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New York Carrier Starts Stop-Loss Program

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Amalgamated Life Insurance Company has started selling medical stop-loss coverage for Taft-Hartley plans and other self-funded groups.

Amalgamated Life, New York, will be the direct writer of the stop-loss coverage, rather than a managing general underwriter, the company says.

The company is offering access to features such as advance funding of specific claims, specific and aggregate extensions and accommodations, as well as “no laser” renewals, the company says.

Amalgamated Life originally was founded in 1943 to help provide life and disability benefits for members of union benefit plans.