A judge on Thursday gave final approval to a $1 billion settlement for victims of the collapse of a Florida beachfront condominium building that killed 98 people, one of the deadliest building failures in U.S. history. Miami-Dade Circuit Judge Michael Hanzman’s decision came a day before the one-year anniversary of the Champlain Towers South disaster… Continue reading Judge Approves $1B+ Deal in Florida Surfside Condo Collapse
Tag: Miami condo collapse
Judge in Surfside Collapse Lawsuit Agrees to Pay Condo Owners More for Property Loss
The judge overseeing the class-action lawsuit for the Surfside condo collapse said Tuesday he would increase the payout for condo owners whose homes were destroyed last summer. Miami-Dade Circuit Judge Michael Hanzman gave preliminary approval to pay the 136-unit owners of Champlain Towers South a total of $96 million, which he said was the appraised… Continue reading Judge in Surfside Collapse Lawsuit Agrees to Pay Condo Owners More for Property Loss
Survivors of Surfside Condo Collapse Seek More Settlement Money
Iliana Monteagudo, who escaped the Champlain Towers South moments before it collapsed last summer, says she has been trying to rebuild her life at the age of 65, with no savings and lingering anxiety from the Surfside disaster. She expects to receive approximately $610,000 from an initial settlement reached in March by the 136 condo… Continue reading Survivors of Surfside Condo Collapse Seek More Settlement Money
Surfside Condo Collapse Victims Reach $997 Million Settlement
Families of those killed in last year’s collapse of the Champlain Towers South condominium in Surfside, Fla., have reached a $997 million settlement to compensate them for their tragic losses. The settlement, which was announced at a court hearing on Wednesday and is still subject to final approval, includes insurance companies, developers of an adjacent… Continue reading Surfside Condo Collapse Victims Reach $997 Million Settlement
Judge: Legal Costs in Surfside Condo Collapse May Reach $100M
A judge said Friday that the legal fees and costs associated with the deadly collapse of a Florida beachfront condominium building could reach $100 million. That’s why Miami-Dade Circuit Judge Michael Hanzman urged all sides to work toward mediated settlements of numerous claims arising from the Champlain Towers South disaster. “Put forth a Herculean effort… Continue reading Judge: Legal Costs in Surfside Condo Collapse May Reach $100M
Florida Condo Collapse Lawsuits Set for March 2023 Trial
A major lawsuit filed in connection with the collapse of a Florida beachfront condominium building that killed 98 people will go to trial in March 2023, a judge announced Wednesday. That’s about six months later than Miami-Dade Circuit Judge Michael Hanzman had planned, but lawyers in the complex and unusual case said experts need more… Continue reading Florida Condo Collapse Lawsuits Set for March 2023 Trial
Champlain Towers South’s Deterioration Over Decades Led to One of the Deadliest Building Failures in U.S. History
Abraham Topp and his brother moved into the Champlain Towers South condo where their parents had lived happily for two decades on an idyllic stretch of beach in 2017—and quickly discovered signs of trouble. Mr. Topp stated that water had consistently leaked into the underground garage beneath the pool deck. Workers removed pavers from the… Continue reading Champlain Towers South’s Deterioration Over Decades Led to One of the Deadliest Building Failures in U.S. History
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
Insurers Are Making Demands of 40-Year-Old Buildings after Surfside Condo Collapse
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
‘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