FAIR Plan increases Commercial Property Limits

Posted on: April 7th, 2025 by Leaders' Choice Staff No Comments

With more and more California businesses being forced to go to the California FAIR Plan for their coverage, the market of last resort has moved to increase its commercial property coverage limits significantly. This should bring a semblance of relief to companies located in wildfire-prone areas, who have seen their commercial property insurance non-renewed and […]

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Treasury Dept Suspends Beneficial Ownership Reporting Rule

Posted on: April 1st, 2025 by Leaders' Choice Staff No Comments

The U.S. Treasury Department has announced that it will not enforce a law requiring most businesses with fewer than 20 employees and less than $5 million in annual revenue to report ownership and control information to the federal government every year. The Corporate Transparency Act required firms to file this information by Jan. 1, 2025, […]

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