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India Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry. "It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India," said Som Mittal, president of the National Association of Software and Service companies (Nasscom), a representative boddy for the industry.

Premium investment companies see more mortgage fraud cases multiplying the number of homeowners affected by scams and fraud.

Fraud and scams are huge amongst American Insurance Companies according to "Fraud Digest".