Latest Condominium Headlines

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

New York’s ‘Sixth Borough’ with Trophy Condos in Hurricane Irma’s Path

Sep 8 2017 // Beyond the bar and the palm-fringed pool, past the gold-leafed columns and floor-to-ceiling murals, workers at the grand Faena Hotel Miami Beach prepared for Hurricane Irma’s fury.Their unusual assignment: fortify...

Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally

Jun 15 2017 // The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group...

Fire Causes About $800K in Damage to Condo Buildings at Maine Ski Resort

Feb 10 2017 // Maine fire officials say two condominium buildings were destroyed by fire at Saddleback Mountain. Rangeley Fire Rescue Chief Tim Pellerin says two others were saved, and no injuries were reported during the Tuesday evening...

Residents Forced Out of Virginia Condo Complex After Building Sinks

Oct 5 2016 // Several dozen people still cannot return to their Alexandria, Va., homes over fears that their condominium building could collapse. The building, part of River Towers Condominiums, was evacuated Sunday afternoon after...

New Jersey Condo Complex Fire Damages More Than Half of Units

Sep 14 2016 // Authorities say no injuries were reported when a fast-moving fire damaged about a dozen units at a Bernards, N.J., condominium complex. Authorities say it started in a rear unit and isn’t considered suspicious. The...

Condominiums and the Problems They Cause

Aug 8 2016 // Condominiums present a unique problem for insurance agents and underwriters. Two separate persons (one a legal person and the other a natural person) may “split” the ownership of contiguous property. Regardless...

New Owner Anbang Insurance to Convert Most Waldorf Astoria Rooms into Condos

Jun 28 2016 // New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with...

Flawed Flood Maps Hurting Condo Sales in Maryland City

Jun 20 2016 // Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months.The Daily...

Flawed Flood Maps Hurting Condo Sales in Ocean City, Maryland

Jun 9 2016 // Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months.The Daily...

NFS Edge Launches Flood Coverage Option for Condo Associations

Dec 16 2015 // NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association...

Florida’s Citizens Expanding Clearinghouse to Condo Unit Policies

Nov 20 2015 // Starting in December, Citizens will expand its Property Insurance Clearinghouse to condominium unit owners, many of whom will now have immediate access to multiple private alternatives, the company said in its November...

How to Write Coverage for Condominium Associations and Individual Unit Owners

Nov 16 2015 // Completing the condominium insurance picture necessitates “jigsaw puzzle” tenacity. Quite a few pieces must be snapped together to assure the proper insurance picture is presented; any missing information can...

10 Things to Know About Condominiums

Aug 3 2015 // The condominium association owns and insures the outside structure of the condominium building. The condominium master policy agreement (bylaws) stipulates what part of the structure is owned and insured by the association...

New Mexico Jury Awards $12M Against Condo Association for Shooting Death

Apr 6 2015 // The family of a man killed in an Albuquerque, N.M.-area housing complex by a stray bullet that went through his door has won a $12 million judgment against a condominium association and a property management firm. A jury...

Colorado Senate Passes Condo Builder Liability Measure

Mar 20 2015 // A bill to make it harder to sue condominium builders has cleared its first hurdle in the Colorado Legislature.The measure would make it harder to sue builders of single and multifamily homes for defective construction. It...

New Mexico Jury Awards $12M Against Condo Association For Shooting Death

Mar 20 2015 // The family of a man killed in an Albuquerque, N.M.-area housing complex by a stray bullet that went through his door has won a $12 million judgment against a condominium association and a property management firm. KRQE-TV...

North Carolina Authorities Investigating Fires at Beach Condos

Dec 8 2014 // Authorities said two condominiums units and a car have been set on fire in suspicious blazes in Carolina Beach.New Hanover County District Attorney Ben David told local media outlets that crews are still checking to make...

Understanding Condo Association & Unit Valuation

Nov 3 2014 // Quite a few pieces must be in place to ensure no coverage gaps exist in either the condominium association’s or unit owner’s coverage picture.Three questions must be considered by the agent writing the...

Opportunities Abound in High-Value Home, Condo Segment

Aug 4 2014 // The high-value homeowners and luxury condo markets have become competitive arenas to play in, with several new programs and companies in the past few years. But experts say agents and brokers shouldn’t be deterred by...

BB&T in Florida Promotes Condo-Specialist Littlestone

Jun 2 2014 // Florida’s BB&T Insurance Services has promoted Gino Littlestone to senior vice president in BB&T-Oswald Trippe and Co.’s commercial lines division specializing in condominiums. Gino...