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 [...]

  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 [...]

  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:  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 [...]

  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:  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 [...]

  As we are seeing the snow melting all around us in St Louis, I started to think about how much water can impact anyone who lives in a large multi-family or condominium association.  We have all experienced a water loss event at some point in our lives, and today I am sharing a useful tool from our very own [...]

  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. [...]

  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 [...]

  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 [...]