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Captain arrested following North Sea ship collision
Sodium cyanide update An exclusion zone is in place around both vessels. According to some reports, the cargo ship owners say the Solong was not carrying sodium cyanide, as previously reported, but did carry empty containers that once held the toxic chemical. Source link

The Top Six Coverages to Consider
Operating a used car dealership comes with unique risks requiring the right used car dealer insurance. Whether you’re a small, independent dealer or part of a multi-state operation, minimizing risk and protecting your business is essential. In this article, Jason McConkey, Director of Transportation at Central Insurance, shares insights on the key factors influencing used…

Court sides with Markel in dispute over defense costs in United Talent Agency poaching case
CAA alleged that UTA engaged in a deliberate scheme to hire away its clients and employees. The lawsuit included claims such as inducing breach of contract, intentional interference with contractual and economic relationships, aiding and abetting breach of fiduciary duty, and conspiracy—each requiring proof of intentional wrongdoing. The Ninth Circuit held that these claims, by…

Sierra Financial gains approval to acquire Preferred Security Life
The company’s subsidiaries include Sierra Mortgage Capital, a nationwide closed loan mortgage conduit acquiring first lien residential whole loans; Sierra Lending Group, a retail residential mortgage originator serving the Texas market; Sierra Lending Corporation, which offers similar mortgage products in California; and Sierra Insurance Services, a Houston-based insurance agency specializing in life insurance. Source link

WTW strengthens credit risk services with new deal
“This acquisition is part of our strategic effort to scale high-growth broking businesses and expand our capabilities across the insurance value chain,” said Scott Burnett, head of corporate mergers and acquisitions for WTW’s risk and broking division. “GCC brings strong market penetration, especially in the trade credit space, and will significantly enhance our scale and…