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Approx. 20% of the Allstate brand rate increases approved in 2015 were earned in the first nine months of 2015. Around 45% is expected to be earned in 2015 with the remainder earned in 2016 and 2017. $ALL continues to pursue rate increases to respond to higher loss trends, subject to regulatory processes and review.
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.