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Representational Image.The Bank of Singapore (BOS) has initiated a detailed investigation into the improper use of medical benefits by its employees, including claims for ineligible items like bird’s nest, skincare products, and supplements, according to reports quoting sources familiar with the matter.The investigation, which involved “hundreds” of employees, uncovered instances where staff had submitted claims for items not covered under the company’s medical benefits scheme. These…
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Cyber Fraudsters: Fraudsters Cheat Former Lic Employee Of 25 Lakh | Trichy News
Trichy: Cyber fraudsters posing as govt officials have cheated a 59-year-old man of 25 lakh by threatening to take action against him in a fake money laundering case.Trichy cybercrime police said the man, native of Trichy city, was a former employee of LIC in Thanjavur. On Apr 9, he received a call from an unknown man posing as a Telecom Regulatory Authority of India (TRAI) official. The fraudster alleged that the man had laundered 37 crore through his Canara Bank account and threatened that…
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Florida insurance company drops thousands of homeowners in SWFL ahead of hurricane season
With just weeks before the start of hurricane season, thousands of homeowners in Southwest Florida are being dropped by their home insurance companies.The letters from ASI-Progressive started going out this week. The company reported last year it planned to shed about 100,000 policies.John Cunniff of Bonita Springs said he had received one of the letters and immediately began looking for replacement coverage.“It simply said they were reducing their hurricane exposure,” Cunniff…
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US Insurance Regulators Preparing Republic First Bancorp Seize: Report
REUTERSUpdated Apr 27, 2024, 04:39 ISTU.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday, citing people familiar with the matter. (Reuters) -U.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday, citing people familiar with the matter.If seized, it would mark the latest regional bank failure…
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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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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.
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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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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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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