A startling discovery awaited an engineer who drilled into the ground-level concrete slab at Champlain Towers South last year. He could find no waterproofing in two separate sections, the engineer wrote in a letter to the condominium board. Without that essential layer for a high rise facing the punishing Atlantic Ocean, rainwater and salty sea… Continue reading Rampant Corner-Cutting Found in Collapsed Florida Building
Tag: condo insurance non-renewable
Collapse Raises New Fears About Florida’s Shaky Insurance Market
Steve Rosenthal escaped with his life when his condo building in Florida crumbled and left him homeless last month, but he still owes more than $100,000 on his mortgage. Mr. Rosenthal, a 72-year-old restaurant advertising executive, soon received two small insurance checks for living expenses and personal property, but he was still waiting for his… Continue reading Collapse Raises New Fears About Florida’s Shaky Insurance Market