and household insurance.

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OnPoint Warranty Solutions LLC finalized its business relationship with Starr Insurance Cos., under which Starr Insurance will underwrite warranty services and contract products that are administered by OnPoint and sold through manufacturers, retailers, service providers and direct to consumer.

Starr Insurance Cos. is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Co. Inc.

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