INSURANCE

Clothestime Posts Larger Quarterly Loss: The struggling Anaheim operator of women’s apparel stores, which filed for bankruptcy in December, reported that its first-quarter losses grew, partly from costs related to the chain’s bankruptcy filing. Clothestime posted a net loss of $5.9 million, or 41 cents a share, for the quarter ended April 27, compared with a loss of $4.4 million, or 31 cents a share, a year ago. The loss for the recent quarter included $1.4 million in bankruptcy-related charges, primarily for professional fees, the company said. Sales fell 40% to $43.7 million from $72.3 million, as the company closed several under-performing stores.