Is "AIC BUSINESS INSURANCE" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "AIC BUSINESS INSURANCE"?

Allstate has been in business since 1931. The company provides various retail products primarily in the insurance sector. Their offerings include auto insurance, home insurance, life insurance, and renters insurance. Allstate also provides financial services such as retirement and investment products. The company operates through a network of local agents and has a significant online presence for customer service and product management.

  • **AIC**: Abbreviation for the insurance company or agency
  • **BUSINESS**: Indicates the type of insurance (business insurance)
  • **INSURANCE**: Specifies the nature of the transaction (payment for an insurance policy)

    • Verify if this transaction is fraud in 30 seconds

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

    STEP 1

    Connect your Email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

    STEP 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

    STEP 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.

    SimplyWise Community Comments
    Transaction codes from Allstate
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