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Property casualty insurance company $CINF said that it continues to see ongoing benefits from executing its agency centered strategy and working to enhance performance through various initiatives. The company's consolidate P&C combined ratio of 91.4% represented a 6.1 percentage point improvement over 1Q15.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.