Florida lawmakers are poised to pass legislation that would stiffen inspection and funding requirements for condo buildings, a move aimed at preventing a repeat of the Surfside, Fla., tower collapse last June that left 98 people dead. The disaster was one of the deadliest building failures in U.S. history and highlighted the vulnerabilities of condo… Continue reading Florida Is Set to Pass Stricter Condo Rules After Surfside Collapse
Tag: condo association insurance
Two-Thirds of Miami Condo Buildings Are Older than 30 Years, Now Repairs Are Coming Due
Engineers say it can take just 30 years for condominium buildings to reach a point when owners can no longer delay making critical repairs. In the Miami region, two out of every three condo buildings are more than 30 years old, according to data compiled by real-estate data firm Zillow for The Wall Street Journal.… Continue reading Two-Thirds of Miami Condo Buildings Are Older than 30 Years, Now Repairs Are Coming Due
High-Rise Insurance Shakeup Coming after Surfside, Florida Insurer CEO Says
Florida’s insurer of last resort is bracing for changes in the commercial market regarding high-rise towers following the deadly condominium building collapse last month in Surfside. Citizens Property Insurance Corp. President and CEO Barry Gilway said Wednesday that the June 24 partial collapse of the 12-story Champlain Towers South is expected to result in an… Continue reading High-Rise Insurance Shakeup Coming after Surfside, Florida Insurer CEO Says
Liability from Florida Condo Collapse: Everyone Will ‘Blame Everybody Else’
The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look to find fault among the building’s management as well as engineers, architects and others, according to legal experts. Disaster struck in Surfside, Florida, on June 24 as a major repair project was beginning, although the… Continue reading Liability from Florida Condo Collapse: Everyone Will ‘Blame Everybody Else’