Life and health
Humana Inc. collaborated with CHI Franciscan Health, a nonprofit health system based in Tacoma, Wash., on an individual-focused model of healthcare for its Medicare Advantage members in Washington. Humana also entered into a value-based agreement with Einstein Healthcare Network that will provide the former's Medicare Advantage members with access to healthcare services at Einstein Healthcare Network hospitals, outpatient care centers, and physician practices in Philadelphia and Montgomery counties in Pennsylvania.
Aetna Inc. signed a contract with Mercyhealth that will expand Aetna's current Medicare Advantage network to include and commercial group network to include Mercyhealth's hospitals and physicians in Wisconsin.
Pursuant to a partnership between Iora Health and UnitedHealth Group Inc.'s UnitedHealthcare, New Hampshire and Vermont residents enrolled in UnitedHealthcare Medicare Advantage plans will have access to physicians at Iora Health's Dartmouth Health Connect primary care practice in Hanover, N.H.
Lincoln National Corp. launched Lincoln Covered Choice, a single premium fixed indexed annuity with a seven-year surrender charge schedule.
American International Group Inc. launched Assured Edge Income Builder-NY, a new fixed annuity product issued by United States Life Insurance Co. in the City of New York. The product is the first fixed annuity with a guaranteed lifetime withdrawal benefit offered in New York.
Through a collaboration between Cigna-HealthSpring and rideshare company Lyft, customers in select Medicare Advantage plans provided by Cigna-HealthSpring in seven states and the District of Columbia will be able to get to and from their doctors and pharmacies through medical transportation provided by the Lyft transportation network.
Property and casualty
Insurance startup Berkley One, a provider of home, automobile, fine art and collectibles, and excess liability insurance solutions, launched in Illinois. Berkley One is a member company of W. R. Berkley Corp.
American International Group Inc.Hanover Insurance Group Inc. expanded its product recall coverage to include additional protections for manufacturing companies. The company's product recall coverage offers reimbursement for expenses incurred to remove a defective product from the marketplace. It also helps cover the cost of inspecting and testing defective products to determine if a recall is warranted.
HCI Group Inc. unit Homeowners Choice Property & Casualty Insurance Co. Inc. received regulatory approval to write flood insurance in Ohio.
Intact Insurance launched an online quick quote tool that will provide small businesses with commercial auto insurance quotes in just a few clicks. The tool is currently available in Quebec and will be rolled out across Canada over 2018.