Sterling Bank Plc (STERLN.ng) 2015 Abridged Report

first_imgSterling Bank Plc (STERLN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2015 abridged results.For more information about Sterling Bank Plc (STERLN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Sterling Bank Plc (STERLN.ng) company page on AfricanFinancials.Document: Sterling Bank Plc (STERLN.ng)  2015 abridged results.Company ProfileSterling Bank Plc is a financial services institution in Nigeria offering banking products and services to the corporate and commercial sectors as well as high net-worth individuals, small businesses and joint venture partnerships. The company provides a full-service offering for consumer and commercial banking as well as corporate, investment and wholesale banking. This includes loans and advances, letters of credit, equipment leasing, money market operations and electronic banking as well as financial advisory and securities trading services. The company was founded in 1960 and formerly known as NAL Bank Plc. Its head office is in Lagos, Nigeria. Sterling Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

For investors, 2020 should be a ‘no-brainer’

first_img So that’s it, then. Farewell, 2019. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! My Equitable Life pension, as I’ve written before, had largely shrugged off the collapse. Equitable Life had experienced its own difficulties almost a decade before, and the funds of its remaining investors were largely in government gilts and similar investments, which had been unaffected by the crisis. Individual shares have performed even more strongly, of course. In my portfolio, Greggs is up a stonking 80% over the year. IMI is up 29%.  Tesco is up 33%. Schroders is up 25%. Marston’s up 36%. United Utilities up 29%. Legal & General up 36%. And so on, and so on.Of course, there have been disappointments, too. I was saddened to see Greene King fall into Chinese hands, while Centrica and Imperial Brands have had a torrid year. I thought that Morrisons and HSBC would turn the corner this year, but no.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A year of transitionOf course, as regular readers will know, I’m not really in it for the capital gains – although naturally, I’m not complaining about this year’s outturn. Finally, too, I’ll be making sure that the smallest possible proportion of my investing returns goes to the taxman. For those with an eye to tax efficiency, ISAs and SIPPs are superb tools. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I don’t know about you, but my portfolio performed very reasonably over the year. See all posts by Malcolm Wheatley And this year – 2019 – has especial significance for me as an income investor. It’s the year that I turned 65, and began using some of that dividend stream to live off, rather than investing in further share purchases. Moreover, I’ll be working hard to keep my investment costs as low as possible, making sure that I’m getting a reasonable deal from the brokerage platforms that I use. And that also means keeping the costs of investment ‘churn’ to a minimum: not for me the buying and selling costs of frenetic trading. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. 2020 will contain surprises and setbacks, I know: every year does. Things will happen that I didn’t expect. But – as ever – there will be opportunities, with bargains on offer for those with a long-term perspective and a willingness to ignore the herd mentality. Slowly shifting investment funds from index trackers and pensions has been a ten-year journey, but the heavy lifting is now complete.Ten years ago, it was all very different…It’s a journey that began in the dark days of very early 2009, when the FTSE 100 stood at a level of 3500, having fallen 48% from its high in June 2007, as the financial crisis began. I took the plunge, and moved the pension to a brokerage platform, closely followed by another pension investment. Meanwhile, with share prices on the floor, I ploughed whatever spare cash I could raise into my ISA.center_img I’ll be investing whatever spare cash is to hand, looking out for bargains and undervalued stocks, and doing everything I can to build a sustainable and growing income. Malcolm owns shares in Greggs, IMI, Tesco, Schroders, Marston’s, United Utilities, Legal & General, Centrica, Imperial Brands, Morrisons, HSBC and GlaxoSmithKline. The Motley Fool UK has recommended HSBC Holdings, IMI, Imperial Brands, Schroders (Non-Voting), and Tesco. Image source: Getty Images Enter Your Email Address Within months of that heady high, investment bank Bear Stearns would collapse, to be followed by banks on both sides of the Atlantic. By late 2008, the global economy was in deep recession, and the mood was of darkening gloom. For investors, 2020 should be a ‘no-brainer’ Malcolm Wheatley | Sunday, 12th January, 2020 In the crash, its value had almost halved – but each new additional purchase was now on a dizzying dividend yield.What of 2020?I don’t know about you, but I plan on doing exactly what I’ve been doing for my entire investing life. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. The FTSE 100 began 2019 at around the 6600 mark, and climbed to almost 7700 by late July. Brexit nerves and political uncertainty then took the shine off things a little – as did Trump’s trade war – but we’re still ending the year at a very reasonable level. In retrospect, it was the buying opportunity of a lifetime. True, some longstanding members of my portfolio – HSBC and GlaxoSmithKline, for instance – are on something of a dividend growth hiatus at the moment. But in the meantime, they’re still throwing off very reasonable dividends. Instead, as an income investor, in almost every case I buy shares for their dividend yield and dividend growth prospects.last_img read more

