hafiz cakep, Author at crepusculedespharaons.com

Insurance

Here are 3 reasons why you need multiple

hafiz cakep 14 hours ago

Sam Swenson, CFA, CPA, The Motley Fool
Published 4:00 a.m. MT Sept. 22, 2020

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This budgeting rule will help increase your savings account.

USA TODAY

Things happen. They happen to people and inanimate objects, and they happen for very good reasons or for no reason at all. For those in pursuit of accumulating significant retirement accounts and robust stock portfolios, or even if you’re new to saving, it’s never a bad time to review your insurance policy holdings.

The moment you think you don’t need insurance is an invitation for your bike to be stolen (yes, this happened to me a few months ago). Even if a peril has not struck you or your family yet, it’s absolutely critical that you identify areas of your life that stand at risk and find ways to protect them adequately. Here are three reasons why you can’t afford to be uninsured.

1.

Money

U.S. household wealth hits record high even as economy struggles

hafiz cakep 15 hours ago

Americans’ household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes.

The Federal Reserve said Monday that American households’ net worth jumped nearly 7% in the April-June quarter to $119 trillion. That figure had sunk to $111.3 trillion in the first quarter, when the coronavirus battered the economy and sent stock prices tumbling.

Since then, the S&P 500 stock index has regained its record high before losing some ground this month. It was up 2.8% for this year as of Friday. The tech-heavy Nasdaq has soared more than 20% this year.

29 million unemployed

The full recovery of wealth even while the economy has recovered only about half the jobs lost to the pandemic recession underscores

Finance

Hackers Keep Hitting Financial Services Despite Hefty Cyber Spend

hafiz cakep 15 hours ago

Rod Holmes, vCISO, The Crypsis Group.

Security padlock protection in network data — getty

Financial services organizations consistently outspend most of their vertical sector peers in cybersecurity staff, tools and associated investments, but the cyber hits just keep coming. According to our recent report, the financial services industry received the highest number of business email compromise (BEC) attacks in 2019 and the second-most cyber incidents across all types, following the healthcare sector.

For years, financial services has led the pack in cybersecurity spending. In 2015, for example, a Homeland Security Research study concluded the U.S. financial services cybersecurity market was the largest and fastest-growing nongovernmental market in cybersecurity.

In 2019, financial services companies dedicated between 6% and 14% of their annual IT budgets to cybersecurity (an average of 10%), according to a Deloitte study. (Current recommendations are between 4% and 10%; however, most companies fall short). In light of increasing Covid-19-related threats, these institutions plan to

Business

Global Motor Lamination Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alinabal Inc. and Alliance Steel

hafiz cakep 15 hours ago

The global motor lamination market size is expected to grow by USD 4.21 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 6%. Request Free Sample Report on COVID-19 Impacts

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200920005032/en/

Technavio has announced its latest market research report titled Global Motor Lamination Market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on “Motor Lamination Market Analysis Report by Material (Silicon steel, Cold rolled lamination steel, Cobalt alloys, Nickel alloys, and Others) and Geography (APAC, Europe, North America, MEA, and South America), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/motor-lamination-market-industry-analysis

The market is driven by the increasing

Insurance

Betterment launches phone insurance with Sure partnership

hafiz cakep 2 days ago

Betterment teamed up with tech company Sure to offer phone insurance.
And to further differentiate its offering and enhance its competitive advantage, it should look to add more insurance options.

The US-based digital wealth manager has teamed up with tech company Sure to offer phone insurance, per a press release. Customers of Betterment Checking—the startup’s checking account and accompanying debit card—can purchase coverage for phone damage or theft, as long as they pay their monthly phone bill using a Betterment Visa debit card.

eToro debit card launching soon

Betterment is moving into phone insurance.

Business Insider Intelligence

While the claims process is supported by Sure’s platform, the insurance policy is being provided by an undisclosed global insurance company, and customers will receive up to $600 per claim, with a maximum of two claims per 12-month period and a $50 deductible for each claim.

Betterment Checking only launched a few months ago, and enhancing the offering

Personal

Is your SBI home, personal loan eligible for restructuring? How to check online

hafiz cakep 2 days ago

SBI’s retail customers upon logging in the portal will be asked to key in their account number. After completion of OTP validation and inputting a few necessary information, the customer will come to know their eligibility and receive a reference number. This reference number will be valid for 30 days and within which time customers can visit the branch to complete the required formalities.

