Allstate says it will insure California homes again, under one condition

An Allstate insurance company sign is seen outside one of its stores on Jan. 17, 2008 in Miami, Florida. (Joe Raedle/Getty Images)

Amid the ongoing insurance crisis in California, Allstate said it would resume selling new policies in the Golden State should regulators adopt proposed regulatory changes to make it easier for insurers to raise rates.

“If the regulations were in effect today, we would begin selling new homeowner insurance policies tomorrow,” Gerald…
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Source: https://ktla.com/news/california/allstate-says-it-will-insure-california-homes-again-under-one-condition/amp/

Down 8.5% this month, is the Aviva share price too attractive to ignore?

Image source: Aviva plcIt really looked like the Aviva (LSE: AV.) share price was going to break above £5 for the first time since the March 2020 global market crash. Technically, it did for all of one minute at the beginning of April. But I’m not counting that.Will the stock be retesting that level again soon or will it move even higher?The dropLet’s first discuss the reason behind the recent pullback. The main drop in recent weeks was on April 11th, the day after the stock went…
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Source: https://uk.finance.yahoo.com/news/down-8-5-month-aviva-150550328.html

Federal Bank is Religare’s pick of the month for May, 13% upside seen at TP of ₹176; should you buy?

Domestic brokerage firm Religare Broking has picked Federal Bank as its stock pick of the month for May 2024 with a potential upside seen around 13 per cent. Shares of Federal Bank were on an uptrend and gained one per cent today to hit an intra day high of ₹158.55 against a 52-week high of ₹166.65 apiece on the BSE.


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Source: https://www.livemint.com/market/stock-market-news/federal-bank-is-religares-pick-of-the-month-for-may-13-upside-seen-at-tp-of-rs-176-should-you-buy/amp-11714147910759.html

Surging auto insurance rates squeeze drivers, fuel inflation

NEW YORK —  Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation.Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increases for food and energy, two key components of most budgets, has eased greatly.But auto insurance…
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Source: https://www.sandiegouniontribune.com/business/nation/story/2024-04-26/surging-auto-insurance-rates-squeeze-drivers-fuel-inflation

Down 8.5% this month, is the Aviva share price too attractive to ignore?

It really looked like the Aviva (LSE: AV.) share price was going to break above £5 for the first time since the March 2020 global market crash. Technically, it did for all of one minute at the beginning of April. But I’m not counting that.

Will the stock be retesting that level again soon or will it move even higher?

The drop

Let’s first discuss the reason behind the recent pullback. The main drop in recent weeks was on April 11th, the day after the stock went…
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Source: https://www.fool.co.uk/2024/04/26/down-8-5-this-month-is-the-aviva-share-price-too-attractive-to-ignore/

LIC officer loses ₹25 lakh to impersonators

Impersonators claiming to be officers of the CBI and the Telecom Regulatory Authority of India have extorted ₹25.48 lakh from an Investigating Officer of the Life Insurance Corporation (LIC) of India. On April 9, a caller introduced himself as a TRAI officer and accused the LIC Investigating Officer of having indulged in money laundering by opening an account in a nationalised bank and told him that the CBI was set to investigate him. Soon, another caller contacted him claiming to be from…
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Source: https://www.thehindu.com/news/cities/Tiruchirapalli/lic-officer-loses-25-lakh-to-impersonators/article68110234.ece/amp/

Kansas murder suspect uses wife’s life insurance to buy a sex doll

Early on Halloween morning 2019, Colby Trickle called 911 saying his 26-year-old wife, Kristen Trickle, shot herself in their home in Hays, Kansas. Sergeant Brandon Hauptman from the Hays Police Department was the responding officer.  After speaking with Colby Trickle, and looking at the scene, he was suspicious. Hauptman wondered if Colby Trickle had something to do with his wife’s death. But three days later, the coroner, Dr. Lyle Noordhoek, ruled Kristen Trickle’s death a suicide. Colby…
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Source: https://www.cbsnews.com/amp/news/kristen-trickle-colby-trickle-kansas-murder-suspect-uses-wifes-life-insurance-buy-sex-doll/

Accumulate Nippon Life India Asset Management; target of Rs 661: Religare Retail Research

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Religare Retail Research report on Nippon Life India Asset Management
NAM-India witnessed Q4FY24 quarter as the revenue from operations was Rs 432cr, up by 10.1% QoQ/32.8% YoY. The growth in top-line was mainly led the strong increase in AuM while margins saw slight moderation. EBITDA increased by 12.1% QoQ/38.1% YoY…
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Source: https://www.moneycontrol.com/news/business/stocks/accumulate-nippon-life-india-asset-management-target-of-rs-661-religare-retail-research-12707841.html/amp

ICICI Lombard collaborates with Policybazaar to offer insurance products to over 1 crore customers

SummaryICICI Lombard will now be able to offer its comprehensive product portfolio to the wide user base of Policybazaar. ICICI Lombard said that the collaboration will help nearly 1 crore customers to access a wide range of insurance products. ICICI Lombard General Insurance Company Ltd announced on Tuesday, April 19, that it has entered into a strategic partnership with insurance platform Policybazaar.
ICICI Lombard will now be able to offer its comprehensive product portfolio to the wide…
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Source: https://upstox.com/news/market-news/stocks/pb-fintech-at-52-week-high-after-icici-lombard-policybazaar-sign-partnership/article-79369/