Mini rugby video: How to anchor

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS We all know how prevalent jacklers have become in the game – most teams like to have a snaffling seven to steal ball at the breakdown. The likes of David Pocock and Sam Warburton are masters of this art. So how do you stop them?When a team-mate goes to ground, the first support player should provide an ‘anchor’ to try to prevent the first arriving opposition player to get to the ball. They need to get over the ball and get a strong stance so they cannot be driven off – well, at least not easily. That way you avoid turnovers and create quick ball to attack with.Watch the below video to see mini rugby players demonstrating this skill and then practise it in training – can you hold off a defender at the breakdown? This is the latest in the step-by-step guides featured in Rugby World magazine explaining to mini rugby players how to perform various skills to help develop their overall game. Mini rugby coach Nigel Botherway also provides details of different training games minis can play, which are fun and help to improve skill levels. We have also produced videos showing mini players performing various skills so you can practise replicating what they do to learn the correct technique and improve your game.For the latest Rugby World subscription offers click here and find out all the ways you can download the digital issue here. A video showing mini rugby players how to anchorlast_img read more

Clinton welcomes Apple’s tsunami appeal online

first_img Tagged with: Digital Recruitment / people About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Apple UK and Ireland’s site also features a front-page promotion of the appeal on behalf of the British Red Cross. However, supporters are directed straight to the British Red Cross’s website where they can make donations direct to the charity.Mr Clinton is working with former President George H. W. Bush to raise private donations from the US people to the emergency appeal. Clinton welcomes Apple’s tsunami appeal online Former US President Bill Clinton has welcomed IT company Apple’s use of its website to promote giving to the Asian tsunami appeals.Speaking on CNN’s Larry King Live, Mr Clinton praised the swift actions of companies such as Apple and AOL who used their websites to promote charitable giving to the emergency appeals.Apple first featured the appeal on its front page on 27 December 2004. It lists and links to many agencies who are appealing for funds. It is also handling online donations itself on behalf of the American Red Cross. The donations are handled using Apple’s iTunes music download service: “100% of your donation will go to the American Red Cross” say Apple. Advertisementcenter_img  26 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 5 January 2005 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Defending Syria’s right to sovereignty

