Vessel Title Insurance Helps Protect Assets
When maritime liens turn up, an unsuspecting vessel owner and the lender can be left in the wake of a deal gone sour. But thanks to a new form of title insurance tailored to the maritime industry, owners, lenders and lawyers who might have green-lighted the transaction with a legal opinion are insulated from the potential risk. First American Transportation Title Insurance Co., a member of The First American Corp., recently introduced its EAGLE Protection Vessel Title Insurance to protect owners and lenders against title defects and deficiencies. The company's location in a renovated French Quarter complex - a stone's throw from the Mississippi River and the Port of New Orleans - is no accident.
Los Angeles Board of Harbor Commissioners Re-Elect President
Nicholas Tonsich and Elwood Lui were reelected as president and vice president, respectively, of the Los Angeles Board of Harbor Commissioners during the annual election of officers at an August 6 board meeting. Tonsich, a practicing attorney, is a partner at Glaser, Tonsich & Brajevich, a San Pedro-based law firm with a focus on litigation matters pertaining to environmental issues, tort defense, maritime law, employment, discrimination, real estate transactions and development, zoning enforcement and contractual disputes. He is a resident of San Pedro. Lui is a partner at Jones, Day, Reavis & Pogue, a Los Angeles law firm specializing in commercial litigation. He concentrates on both federal and state court appeals.