C.S. Setty, Managing Director (Retail & Digital Banking), SBI expressed the hope that with the launch of this portal, the customers will find it operationally convenient to check their eligibility before they go to a branch.

Under this resolution framework framed by RBI, such borrowers are eligible whose loan accounts were classified as standard and not default for equal to or more than 30 days as on 1 March, 2020, and their incomes are impacted by Covid-19.

Retail customers will be offered a simple option to

Money

Major Banks Moved Vast Sums of Illicit Money: ICIJ | Voice of America

hafiz cakep 2 days ago

WASHINGTON – Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.

“Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).

The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financial law enforcement agency, FinCEN, by banks from around the world.

“These documents, compiled by banks, shared with the government, but kept from public view, expose the hollowness of banking safeguards, and the ease with which

Finance

People are ditching in-person financial services for apps | Technology

hafiz cakep 2 days ago

“People are trying digital finance for the first time,” Perret said. “It’s going from an attitude where people think, ‘I do my banking in person,’ or, ‘I do financial services in person,’ to an attitude of thinking, ‘I could use these digital services.’ Breaking that zero-to-one gap, that’s the biggest gap.”

What’s next for fintech?

While the growing demand for fintech is promising for the industry, concerns about data privacy and cybersecurity could be a hurdle for further growth.

In a recent survey by international law firm Goodwin of more than 700 global business leaders about fintech trends, nearly half ranked cybersecurity as the largest threat to the adoption of digital financial services. There are also issues like possible tech glitches as users are trying to make crucial transactions, as happened to several online brokerages on the day that Apple and Tesla stock started trading at newly split prices last

Business

Business Partners Find New Opportunity After Financial Hardship

hafiz cakep 2 days ago

Sunday, September 20th 2020, 10:56 pm

By: Hunter McKee

OKLAHOMA CITY –

Two business owners impacted by the COVID-19 pandemic are exploring a new adventure this fall. This week marks the grand opening of Hillbilly Haven, an outdoor family fun farm located at the intersection of Coltrane and Wilshire.

Nick Henthorn and Scott Hill co-own Phoenix Oil and Gas in Edmond, but they say business has been tough due to COVID-19.

“We’ve been trying to drum up business,” Henthorn said. “Trying to earn a check.”

With time on their hands, they put their heads together and created a place for family and friends.

“We’ve been out here every single day,” Henthorn said. “Morning to night, doing our very best trying to make it as nice and clean as possible.”

From pumpkin sales to pony rides, Hill said Hillbilly Haven has something for the whole family to enjoy.

They had been

Insurance

A piece of $2.7 billion in health insurance rebates could be coming

hafiz cakep 3 days ago

zoranm | E+ | Getty Images

Your health insurance company may owe you some money.

Depending on how you get your coverage, you could be one of the 7.9 million policyholders expected to get a piece of about $2.7 billion in premium rebates from various insurers, according to the Kaiser Family Foundation. While such refunds are issued yearly, the anticipated amount would be nearly double the $1.4 billion issued last year.

Generally, you’re more likely to get a rebate — or already have received one in recent weeks — if you have an individual policy (including through a state health exchange or the federal one) or participate in a small- or large-group plan, said Karen Pollitz, a senior fellow with the foundation. Many of the biggest U.S. employers choose to self-insure, which means their plans don’t have to adhere to certain requirements placed on insurance companies. Different rules also apply

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hafiz cakep

Here are 3 reasons why you need multiple

1.

U.S. household wealth hits record high even as economy struggles

29 million unemployed

Hackers Keep Hitting Financial Services Despite Hefty Cyber Spend

Global Motor Lamination Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Alinabal Inc. and Alliance Steel

Betterment launches phone insurance with Sure partnership

Is your SBI home, personal loan eligible for restructuring? How to check online

Major Banks Moved Vast Sums of Illicit Money: ICIJ | Voice of America

People are ditching in-person financial services for apps | Technology

What’s next for fintech?

Business Partners Find New Opportunity After Financial Hardship

A piece of $2.7 billion in health insurance rebates could be coming