first_imgJohn ParkerWW photo: G. DunkelTalk given at WWP conference by John Parker.Every nation in the Middle East fighting imperialism will have victories and losses, but regardless of the missteps, the various interpretations of socialism and Arab nationalism, the various degrees of working-class empowerment and international solidarity — one can’t deny the essential role of Syria in defending the region against imperialism since Syria’s independence in 1946, and especially in continuing that resistance to this day. Not only has Syria historically held back the U.S. cop in the region — Israel — but today the Syrian people and their government are helping to thwart the most dangerous threat to humanity today: U.S. imperialism.Yet, when the latest crisis of war against Syria began, we witnessed little solidarity here by organizations calling themselves anti-war or even Marxist or communist, with the exception of the United National Antiwar Coalition. Maybe one or two would lend support on paper or digitally over the Internet — but they seemed preoccupied with the fear of being seen as too supportive of Syrian President Bashar al-Assad and refused to come out to protests. Why? Because of the demonization that was so overwhelming and came from seemingly everywhere all at once — whether it was from CNN, Fox, the New York Times, the Washington Post, BBC, the Guardian or Al-Jazeera.Without someone knowing one fact, when you mention Syria you get the inevitable response, “But isn’t Assad a brutal dictator?” Well, how brutal are the crimes by U.S. presidents, responsible for the killing of millions not just once but in almost every U.S. war from the Philippines, North Korea, Vietnam, Afghanistan, Iraq and Libya. I didn’t even mention Hiroshima and Nagasaki, and death by destabilization, starvation or drones in Indonesia, Sudan, Congo, Yemen, Somalia and Pakistan. And don’t forget to count the lives lost in this country due to social programs sacrificed on the altar of the military-industrial complex to pay for these wars.U.S. imperialism is the greatest purveyor of violence and the root of most violence in the world today. The key to stopping war and state violence is to stop U.S. imperialist war, not encourage it.How much do we know about Syria’s government? A People’s Council is elected by universal suffrage of citizens at least 18 years old. It’s made up of two major coalitions — the National Progressive Front made up primarily of socialist and communist parties, and the Popular Front for Change and Liberation. This particular council was the result of elections in 2012, where seven additional parties were added to the once sole party — the Arab Socialist Ba’ath Party.Negotiations with representatives of opposition groups brought about changes to the constitution that included the elimination of the martial-law-like emergency decree. It established the requirement that half of the parliament or People’s Council be made up of workers and peasants; it mandated that major economic industry remain public property in the interest of the Syrian people as a whole, not Western banks and interests; and finally, that Syria remain in “the forefront of confrontation with the Zionist enemy and the bedrock of resistance against colonial hegemony on the Arab world and its capabilities and wealth.” That’s in the new constitution that was negotiated with the nonrebel, nonmercenary opposition forces and ratified in 2012.It is no coincidence that in 2011, while these negotiations were taking place, the violent U.S.-sponsored rebel war began, halting the continued progress being made by the nonrebel opposition with the government. And, as the increased rate of reforms was being implemented, so increased the rate of violence by the so-called rebels.Solidarity and the National QuestionRegarding solidarity, the work nationally of Workers World Party and the International Action Center reverberated all over the country.Vladimir Ilyich Lenin wrote that to repudiate the self-determination of nations fighting imperialism would be a theoretical error rendering involuntary support to the most dangerous chauvinism and opportunism of the “Great Power” nations. A primary task of our party is to be in solidarity with the latest victim of U.S. imperialist attacks.At protests against war on Syria, many of the Syrians would bring pictures of Assad and this became the issue and point of departure for some. Not for us. Our job was to do what we could to win over the anti-war movement that was on the fence or too afraid to come out. Our job was to provide facts the anti-war movement needed to feel stronger about adopting an anti-imperialist position, not to tell the Syrians how to protest.The Syrian community was extremely courageous to protest when their country was being so vilified. A massive attempt was in progress here to isolate and threaten anyone who dared to protest. All of it was in the context of racist violence and state repression against Arab people here. As we were able to attract more people from the anti-war movement, it allowed a safer space for those most targeted by U.S. repression.Lenin’s guidelines regarding the national question and fightback against imperialism were formed, developed and refined through the living, day-to-day struggles. Our Marxist party continues to use these principles to fit our day-to-day actions. That’s how we’re going to build a Workers World.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Kip Tom Honored with AgriVision Award

