size of the database for Medco. So, the plan is for Merck to acquire Medco for a $6.6 billion offer. Clear and substantive analysis of the M&A is needed for better decision making. Medco is a Benefits Prescription Management Company that manages insurance claims, negotiate discounts with drug manufacturers and encourage the use of less expensive general drugs. Health providers that have ties with Medco, usually use drugs listed on what is called a formulary. The formulary consist of list of drugs
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------------------------------------------------- CHAPTER 2 FORMATION AND GROWTH OF INSURANCE INDUSTRY IN INDIA * INTRODUCTION * NATURE AND CHARACTER OF INSURANCE * NEED FOR INSURANCE * FUNCTIONS OF INSURANCE * HISTORICAL BACKGROUND OF INSURANCE * TYPES OF INSURANCE * HISTORY OF INSURANCE IN INDIA * Formation of Insurance Industry in India * Nationalization of Insurance Business in India * Privatization of Insurance Industry * LEGISLATIONS REGULATING THE INSURANCE SECTOR IN INDIA -------------------------------------------------
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which brings about a result, without the intervention of any new or independent force” Life itself is full of events, sometimes occurring independently of each other or as a result of another. The principle, proximate cause identifies for insurance purposes, which event is the probable cause of a particular event, leading to a loss and whether this event is insured. Usually, the first and last events can be easily indentified but it is any intermediate events and causes, which happen, that
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regimen, surgery, or other action that would combat an illness, that aren’t always relayed or discussed with the patient at hand. Today, insurance policies can cover a varied range or services for a consumer. Primarily, when a patient is discussing a treatment with their physician, their main concern is if that specific treatment is covered under their insurance policy, and if not, what are its costs associated with it. Since physicians make more off of a treatment that costs more, they generally
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“limited liability” is the mechanism. With the globalization, the financial industry changes to combine operation from separate operation. The most common of the combined operation is the integration of banking and securities industry, also the insurance industry. For example, under the integration of the commercial bank and the investment bank, they want to win the opportunity of underwrite, they use their credit department, investment department to meddle with the competition. Some large financial
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finance, investments, and insurance in more than 9,000 brick and mortar stores, more than 12,000 ATM’s and the online channel (Wells Fargo, 2013.) “In the past 20 years American banks have taken many measures to ensure that they remain profitable while responding to increasingly changing market conditions. First, this includes the Gramm-Leach-Bliley Act, which allows banks again to merge with investment and insurance houses. Merging banking, investment, and insurance functions allows traditional
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Law Paper – The Contract (Case Study) Introduction This law paper is based on a case # 63075 from Provincial Court of British Columbia in which there was a false insurance claim made by Gulbhar Singh Bhullar (Son) and Kuldip Singh Bhullar (Father) from ICBC (Insurance Corporation of British Columbia). The date of hearing and judgement was January 22, 2009 and the place of hearing was Surrey, BC. The Counsel from Claimant side was R. Wellman, Q.C. and from Defendant side was C. Alexander. And
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economic reality. For example, Fuji Computers entered into a five-year insurance contract with Tokyo AFM against earthquake damage to its headquarters building. As is customary, it paid the 100 million premiums for the five-year coverage up front in cash. Question: How would you recognize revenues associated with this type of catastrophe insurance contract? This case can be considered as premiums from short-duration insurance contracts, which are intended to cover expected claim costs resulting
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The Progressive insurance organization began business in 1937. The Progressive Corporation, an insurance holding company formed in 1965, currently has 54 subsidiaries and 1 mutual insurance company affiliate. These insurance subsidiaries and affiliate provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services. Our property-casualty insurance products protect our customers against losses due to collision and physical damage to their motor
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looked after. By law, organizations are required to offer different benefits to their employees. These benefits are mandatory or voluntary. The mandatory benefits consist of Worker’s Compensation insurance, Social Security, Unemployment insurance, and Family Medical Leave Act (FMLA). Worker’s Compensation insurance is enforced when an individual is injured on the job and provides coverage for the following: disability income, medical care, death benefits, and rehabilitative services. Social Security benefits
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