Monthly Archives: <span>August 2014</span>

NAB Sees $410 Million in U.K. Charges in Annual Result

National Australia Bank Ltd., the nation’s largest lender by assets, will set aside more than £245 million ($410 million) in its full-year result for compensation related to U.K. insurance and hedging products. The Melbourne-based lender’s shares fell 0.9 percent to …

Amlin First-Half Profit Drops as Catastrophe Losses Widen

Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted an eight percent drop in first-half pretax profit on losses from foreign exchange and natural catastrophes. Profit declined to £148.5 million ($248.5 million) from £161.4 million [$270 million] …

People – South Central

Berkshire Hathaway Travel Protection (BHTP) expanded its national sales force by hiring Bill Miller as executive vice president – sales. He is based in Grapevine, Texas. Prior to coming to BHTP, Miller was the senior global-supplier-management director at Paris-based Carlson …

Texas Bill Would Delay New Rules on Storing Hazardous Chemicals

The massive fertilizer plant explosion that killed 15 people last year is unlikely to meaningfully change regulatory or safety rules in Texas until at least 2016 under a bill proposed by lawmakers tasked with scrutinizing the blast. The prospect of …

Chance of Below-Normal Hurricane Season Now Up to 70%

Forecasters with the National Weather Service raised the likelihood for a below-normal season in their most recent Atlantic hurricane season outlook. The Aug. 7 update predicts a 70 percent chance of a below-normal season, a 25 percent chance of a …

Fees, Plus Commissions, Allowed for Retail Insurance Agents in Texas

Retail insurance agents in Texas are allowed to charge certain fees in addition to a commission in relation to selling an insurance policy, but those fees must be disclosed to the customer. “Texas is one of the few states that …

San Diego Comic-Con Files Trademark Suit Against Utah Convention

Organizers of the biggest comic-book convention in the nation sued their counterparts in Salt Lake City over the event’s name, saying it confuses fans into thinking the two are affiliated. San Diego Comic-Con’s lawsuit, which was filed early August in …

People – West

Salt Lake City, Utah-based The Buckner Co. is making several leadership changes. Terry H. Buckner, formerly the president and CEO, will now serve as chairman and CEO. Buckner plans to focus more of his attention now on external growth and …

Oregon Family of DUI Victim Settles with Driver, Restaurants

A settlement agreement in a Lane County, Ore., drunk driving lawsuit appears to award slightly more than $180,000 to the victim’s heirs. The mother and two children of a Cottage Grove woman killed by a drunken driver in 2012 have …

California Windshield Repairer Ordered to Pay Insurer $1.4M

The owner of a Sonoma County windshield repair business accused in a fraudulent billing scheme has been ordered to pay Allstate Insurance and the state of California more than $1.4 million. Court records allege Alkayisi engaged in an elaborate scheme …