first_img Facebook Twitter By Gary Truitt – Aug 15, 2012 Kip Tom Honored with AgriVision Award Facebook Twitter Kip TomThe AgriVision Award, now in its sixth year, is given to a Hoosier who has demonstrated exemplary leadership to maximize the potential of Indiana agriculture.  Lt. Governor Becky Skillman presented the 2012 AgriVision Award to Kip Tom, Managing Member of Tom Farms in Kosciusko County, at the Celebration of Agriculture event in the Normandy Barn at the Indiana State Fair.  “Kip’s vision and innovative spirit are what the AgriVision Award represents,” Skillman said. “He has led the growth of Tom Farms, taking the family business from its very conservative and traditional beginnings beginning in 1950 to an early adapter of more aggressive business principles and technologies in the industry today.  Because of Kip’s vision, his family business is the leader in seed corn production and provides services globally to Monsanto and DuPont.” SHARE He told HAT his vision for Indiana is one of continued growth and productivity, “We have the resources and the public policy to make Indiana a major player in the world market.”  Tom just returned from Argentina where he said the agriculture future is much different, “They have tremendous resources, but 65% of their farmers’ gross profit is taken by the government in taxes.” In addition, he said their government is about to implement new regulations that will restrict what their farmers grow and how they farm. Home News Feed Kip Tom Honored with AgriVision Award A life-long resident of Kosciusko County, Indiana, Kip Tom grew up on his family’s farm in the community his ancestors homesteaded in 1837. Tom raised his own family on this same farm. Today his family’s business is a leader in agriculture production globally. Tom Farms’ seed corn production operations include those in the United States and Argentina. Tom Farms also provides products and services to various other Indiana companies such as Red Gold. Kip is on the Board of Directors of the Indiana Economic Development Corporation, serving with Governor Mitch Daniels. He also serves as an advisor to the Indiana Department of Agriculture (ISDA) and is a member of the ISDA Indiana Grown program.[audio:https://www.hoosieragtoday.com//wp-content/uploads//2012/08/awards-wrap.mp3|titles=Kip Tom Honored with AgriVision Award]Audio Playerhttps://media.blubrry.com/hoosieragtoday/p/www.hoosieragtoday.com//wp-content/uploads//2012/08/awards-wrap.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Podcast: Play in new window | Download | EmbedSubscribe: RSS SHARE Previous articleWomen In Agriculture Receive Special Recognition At State FairNext articleNRCS Announcing Grants to Help Farmers Adapt to Drought Gary Truittlast_img read more

In Brazil, football has taken a hit, but not as much as press freedom

first_img April 27, 2021 Find out more Reports Follow the news on Brazil Receive email alerts May 13, 2021 Find out more RSF_en The campaign aims above all to draw attention to the threats, physical attacks and murders that target journalists in the land of football. Designed by the French advertising agency BETC, it is available in French, English and Portuguese.It consists of a visual in Brazil’s colours with the words, “In Brazil, football has taken a hit, but not as much as press freedom,” and the Brazilian flag with Rio’s Christ the Redeemer clasping a hand to his face in the centre of the flag.A total of 21 journalists have been murdered in Brazil since 2004, 12 of them in the past three years. They were usually gunned down on the street and in many cases because they had been investigating corruption, drug trafficking or conflicts of interest.“No matter how traumatic for Brazilians, the Seleçao’s defeat in the World Cup must not deflect attention from what is a much graver setback for this country, namely the abysmal level of freedom of information and security for journalists,” said Reporters Without Borders secretary-general Christophe Deloire.According to RWB’s tally, there have been at least 54 physical attacks on journalists since the start of the year. In February, a journalist was fatally injured in clashes between police and protesters for the first time since the start of the protests against the World Cup. The victim was cameraman Santiago Ilídio Andrade, who was covering rioting in Rio for Bandeirantes TV.Two other journalists – Pedro Palma and José Lacerda da Silva – were gunned down in cold blood the same month. Brazil is facing an emergency – its failure to protect journalists.RWB’s secretary-general met Thomas Traumann, the minister in charge of the Secretariat for Social Communication, in the Planalto presidential palace in Brasilia on 10 July. He also met with foreign ministry officialsIn both meetings, he stressed the gravity of the attacks on journalists and referred to the recommendations for addressing violations of freedom of information that Reporters Without Borders made in its January 2013 report on Brazil entitled “The country of 30 Berlusconis.”Brazil is ranked 111th out of 180 countries in the 2014 Reporters Without Borders press freedom index.The campaign visual is royalty-free but please credit © BETC for Reporters Without Borders. July 12, 2014 – Updated on January 20, 2016 In Brazil, football has taken a hit, but not as much as press freedom Campaigns BrazilAmericas Organisation RSF begins research into mechanisms for protecting journalists in Latin America BrazilAmericas Alarm after two journalists murdered in Brazil News 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies News Reporters Without Borders is using the World Cup in Brazil as a peg for an awareness campaign about the constant violations of freedom of information and violence against of journalists in this South American nation. Help by sharing this information April 15, 2021 Find out more to go furtherlast_img read more

