Harvest Real Estate Law

California’s Insurance Wildfire Crisis: A Turning Point for Insurers and Property Owners

With wildfire losses in Southern California now topping $53 billion, the ripple effects across the state’s already fragile insurance industry are undeniable. Property insurance premiums are expected to rise significantly across all of California, with availability options and challenges likely …

Read Article from California’s Insurance Wildfire Crisis: A Turning Point for Insurers and Property Owners

FinCEN Issues Interim Final Rule Removing BOI Reporting Requirements for U.S. Entities, Redefining “Reporting Company”

On March 21, 2025, FinCEN issued an interim final rule exempting companies formed in the United States and U.S. persons from the Beneficial Ownership Information (BOI) reporting requirements required by the Corporate Transparency Act (CTA). The interim final rule also …

Read Article from FinCEN Issues Interim Final Rule Removing BOI Reporting Requirements for U.S. Entities, Redefining “Reporting Company”

FinCEN Announces Suspension of Fines and Penalties for Failure to File BOI Reports, Anticipates Future Reporting Deadlines

On February 27, 2025, FinCEN announced that it will not issue fines or penalties or take other enforcement actions for failure to file or update Beneficial Ownership Information (BOI) reports by the current deadlines of the Corporate Transparency Act (CTA). …

Read Article from FinCEN Announces Suspension of Fines and Penalties for Failure to File BOI Reports, Anticipates Future Reporting Deadlines