Within days of the partial collapse of Champlain Towers South in Surfside, insurance companies sent letters to owners of condominiums 40 years and older in South Florida, asking for proof that their buildings have passed all inspections, or they will lose their coverage. The deadly collapse of the 136-unit high rise has spooked an industry… Continue reading Insurers Are Making Demands of 40-Year-Old Buildings after Surfside Condo Collapse
Tag: community association insurance
‘Simply Not Enough.’ Surfside Condo Has $48M in Insurance Coverage, Court Hears
The first court hearing was held Thursday for a handful of initial lawsuits stemming from the Surfside condo collapse, and a Miami-Dade judge acknowledged that the building’s $48 million in total insurance coverage likely won’t be enough. “There’s going to be a very serious allocation issue between those people who tragically lost loved ones and… Continue reading ‘Simply Not Enough.’ Surfside Condo Has $48M in Insurance Coverage, Court Hears
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
Distinguished Programs Taps Mike Schleich as Regional Sales Executive
Distinguished Programs, a national insurance program manager, today announces Mike Schleich has joined the company as regional sales executive covering the North Central Territory. This region includes Indiana, Michigan, Ohio, and Kentucky, as well the city of Chicago. Schleich brings more than 25 years of industry experience and expertise to his new role. “Mike’s extensive… Continue reading Distinguished Programs Taps Mike Schleich as Regional Sales Executive