UPDATE (12/26/24): Corporate Transparency Act – Filing Deadline PAUSED by 5th Circuit Court of Appeals
Once again The Corporate Transparency Act is making headlines before its implementation, which has now had the filing deadline put on hold (again) by the Fifth Circuit Court of Appeals, which has led FinCEN to release a statement for reporting companies to file their initial beneficial ownership information (BOI) reports with FinCEN that the BOI filings are now voluntary. [...]
UPDATE: Corporate Transparency Act – Filing Deadline Reinstated With Deadline Extensions
Again The Corporate Transparency Act is making headlines before its implementation, which has now been reinstated with an extension to January 13, 2025 for reporting companies to file their initial beneficial ownership information (BOI) reports with FinCen. The Corporate Transparency Act has been the subject of some recent legal action taken by CAI in hopes of preventing this Act [...]
Navigating the Insurance Crisis — CAI Article by Dawn Bauman, CAE / December 11, 2024
For anyone living in a multi-family homeowners association or condominium association, dealing with insurance coverage for the community has been a real challenge the past several years. In light of the challenges with finding coverage (as well as keeping coverage), CAI is working very hard behind the scenes in an effort to help being some relief to the over [...]
UPDATE: Corporate Transparency Act – Preliminary Nationwide Injunction Granted by District Court in Texas
The Corporate Transparency Act has been the subject of some recent legal action taken by CAI in hopes of preventing this Act from impacting over 300,000 associations across the United States from being adversely impacted as of January 1, 2025. The most recent actions taken by the US District Court for the Eastern District of Texas in the matter [...]
UPDATE: Corporate Transparency Act – Preliminary Injunction Denial / CAI Legal Team Continues With Lawsuit
The Corporate Transparency Act has been the subject of some recent legal action taken by CAI in hopes of preventing this Act from impacting over 300,000 associations across the United States from being adversely impacted as of January 1, 2025. To learn more about what work is being done by CAI regarding the Corporate Transparency Act, please click on [...]
CAI Heartland Chapter Presents Insurance “SHOW ME” The Hard Market
For anyone who is a homeowner, Board member, business partner of the Heartland Chapter of CAI or works with professionals who are a part of this amazing CAI Chapter, please click on the link below to sign up and attend our upcoming webinar on the state of the current insurance market as I will be joined by Karen O'Connor Corrigan, CIRMS [...]
Rising Homeowners Premiums — The Data Behind It, By Peril and By State
In another information packed article from Carrier Management this month, please click here to read more on the statistics fueling the "why" for rising homeowner insurance rates in the United States.
Why Homeowners Insurers Are Losing Money: Roofs Matter, Not Just Rates
Sharing an article that is focused on the on-going insurance industry woes tied to roofing on individual homes and how intense convective storms, aging roofing materials, and increased material and labor costs have led to increased homeowner rates and creative deductible structures to help the insurance industry navigate this hard market. Please click here to read this article from Carrier [...]
Commercial Residential Property & AI by CAPE Analytics
The commercial insurance industry has been working with automation for some time with underwriting for small commercial lines as well as online quoting platforms developed by some insurtech firms. With the growth and inclusion of AI in almost everything we touch now, it is no surprise to see AI working behind the scenes in the insurance industry as well. [...]
Finding the Right Attorney for Your Association
Board members of homeowners associations (HOAs) and condominium associations have enough on their plates to manage right now, let alone attempt to navigate potential legal matters or contentious lawsuits on their own. To be prepared for the unknown, Board members should seek out to retain an attorney that is experienced with handling association matters BEFORE there is the immediate [...]
