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$PGR said that during March, it incurred about $82MM, or about 4.9 loss ratio points of catastrophe losses vs. last year. Majority of the catastrophe losses in March was due to wind and hail storms in Texas and Louisiana. Of this, $46MM, or 2.9 points was in $PGR's vehicle businesses and $36MM, or 53 points was in Property business.
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.