Several insurance companies disclosed new products and coverage enhancements in recent days.
L&H
Savings Bank Life Insurance Co. of Massachusetts teamed up with LegacyShield to offer a legacy planning platform that allows subscribers to organize valuable documents and financial information.
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Blue Cross Blue Shield of Massachusetts is working with Landmark Health to introduce a program that provides care to seniors in their homes. The program begins April 3 in Massachusetts' Worcester area and expands to Boston and Springfield throughout 2017.
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IA Financial Group made available an online platform for PharmAssist, its drug management program. IA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.
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Nationwide rolled out a program that provides middle-income consumers in Arizona with guaranteed retirement income every month for life.
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Voya Financial Inc.'s enhanced accident insurance includes the potential for increased payouts. The accident insurance is part of Voya Employee Benefits' Compass product suite.
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AXA introduced AXA Retirement 360, an open architecture defined contribution mutual fund program designed for 401(k), 403(b), 457(b) and 401(a) plans. AXA is a brand name of AXA Equitable Financial Services LLC and its family of companies, including AXA Equitable Life Insurance Co., MONY Life Insurance Co. of America, AXA Advisors LLC and AXA Distributors LLC.
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Principal Financial Group launched Principal Lifetime Income Solutions II Variable Annuity, an income-focused variable annuity, and Principal Pivot Series Variable Annuity, which is designed for those approaching retirement.
P&C
American International Group Inc. launched Family CyberEdge to policyholders of AIG Private Client Group, which serves high net worth individuals and families. Family CyberEdge covers expenses related to data restoration and crisis and reputation management, among other solutions.
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QBE North America collaborated with High Point Underwriters and Midwestern Insurance Alliance to provide a workers' compensation and occupational accident insurance program for the transportation market. QBE North America is a division of QBE Insurance Group Ltd.
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Through its TechSafety program, Liberty Mutual will offer a discount on the premium of auto insurance customers who drive a Volvo with active or passive advanced safety features.
Liberty Mutual also released a Loss of Energy Investment Tax Credit coverage, which protects owners, developers and investors from financial loss resulting from damage to energy property.
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Farmers Insurance unveiled its rideshare insurance coverage to ride-hailing drivers in Missouri. Farmers Insurance Exchange is the largest of the three primary insurers that make up Farmers Insurance.
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Beazley Plc introduced Anything Lineslip in London, offering terms for all U.S. management, professional, cyber and healthcare liability risks.
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Willis Towers Watson Plc rolled out CyFly, an insurance solution that covers cyber exposure affecting the airline industry.
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Lemonade became a licensed insurance carrier in Illinois. The company's renters insurance is currently available in the state and homeowners policies will be offered soon.
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Allstate Insurance will use drones to assess property damage claims in Colorado, New Mexico, Oklahoma and Texas.
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Chubb Ltd. expanded its clinical trial liability insurance coverage for institutional research organizations. Coverage limits of up to $20 million are available under the product.