Tricky Tax Issues You Have an Extra Day to File Federal Tax Returns If a client of mine wants to file for bankruptcy, for the purpose of discharging income tax debt, I will wait as long as I can to be sure the three year rule is satisfied. I will make sure there are no...
Last week, a notice was sent to all California insurance companies in reminder of Prop 103. The notice was a reminder of Proposition 103 the requirement that all insurance companies must gain approval from the California Department of Insurance before carrying out their property and casualty rates to policyholders. Prop 103 Prop 103 notes that...
OC Insurance Agent Arrested After Scheming the Elderly Over $1.6 Million On March 12th, 2018, 55-yr old Mark Malatesta was arrested under 16 counts of felony. All charges were in correlation with a $1.6 million-dollar fraudulent scheme that attacked many of our elders in Southern California. Charges Malatesta has faced seven counts of insurance fraud,...
California Regulator Pushes Cease and Desist Order to Stop Access Insurance Business Operations from Hurting Policyholders On March 7th, 2018, California Insurance Commissioner Dave Jones issued a formal “Cease & Desist” order against Access Insurance Company. The order serves as a cautionary notice that details the sender’s complaint of alleged wrongdoing and threatening legal action...
Self-Driving Cars Back in the day, self-driving cars were seen as something of the future. They were almost like a part of a science fiction story. However, as 2018 emerges, many driver-free cars are becoming a real part of our very near future. With these cars in the works at various locations and companies, the...
Dave Jones Issues Formal Notice to Insurers for Mudslide Coverage to Survivors In a recent press release by the California Department of Insurance, Insurance Commissioner Daves Jones issued a formal notice to insurers to encourage coverage for victims of the recent Santa Barbara/Montecito Mudslide. With that being said, survivors of the recent mudslide are strongly...
The recent environmental problems of wildfires and long-term rains in California have had a severe impact on the Montecito and Santa Barbara County region. These sudden catalytic events were following a trauma that has been termed the “Montecito Mudslide”. Tons of mud was dislodged during the landslide that picked up countless remnants of property as...
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