RSF calls on Maldives to stop dismantling critical media

first_imgNews September 12, 2018 Find out more Help by sharing this information Maldivian president’s comms chief accused of sexually harassing journalist RSF_en RSF seeks press freedom pledges from Maldives presidential candidates Follow the news on Maldives RSF calls for open trial of Maldivian blogger’s accused murderers MaldivesAsia – Pacific Condemning abusesOnline freedomsMedia independence CorruptionJudicial harassmentFreedom of expressionInternet to go further MaldivesAsia – Pacific Condemning abusesOnline freedomsMedia independence CorruptionJudicial harassmentFreedom of expressionInternet Reporters Without Borders (RSF) is alarmed by mounting government hostility towards critical and independent news media in Maldives, where the editor of a news website has just revealed that it was forced to close by government pressure, and calls on the Commonwealth to react without delay.center_img Ismail Rasheed, the editor of a popular website called Channel News Maldives (CNM), issued a statement on 25 June denying claims by the businessman who owns the majority share in the website that it had to close for economic reasons. “At first, attempts were made to take over the company and transfer it into a pro-government new website,” said Rasheed, who was the website’s minority shareholder as well as its editor when it was finally shut down on the night of 24 June. “When this did not become successful, pressure was mounted to completely close down the company,” Rasheed said. Insisting he resisted as long as possible, Rasheed added that he finally accepted the closure so that “the businessman behind the financing of CNM does not face further challenges” and to ensure that CNM’s five-year-old archive of articles and photos was not destroyed. “The close of Channel News Maldives is very bad news for pluralism and democracy in Maldives,” said Benjamin Ismaïl, the head of RSF’s Asia-Pacific desk. “The disappearance of one of the last media outlets still daring to criticize the government will inevitably be accompanied by an increase in self-censorship by the few remaining independent media still operating. The pressure from the government must stop, and the Commonwealth must react urgently so that Maldives does not end up with a political system that only has room for pro-government views.” Pressure on the media has been mounting for months. On 12 April, the supreme court upheld an August 2015 high court decision splitting the ownership of Haveeru, the country’s oldest independent daily – a decision that forced the newspaper to stop producing a print issue and finally to close its website. Just days later, the government-controlled Communications Authority of the Maldives ordered the country’s three Internet service providers to block access to Addu Live, an independent news website. The site’s representatives attributed the blocking to its coverage of government corruption. In a parallel development, 16 journalists were arrested on 3 April while staging a demonstration in Malé in protest against the decline in government respect for media freedom. An Indian Ocean archipelago, Maldives is ranked 112th out of 180 countries in RSF’s 2015 World Press Freedom Index, after falling 60 places since 2010. News News July 15, 2020 Find out more Organisation Screenshot of CNM website (https://web.archive.org/web/20160518145109/https://cnm.mv/) Receive email alerts June 30, 2016 RSF calls on Maldives to stop dismantling critical media News April 23, 2018 Find out morelast_img read more

