All the headlines from our Condominium Topic Page, ordered by recency.
Jan 30 2023 // At least one of Allstate Insurance group’s Florida subsidiaries plans to non-renew 33,000 Florida condominium policies, starting in June.In a notice sent to Florida agents this month, Allstate said its Castle Key...
Dec 19 2022 // Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors.Founded in 1996, Statewide...
Nov 21 2022 // A fiery explosion that injured more than a dozen people at a Maryland condominium building was ignited by a resident who intended to kill himself and died in the blast, police said.Authorities found the 36-year-old...
Oct 28 2022 // A 14-story condominium building in Miami Beach, less than two miles from the collapsed Champlain Towers South, has been ordered evacuated after engineers found expanding cracks in a main support beam.The Miami Herald...
Sep 1 2022 // Lawyers who secured a $1.1 billion settlement in the deadly collapse last year of a beachfront Florida condominium building were awarded more than $70 million in fees Monday by a judge.The total was less than the...
Aug 1 2022 // The insurance market for condos has always had its challenges with limited appetite in the marketplace to begin with but the post-COVID environment has been especially challenging, according to Brian Davidian, executive...
Jun 15 2022 // Attorneys who worked to secure settlements topping $1 billion in the collapse of a beachfront Florida condominium building in which 98 people died are requesting about $100 million in fees and costs, according to a new...
Jun 1 2022 // A 23-year-old construction worker fell to her death from a 13th-floor balcony of a condominium complex in West Palm Beach, police said.Delores Yamileth Martinez-Ponce worked for a flooring company and was installing...
May 27 2022 // Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ago when the bills were...
May 26 2022 // By Wednesday morning, it was all over except for the speeches.The five-day special session on the insurance crisis turned into just three days, and without seeing adoption of a single significant modification to two bills...
May 25 2022 // After addressing Florida’s insurance crisis, lawmakers on Tuesday quickly approved another piece of legislation they did not get to during the regular session in March – a revamp of condominium laws that would...
May 12 2022 // Families of the 98 victims of the 2021 condominium collapse near Miami Beach, along with injured survivors, could split hundreds of millions of dollars in payouts under a preliminary settlement agreement announced...
Apr 13 2022 // A month after Florida lawmakers failed to require more frequent and more thorough inspections of aging condominium buildings, Miami-Dade County officials have drafted their own reforms.But a few engineers said the proposed...
Apr 5 2022 // Dozens of residents of a five-story condominium in North Miami Beach were ordered to evacuate the building Monday after engineers found that concrete slabs had sagged beyond the amount was considered safe, and the condo...
Apr 1 2022 // People who owned units in a Florida oceanfront condominium building that collapsed last year will divide $83 million for property losses, with the compensation for families over the 98 deaths still to be determined, a...
Mar 14 2022 // The death knell sounded for the 2022 Florida Legislative session Friday with no major property insurance reform bills passed. But the ghosts of rising premiums and failing insurers will continue to haunt the state, and...
Feb 24 2022 // Insurers for an engineering firm overseeing major repairs at the collapsed Surfside condominium and for a law firm that advised the condo association have agreed to settle a lawsuit brought by survivors and families of the...
Feb 24 2022 // A Florida Senate committee wasted little time Wednesday in approving a bill that would require more frequent inspections of condominiums statewide – one of the first pieces of legislation to come out of the rubble of the...
Feb 22 2022 // Just as some insurers have tightened requirements for underwriting high-rise condominiums in the wake of the Champlain Towers collapse in Miami Beach last year, now mortgage banks are starkly revising lending rules.The...
Feb 3 2022 // The insurer for a South Florida law firm that represented the collapsed Surfside condominium – lawyers known for fighting off attempts to reform condo safety laws – has asked a judge to absolve the carrier of coverage...