Post-Storm Recovery: Key Steps for Condominium Association Boards and Managers After Major Storm Loss
Severe storms, like those that recently impacted the St. Louis area on May 16, 2025, can cause widespread damage and disruption for condominium associations. In the aftermath of such events, it is critical for association boards to act swiftly and strategically to protect residents, property, and finances. Attached through the weblink below is a step-by-step guide for condominium association [...]
CAI Article (4/9/25) – New Guidance Helps Navigate Fannie Mae and Freddie Mac Lending Eligibility
Please see the article below from Dawn Bauman, CAE of CAI on new lending guidance for anyone living in a community association -- especially in condominium associations. At the 2025 Law Seminar in January, Dawn spoke in front of a large group of insurance professionals to let them know that CAI was working with the current administration in D.C. toward [...]
Insurance Trends – Contractors and The Community Association Commercial General Liability Policy
Managing insurance renewals for community associations has been challenging enough over the past several years for community association managers and their Board members. Now associations are facing challenges involving their commercial general liability policies, particularly in regards to the language found in the contracts being presented from contractors for service to be rendered for a community association. Please take [...]
CAI – Missouri Legislative Action Committee (MOLAC) Updates
The legislative action committee for the CAI Heartland Chapter has been very busy the past few years as the members of this committee have been working very closely with an experienced State lobbyist, Steven R. Carroll, to work toward preventing legislation that would adversely impact community associations from becoming law in the State of Missouri, supporting legislation that helps [...]
UPDATE (3/21/25): Corporate Transparency Act – Suspended for Domestic Reporting Companies
March 21, 2025 UPDATE: The latest development for the Corporate Transparency Act (CTA) is that on March 21, 2025 Financial Crimes and Enforcement Network (FinCEN) made an interim ruling that removed the requirement for U.S. corporations and U.S. person to report Beneficial Ownership Information (BOI) to FinCEN under the CTA. You can read the entire article from CAI National HERE. A [...]
UPDATE (3/2/25): Corporate Transparency Act – FinCEN and U.S. Dept Treasury Updates IN FAVOR of HOAs!
March 2, 2025 UPDATE: As this case against the CTA has been on a roller coaster ride in 2025, I am including a link to the latest updates from CAI that can be read HERE as well as the March 2, 2025 statement made by the U.S. Treasury that can be read HERE. This update was in an email notice [...]
Carrier Management: Rebuilding Costs Rose More Than 60% in the Last Decade According to Verisk
According to a recent article posted online (2/14/25) by Carrier Management, residential and commercial construction costs saw dramatic increases over the past ten years (2014 to 2024) according to research done by Trich Hopkinson, the head of 360Value at Verisk. Residential constructions costs increased 63.7 percent during this time frame while commercial construction costs rose at a similar pace [...]
UPDATE (2/19/25): Corporate Transparency Act – Filing Deadline Reinstated…Again
UPDATE: As this case has gone back and forth like a ping pong ball, I am including a link to the latest update from CAI can be read HERE. Hopefully there will be additional clarification on this legislation as well as more activity related to the lawsuit filed against the CTA. Some additional reading on the activity related to the CTA [...]
It’s a Wrap for the 2025 CAI Law Seminar in San Antonio, TX
The 2025 CAI Law Seminar at the San Antonio Marriott Rivercenter concluded last Saturday and it was a well-attended, successful event for all the attorneys and insurance professionals who attended to continue with their on-going education and involvement with legal and insurance matters impacting community associations. Several members of the Heartland Chapter of CAI were in attendance with me [...]
UPDATE (1/24/25): Corporate Transparency Act – Filing Deadline PAUSED
UPDATE: As this case has gone back and forth like a ping pong ball (latest update from CAI can be read HERE), I am holding off on any other detailed updates until there is more to report on the status of the CTA and its application to associations in the United States, as well as any updates on the lawsuit [...]
