Nevada gov. announces digital prescription discount card

Nevada gov. announces digital prescription discount card

Nevada’s governor on Thursday said the state is launching a prescription discount card, a method of softening the rising costs of medications that is also used in Washington and Oregon. The digital card, called ArrayRX, saves an average of 80% on generic prescriptions and up to 20% on brand name drugs and is free for

Nevada gov. announces digital prescription discount card

Nevada’s governor on Thursday said the state is launching a prescription discount card, a method of softening the rising costs of medications that is also used in Washington and Oregon. The digital card, called ArrayRX, saves an average of 80% on generic prescriptions and up to 20% on brand name drugs and is free for

Reinsurance rates to rise in “mid-single digit” range-S&P Global

Reinsurance rates to rise in “mid-single digit” range-S&P Global

Please try another search Economy Sep 06, 2022 08:55AM ET © Reuters. LONDON (Reuters) -Reinsurers are likely to raise premium rates in the next few months, given pressures from inflation, war in Ukraine, climate change and capital market volatility, ratings agency analysts said on Tuesday. Reinsurers such as Swiss Re (OTC:), Munich Re and the

New insurance clause aims to accelerate unsafe cladding removal works

New insurance clause aims to accelerate unsafe cladding removal works

Insurers and the government have developed a new insurance approach that could speed up removals of unsafe cladding, such as that involved in the Grenfell Tower disaster. The International Underwriting Association (IUA) said it hoped to resolve what had been a “difficult” market for firms seeking cover. It worked with the Department for Levelling Up

New model insurance clause to clear PII fire safety logjam

New model insurance clause to clear PII fire safety logjam

The wording has been developed by the International Underwriting Association (IUA) and Government for use in work being completed under the government’s £4.5bn Building Safety Fund. The model clause is freely available for use by underwriters looking to provide professional indemnity insurance for building cladding remediation work. Levelling up Secretary, Greg Clarke said he hoped

Insurance industry acts to speed high-rise repairs

Insurance industry acts to speed high-rise repairs

In the wake of the 2017 Grenfell Tower fire, developers, contractors and indeed the whole construction supply chain have been wading through impediments to make high-rise blocks of flats safe.  The insurance industry has been a persistent impediment. The hope is that the new model clause –  freely available for use by underwriters looking to

How the Wealthy Use Insurance to Pass Down Their Wealth

How the Wealthy Use Insurance to Pass Down Their Wealth

A second-to-die policy is intended for married couples who wish to share a life insurance policy with particular beneficiaries, such as children and grandchildren. After the final survivor dies, the life insurance company will pay out to the beneficiaries. We’ll look at what a second-to-die insurance policy is and what to think about before purchasing…

BaFin Clarifies Crypto Investments Are Not Protected by Deposit Insurance

BaFin Clarifies Crypto Investments Are Not Protected by Deposit Insurance

The German financial market supervisor, the Federal Financial Supervisory Authority (BaFin) clarified on Monday that deposit insurance protection in the mainstream financial industry does not cover losses with cryptocurrencies.“BaFin now points out that crypto-assets do not fall under the protection of deposit insurance and, as a rule, the protection of investor compensation does not apply

FDIC Issues Cease and Desist Order to FTX and Other Crypto Companies Over False Claims

FDIC Issues Cease and Desist Order to FTX and Other Crypto Companies Over False Claims

The Federal Deposit Insurance Corporation (FDIC) has sent cease and desist letters to five companies demanding they stop making false and misleading statements about FDIC deposit insurance.The FDIC is also demanding that the five companies take immediate corrective action to address the false or misleading statements, which involve a number of officers, directors and employees

FTX Complies With Cease-and-Desist Order Over “Misleading Claims”

FTX Complies With Cease-and-Desist Order Over “Misleading Claims”

Reading Time: 2 minutes FTX has complied with an FDIC cease-and-desist order FTX claimed that depositors’ funds were covered with FDIC insurance when in fact they aren’t Voyager Digital made the same claim in 2020, but this only applies to regulated banks FTX has complied with a cease-and-desist letter sent to it by the Federal

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