Using Data to Your Advantage

first_img in Daily Dose, Featured, News, Print Features Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe October 25, 2019 1,133 Views  Print This Post Home / Daily Dose / Using Data to Your Advantage Share Save Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Mike Albanese Related Articles Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: data Technology Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Firm Serving Default Industry Honored Next: The Week Ahead: Update on Vacant Properties Demand Propels Home Prices Upward 2 days ago Editor’s note: This feature originally appeared in the October issue of DS NewsJody Gunderson joined National General Lender Services as EVP in 2018. In her role, she is focused on furthering the company’s growth through industry awareness of National General’s capabilities, commitment to compliance, and custom product offerings. Gunderson also lends her experience and support to a variety of industry groups to strengthen the mortgage servicing industry.Prior to joining National General, Gunderson supported Assurant, Inc. for over 19 years in various key leadership roles, last serving as SVP, responsible for enterprise strategic relationship management. Gunderson began her career at Bank of America where she assumed positions of increasing responsibility in banking, mortgage and insurance, including VP of Bank of America’s Insurance Agency. In addition to her over 30 years of experience in the mortgage and insurance industry, Gunderson is a multiple award-winning executive recognized by MarCom and Hermes, and in 2017 was named by HousingWire as one of the 50 most influential women in the mortgage finance industry. She recently sat down with DS News to discuss natural disasters, and how data can benefit both the borrower, and the lender. What has data taught us on how to react and prepare for natural disasters?There is an increasing amount of information concerning disaster events that allows servicers and their insurance providers, such as National General, to be more proactive rather than constantly reactive. Historically, when we knew that a tropical storm, hurricane, or wildfire was forming, our insight into the specific areas of impact and the level of damage was broad and largely ill-defined. Today, the enhanced modeling and available data allows us to prepare precise analysis and targeted response plans by specific catastrophe type and severity. This ensures a quicker response and level of readiness when an event takes place.   It’s crucial to have disaster response plans that advance the overall borrower experience. National General’s enhanced catastrophe data modeling enables us to proactively prepare for large events and avoid impact to normal work volumes. This benefits impacted borrowers who need to initiate claims or manage their loss drafts, as well as borrowers that are miles away who contact us about routine insurance inquiries. The nationwide borrower experience should remain consistent regardless of an event.Additionally, data continues to teach us lessons. Experts on the panel [“Disaster Data: What It Shows and Why Change is Needed”] highlight that insurance industry loss data currently indicates many properties are underinsured, thus lacking sufficient coverage to fully rebuild. From this data, our panel recommends the need to recalculate insurance replacement cost more frequently so that customers are more fully protected. This analysis and recommendation will help avoid pitfalls in the future.How has the evolution of technology impacted our ability to track, react, and prepare for storms?Both the insurance and mortgage industries have more information than ever to identify specific impacts in areas where natural disasters are forecasted to strike. Meteorological forecasts have become more accurate and are able to discern potential events, especially hurricanes, further in advance. We also have better information about potential flooding and wildfire events. This enhanced data and more precise modeling translates into better analytics and thus a better borrower experience.For modeling, National General utilizes a variety of meteorological services, combined with advanced geocoded modeling software, to develop information about a catastrophe’s potential impact on a loan portfolio. For instance, when a hurricane landfall is imminent, we feed property data into our catastrophe analysis software to generate servicer-specific exposure reports. Further, we provide county/ZIP code lists and maps for each catastrophe where FEMA announces federal declarations for individual disaster assistance. We also provide our data to clients for their use in proprietary models. It’s also critical to quickly adapt and respond to advance the customer experience as well as satisfy regulatory matters. It’s possible now to get out in front of an event both from a borrower prospective as well as operationally. Proactive communications and education can be delivered to inform or reinforce the customer’s knowledge on what to do in the event of a loss. Also, the servicer and its insurance partner have the lead time to ramp up staffing and refresh catastrophe training. They can also implement operational changes such as accelerated tracking to ensure renewals are paid in advance.For regulatory matters, such as the GSEs changing Loss Draft disbursement thresholds, it’s imperative that servicers and their insurance providers quickly make the update