Latest Condominium Headlines

All the headlines from our Condominium Topic Page, ordered by recency.

Emerald Bay Launches Co-Op and Condo Casualty Program with Vanderbilt Properties

Nov 15 2024 // Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate...

Update: What’s Going on With Condos?

Oct 21 2024 // The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership...

Unlicensed Work Does Not Void Contract With Condos, Florida Appeals Court Says

Oct 9 2024 // Being unlicensed as a contractor in Florida does not necessarily void a storm-remediation contract, a Florida appeals court said in a decision that could affect insurance defense strategy in hurricane claims.“This...

Miami Condo President Charged With Skimming $1.5 Million in Association Fees

Oct 3 2024 // The long-time president and engineer of an upscale Miami-area condominium remained in jail late Wednesday after he was charged with stealing $1.5 million in association fees over the last seven years.It’s the second...

Completion of Federal Probe Into Surfside Condo Collapse Delayed Until 2026

Sep 20 2024 // A long-awaited federal report on the causes of the Champlain Towers South condominium collapse, which killed 98 people in 2021 and upended Florida condo regulations and market, will have to wait at least another...

Florida Governor Floats Condo Relief Session; Condo Captive Idea Flagging

Sep 10 2024 // Florida Gov. Ron DeSantis urged lawmakers to weigh ideas on providing condominium owners with relief ahead of a Jan. 1 deadline that requires condo buildings to be inspected and repaired in the wake of the Surfside condo...

Trump Pitches $3 Billion in Condos at Miami-Area Golf Course

Aug 20 2024 // Donald Trump wants to sell more high-end condos in the US, this time using a famously difficult Florida golf course as a draw.The former president’s family business is seeking to build residences and retail inside...

Condos: A Difficult Market to Navigate

Aug 5 2024 // The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership...

Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos

Jul 29 2024 // Allstate’s Florida subsidiaries are continuing to nonrenew thousands of condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state.The Palm Beach...

High Condo Premiums a Top Issue in Hawaii Legislative Races

Jul 17 2024 // Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. Then came the letter from her condo association announcing a 300% increase in...

Exclusion Does Not Exclude Coverage for Condo in Nashville Christmas Bombing

Jun 21 2024 // The insurance fallout from the Christmas Day 2020 bombing in downtown Nashville continues, with a federal court deciding this week that Aspen Specialty Insurance must cover millions in replacement costs for a heavily...

Florida Governor Signs Wind-Mitigation Funding Bills for Homes, Condos

Apr 29 2024 // Florida’s governor has signed two bills that will provide more matching grants for homeowners and condominium associations to fortify properties against the growing threat of windstorms.Senate Bill 7028 will send an...

3 Things to Know About Condo Association Boards

Apr 1 2024 // The condo association takes on a special level of responsibility because of the unique form of ownership that is the condominium. To make sure we are all on the same footing, a condominium is a form of ownership where a...

Creditors Want Court to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay His Debts

Apr 1 2024 // Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a...

Creditors Move to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay Debts

Mar 18 2024 // Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a...

Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth

Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...

Florida Condo Sales and Prices Fall Due to Insurance, Association Costs, Redfin Says

Mar 18 2024 // Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a...

Florida Condo Mitigation Bill Passes but Other Insurance Bills Uncertain After Changes

Mar 7 2024 // A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills may have hit a snag after last-minute changes – with just two days left in the legislative...

Florida Condo Sales, Prices Have Fallen Thanks to Insurance, HOA Costs, Redfin Says

Feb 28 2024 // Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a...

Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth

Feb 22 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...