Business Law

Business Law News 2020, Issue 2

BUSINESS LAW NEWS Table of Contents

Executive Committee: Message from the Chair…………………………………………………………..4

Message from the Issue Editor…………………………………………………………………………………..5

State and Federal Tax Deductions for Wildfire Losses…………………………………………………6
By Kenneth W. Minesinger, J.D. and Kenneth George, Ph.D.
The authors provide business lawyers with a summary of State and Federal tax deductions for wildfire losses. The article includes recent significant changes due to the adoption of the Tax Cut and Jobs Act (TCJA) of 2017.

Hot Off the Presses: California Further Regulates Out-of-State Adjusters in the Wake of Record-Breaking Catastrophic Losses………………………………………………………….8
By Christina Lincoln
In response to record-breaking fire losses in 2017, the California Governor signed the Insurance Adjuster Act of 2019 into law on October 3, 2019, with immediate effect, to govern the use of out-of-state adjusters to adjust claims in the event of declared emergencies.

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