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$TRV said that its operating income for Personal Insurance was $222MM in 4Q15, which decrease of $20MM. The decline was due to a lower underlying underwriting gain, higher catastrophe losses and lower net investment income, partially offset by higher net favorable prior year reserve development.
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.