and get needed funds into the customer’s hands. At National General, we use our technology to make on-the-spot updates to business rules that quickly implement process changes.It’s also important to anticipate future activities. When notified of a loss, NatGen creates an electronic file in our Loss Drafts Platform, even before the claims documents are received, in an effort to expedite processing. When the documents are complete, they are available for view by customers or clients via our secure web portal. This proactive process and web-based technology allow us to accelerate the process to restore the borrower’s loss while additionally providing a more cost effective approach to our clients, a win-win.How have the GSE’s servicer obligations changed through the years?Servicers continue to be held to increasing levels of accountability by the GSEs. Specifically, they are required to maintain higher levels of vendor oversight, as servicers are held accountable for their actions of their service providers. The increasing capacity of technology allows National General to make the necessary updates to quickly update business rules to meet the ever-changing requirements of the GSEs and private investors. We also partner closely with our clients’ vendor management teams and provide transparent reporting that is required for their GSE and other regulatory audits. Aside from using data, what more can servicers do to help the borrowers during a time of crisis?Servicers and their insurance providers should be focused on the borrower’s experience during a crisis situation. Training call center staff to handle calls with empathy, with a focus on first-call resolution and taking the time needed to resolve the issue, ensures the borrower knows they are valued as a person beyond the business relationship. Beyond the Golden Rule, a focus on the human element creates true brand loyalty that benefits both the borrower and the servicer. This borrower-centric focus is especially important following a catastrophe. Borrowers are often displaced while dealing with complex personal and financial issues. This leads to stress, especially when dealing with a mortgage or insurance. A focus on simplifying and easing the borrower’s use of products and services in providing and obtaining required information is very important. This may require that communications methods be altered. Additionally, borrowers should have access to mobile-friendly tools as all of us increasingly use our smartphones to manage our lives. These tools should be intuitive and make the process as smooth and efficient as possible since the borrower’s ability to comply with insurance requirements may be challenged.How are lenders utilizing data to help borrowers?Catastrophe data and analysis enables lenders to apply unique processing rules for borrowers in impacted areas leading up to and following a catastrophe event, such as providing targeted communications, waiving late fees in specific geographies, etc. Lenders can also activate assistance channels in their branches or service centers in the impacted areas, so that borrowers can obtain in-person assistance in their community or near evacuation points. Data also allows servicers and their insurance providers to analyze past events to help determine how certain tranches of borrowers will react to a loss and what their needs will be. For instance, borrowers with high value properties have different needs than those with starter homes. By pattern analysis, custom business rules and call scripts can be developed that best address the needs of each situation.What are the biggest missteps companies make when relying on data to react and prepare for a natural disaster?The human element can often be overlooked when preparing for a natural disaster response. This happens inadvertently because of the level of additional effort necessary to respond to an event coupled with the need to maintain consistent business rules. It’s important to employ measures to evince care and concern. One way is to empower staff to go beyond expressing empathy, but also to take the time to truly listen. Often having someone to talk to for even a minute or two can take away a lot of stress, as well as build rapport. There should also be provisions in the response plan to allow for reasonable accommodations within the established business rules. One way to accomplish this is to offer a choice of potential solutions. The ability to make choices empowers a borrower at a time when they feel many things in their life are completely out of their control. The human element is powerful as it is how we connect and how we build loyalty. It should never be discounted and should always put any data into perspective.Why are events such the Disaster Preparedness Symposium important for industry professionals?A forum of industry experts and peers provides a great venue to learn new information and share best practices. The ability to hear from multiple experts collectively expands our perspective and challenges our status quo thinking. Five Star’s symposium focusing on the topic of disaster preparedness is incredibly timely and important. This helps increase the industry’s collective knowledge so that we all are more prepared to face future catastrophic events and stand ready to assist borrowers in their time of need.  data Technology 2019-10-25 Mike Albanese Using Data to Your Advantage Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. last_img read more

