Business Law News Table of Contents

• Publication year: 2020

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.

Damages in Wildfire Litigation..............................................................................................11
By Phillip Shaverdian and Robert Wright
This article analyzes key appellate decisions impacting wildfire litigation with focus on the construction of statutory remedies. The article analyzes several issues that have vexed the appellate courts in recent times, such as: To what extent can a plaintiff in wildfire litigation recover noneconomic damages for harm to property, a multiplier for fire damage to trees, and costs for fire suppression and investigation, and to what extent do these principles apply differently to public entities?

California Enacts Solution to Fund Utility Wildfire Liabilities............................................17
By Allan Marks
Assembly Bill 1054, enacted in 2019, established a Wildfire Fund to provide liquidity for...