Latest Condominium Headlines
All the headlines from our Condominium Topic Page, ordered by recency.
High Condo Premiums a Top Issue in Hawaii Legislative Races
Jul 17 2024 // Jillian Anderson was planning to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. Then came the letter from her condo association announcing a 300% increase in...
Exclusion Does Not Exclude Coverage for Condo in Nashville Christmas Bombing
Jun 21 2024 // The insurance fallout from the Christmas Day 2020 bombing in downtown Nashville continues, with a federal court deciding this week that Aspen Specialty Insurance must cover millions in replacement costs for a heavily...
Florida Governor Signs Wind-Mitigation Funding Bills for Homes, Condos
Apr 29 2024 // Florida’s governor has signed two bills that will provide more matching grants for homeowners and condominium associations to fortify properties against the growing threat of windstorms. Senate Bill 7028 will send an...
3 Things to Know About Condo Association Boards
Apr 1 2024 // The condo association takes on a special level of responsibility because of the unique form of ownership that is the condominium. To make sure we are all on the same footing, a condominium is a form of ownership where a...
Creditors Want Court to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay His Debts
Apr 1 2024 // Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a...
Creditors Move to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay Debts
Mar 18 2024 // Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a...
Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth
Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
Florida Condo Sales and Prices Fall Due to Insurance, Association Costs, Redfin Says
Mar 18 2024 // Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a...
Florida Condo Mitigation Bill Passes but Other Insurance Bills Uncertain After Changes
Mar 7 2024 // A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills may have hit a snag after last-minute changes – with just two days left in the legislative...
Florida Condo Sales, Prices Have Fallen Thanks to Insurance, HOA Costs, Redfin Says
Feb 28 2024 // Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a...
Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth
Feb 22 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
Castle Key’s 54% Condo Rate Hike Gets Hearing, Showing New Pressures in Florida
Feb 13 2024 // The Florida Office of Insurance Regulation next week will hold hearings on two property insurers’ requests for 54% average rate increases, one of which has already affected more than 105,000 condominium unit...
‘My Safe Florida Condo,’ Pet Insurance Bills Passed by Senate Committee
Feb 7 2024 // First came the My Safe Florida Home program, providing matching grants to homeowners who fortify their homes against wind damage in exchange for premium discounts. Seeing the popularity and effectiveness of that program,...
Gallagher Targets Florida Condo Market with Acquisition of John Galt Agency
Feb 6 2024 // Arthur J. Gallagher & Co. has acquired Fort Lauderdale-based John Galt Insurance Agency, expanding Gallagher’s presence in the beleaguered condominium and association market in Florida, the global insurance...
Florida Condos Say They Can’t Get Coverage. House Bill Would Let Citizens Step In
Jan 24 2024 // When a Florida Senate committee last week approved a bill that would raise the policy limit on homes that can be written by the state-backed Citizens Property Insurance Corp., state Sen. Doug Broxson said the change was...
Florida Trial Lawyer State Rep Offers Condo ACV Bill as a Solution to Costs
Dec 12 2023 // A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep....
Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse
Dec 1 2023 // (Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in...
HCI Execs to Launch Condo Insurance Exchange in Florida After OIR Approval
Nov 27 2023 // Executives at Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap Insurance companies, are having a busy fourth quarter. Just a day after HCI announced that Homeowners Choice had successfully...
Georgia Condo Association Leaders Charged with Taking Insurance Proceeds After Fire
Nov 6 2023 // Police in South Fulton, Georgia, have charged the president and treasurer of a large condominium association with stealing more than $1.5 million in insurance payouts after two fires in 2020 destroyed a building. Multiple...
Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Insurance Fees
Aug 21 2023 // Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an association meeting called to discuss higher fees due to spiking insurance...
