Israeli insurance startup Honeycomb Insurance has raised $15.4 million in a Series A funding round led by Ibex Investors. Phoenix Insurance Company, Distributed Ventures, IT-Farm, Sure Ventures, and SiriusPoint also participated in the round. Honeycomb, formerly Agilius, was established in 2019 to reinvent real estate insurance. The MGA is targeting COAs, HOAs, building owners, property… Continue reading MultiFamily Property MGA Honeycomb Insurance Raises $15.4 Million
Tag: COA insurance
Surfside Condo Collapse Lawsuits Are a Fight Over Just $50 Million
Plaintiffs’ lawyers have filed some two dozen lawsuits following the collapse of the Champlain Towers South condo tower last month, seeking payouts for the 98 deaths and destruction of 136 apartments it caused. The lawyers say it would take $1 billion to compensate everyone fairly. But the pool of money currently available for the Miami-area… Continue reading Surfside Condo Collapse Lawsuits Are a Fight Over Just $50 Million
Insurer Plans to Make Up-Front Payment for Damages in Surfside Condo Collapse
Just hours after the collapse of a Surfside condo tower last Thursday, a Miami attorney filed a class-action lawsuit seeking millions of dollars in damages from the building’s condo association after accusing the board of failing to protect the lives and property of residents. On Monday, the insurance carrier for the Champlain Towers South condo… Continue reading Insurer Plans to Make Up-Front Payment for Damages in Surfside Condo Collapse
Local Municipalities Ramping Up Building Inspections After Surfside Condo Collapse
Local municipalities are ramping up inspections of older buildings following the collapse of the Champlain Towers South building in Surfside. Miami-Dade County Mayor Daniella Levine Cava announced Monday that she is directing the Department of Regulatory and Economic Resources to begin a 30-day audit of all residential properties five stories or higher that are 40… Continue reading Local Municipalities Ramping Up Building Inspections After Surfside Condo Collapse