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$TRV 2Q15 Call: Effective Jan. 1, 2015, increased attachment point of Gen-Cat reinsurance by replacing previous Gen-Cat treaties. During 2Q15, repositioned northeast specific Cat coverage, lowering its attachment point from about $2Bil while maintaining maximum recovery. Increased potential reinsurance recoveries and repositioned attachment points.
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.