‘Final Report Filed Only After Lapse Of 90 Days, Even Before Which Plea For Default Bail Filed’: Madras HC Releases Murder Accused [Read Order]

first_imgNews Updates’Final Report Filed Only After Lapse Of 90 Days, Even Before Which Plea For Default Bail Filed’: Madras HC Releases Murder Accused [Read Order] Mehal Jain12 Aug 2020 4:39 AMShare This – xNoting that the final report has been filed only after the lapse of the statutory period of 90 days, and even before the final report was filed, the petitioner had moved the subordinate court seeking default bail, the Madras High Court last week held a murder accused, in custody since 5 months, to be entitled to bail under section 167(2), Cr. P. C.Justice V. Bharathidasan noted that…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginNoting that the final report has been filed only after the lapse of the statutory period of 90 days, and even before the final report was filed, the petitioner had moved the subordinate court seeking default bail, the Madras High Court last week held a murder accused, in custody since 5 months, to be entitled to bail under section 167(2), Cr. P. C.Justice V. Bharathidasan noted that the occurrence is said to have taken place on 06.03.2020 and the petitioner was arrested on 08.03.2020 and remanded to judicial custody on 09.03.2020 and now he has been in jail for nearly five months. The Single Judge appreciated that the statutory period of ninety days under section 167(2) has been completed on 07.06.2020, however, the respondent police has filed the final report before the concerned Court only on 18.06.2020. The Single Bench noted the petitioner’s submission that a bail application had been filed after expiry of 90 days and before the filing of the final report by the respondent police, but the Magistrate’s court below erroneously dismissed the bail petition. Accordingly, Justice Bharathidasan rejected the argument of the Government Advocate that the respondent police have completed the investigation and filed the final report before the concerned Court on 18.06.2020, and hence he is not entitled for statutory bail.The bench recorded that the petitioner is seeking bail invoking the provision under Section 167(2) of the Code of Criminal Procedure, on the ground that even after expiry of 90 days, no final report had been filed by the respondent police. “Section 57 of the Code of Criminal Procedure empowers the Police Officer to detain the accused in custody for 24 hours. However, Section 167 of the Code of Criminal Procedure, as amended, authorizes the Magistrate to detain the accused in custody for a term not exceeding fifteen days in the whole. Section 167 also empowers a Magistrate to detain a person in custody while the investigation is being conducted by the police and also prescribes the maximum period for which such detention could be ordered. However, the proviso to Section 167(2) stipulates the right of an accused to be released on bail after the expiry of maximum period of detention provided therein”, appreciated the Single Judge.”The Hon’ble Supreme Court, in number of its pronouncements, has clearly held that the Proviso to Sub-Section (2) of Section 167 is a beneficial provision for curing the mischief of prolonging the investigation indefinitely, which ultimately affects the liberty of a citizen”, reflected the bench, reiterating that the Right for bail under Section 167(2) is a indefeasible right and it cannot be frustrated by the prosecution. “The Court cannot extend the period within which the investigation must be completed on any reason, in the absence of any provision empowering the Court to extend the period. After expiry of the statutory period prescribed under Section 167(2) of the Code of Criminal Procedure, the accused cannot be detained in custody”, repeated the Single Judge.Justice Bharathidasan placed reliance on the June 19 judgment of the top court holding that its suo moto order extending limitations in view of the lockdown restrictions of the government will not affect the right of an accused to seek default bail under Section 167(2) of the Code of Criminal Procedure. Holding thus, a bench comprising Justices Ashok Bhushan, M R Shah and V Ramasubramanian set aside the judgment of a single bench of the Madras High Court in S Kasi v State through the Inspector of Police, which had held the time to file chargesheet under Section 167(2) CrPC will also get extended on account of the SC order extending limitation and the lockdown restrictions. It was on account of this judgment of the Madras High Court that the Magistrate in the present case had dismissed the petitioner’s prayer for default bail.”Very recently, the Hon’ble Supreme Court in CRIMINAL APPEAL No.452 OF 2020 (ARISING OUT OF SLP (CRL.) NO.2433/2020) [S.KASI VERSUS STATE THROUGH THE INSPECTOR OF POLICE, SAMAYNALLUR POLICE STATION, MADURAI DISTRICT], decided on 19.06.2020, after considering the various other judgments, has held that an accused cannot be detained by the police beyond the maximum period prescribed under Section 167 of the Code of Criminal Procedure”, observed Justice Bharathidasan.Accordingly, the Single bench was of the view that the final report having been filed only after the lapse of 90 days and even before the final report filed, the petitioner having moved the Court seeking bail, the petitioner is entitled to be released on bail.Click Here To Download Order[Read Order] Next Storylast_img read more