Latest Condominium Headlines
All the headlines from our Condominium Topic Page, ordered by recency.
Alabama Condo Complex Earns IBHS’ First-Ever Hurricane Gold Designation
Dec 3 2018 // Local developers in coastal Alabama that utilized Insurance Institute for Business & Home Safety’s (IBHS) FORTIFIED Commercial construction standards in the design of a coastal condominium complex have earned the...
At Least 30 Injured When Floor Collapses at South Carolina Condo Clubhouse
Oct 23 2018 // The floor of a condominium clubhouse near Clemson University collapsed during a large private party early Sunday, hurtling dozens of people into the basement, authorities said. About 30 people were taken to local hospitals...
Finding the Missing Pieces in the Condo Insurance Coverage Puzzle
Aug 28 2018 // Have you ever watched someone try to finish a jigsaw puzzle with pieces missing? There are still a few hundred pieces to place, but there is one open space in the middle of a grove of trees that beckons to be filled. The...
The Condo Coverage Puzzle
Aug 6 2018 // Have you ever watched someone try to finish a jigsaw puzzle with pieces missing? There are still a few hundred pieces to place, but there is one open space in the middle of a grove of trees that beckons to be filled. The...
Blaze at Chicago-Area Condo Complex Displaces Hundreds
Jul 20 2018 // Fire has left homeless hundreds of residents of a suburban Chicago condominium complex. About 150 firefighters from 50 departments near Prospect Heights battled the fire, which Prospect Heights Fire Chief Drew Smith said...
Cigarette Ignites Large Fire at Florida Condo Complex, 10 Units Destroyed
May 31 2018 // A large fire at a Florida condominium complex has destroyed at least 10 units. The Martin County sheriff’s office says a section of the Cedar Pointe Villages complex in Stuart was engulfed by flames on Monday night....
Anbang’s Plans for Waldorf Astoria Call for Fewer Luxury Condos
Mar 21 2018 // It’s official: Anbang Insurance Group Co. has filed a plan for the luxury condos it’s developing at Manhattan’s Waldorf Astoria, and it calls for fewer apartments than the company initially aimed for. The...
Velocity Risk Underwriters Adds Condominium Coverage to Florida Products
Nov 14 2017 // Velocity Risk Underwriters has expanded its Florida products to include HO-6 (condominium) for primary, secondary, seasonal, long-term rental, and short term rentals (minimum two days). Velocity offers an A.M. Best...
New York’s ‘Sixth Borough’ with Trophy Condos in Hurricane Irma’s Path
Sep 8 2017 // Beyond the bar and the palm-fringed pool, past the gold-leafed columns and floor-to-ceiling murals, workers at the grand Faena Hotel Miami Beach prepared for Hurricane Irma’s fury. Their unusual assignment: fortify...
Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally
Jun 15 2017 // The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group...
Fire Causes About $800K in Damage to Condo Buildings at Maine Ski Resort
Feb 10 2017 // Maine fire officials say two condominium buildings were destroyed by fire at Saddleback Mountain. Rangeley Fire Rescue Chief Tim Pellerin says two others were saved, and no injuries were reported during the Tuesday evening...
Residents Forced Out of Virginia Condo Complex After Building Sinks
Oct 5 2016 // Several dozen people still cannot return to their Alexandria, Va., homes over fears that their condominium building could collapse. The building, part of River Towers Condominiums, was evacuated Sunday afternoon after...
New Jersey Condo Complex Fire Damages More Than Half of Units
Sep 14 2016 // Authorities say no injuries were reported when a fast-moving fire damaged about a dozen units at a Bernards, N.J., condominium complex. Authorities say it started in a rear unit and isn’t considered suspicious. The...
Condominiums and the Problems They Cause
Aug 8 2016 // Condominiums present a unique problem for insurance agents and underwriters. Two separate persons (one a legal person and the other a natural person) may “split” the ownership of contiguous property. Regardless...
New Owner Anbang Insurance to Convert Most Waldorf Astoria Rooms into Condos
Jun 28 2016 // New York’s landmark Waldorf Astoria hotel is scheduled to close in spring 2017 so owner Anbang Insurance Group Co. can begin converting most of the more than 1,400 rooms to luxury condominiums, said a person with...
Flawed Flood Maps Hurting Condo Sales in Maryland City
Jun 20 2016 // Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months. The Daily...
Flawed Flood Maps Hurting Condo Sales in Ocean City, Maryland
Jun 9 2016 // Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months. The Daily...
NFS Edge Launches Flood Coverage Option for Condo Associations
Dec 16 2015 // NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association...
Florida’s Citizens Expanding Clearinghouse to Condo Unit Policies
Nov 20 2015 // Starting in December, Citizens will expand its Property Insurance Clearinghouse to condominium unit owners, many of whom will now have immediate access to multiple private alternatives, the company said in its November...
How to Write Coverage for Condominium Associations and Individual Unit Owners
Nov 16 2015 // Completing the condominium insurance picture necessitates “jigsaw puzzle” tenacity. Quite a few pieces must be snapped together to assure the proper insurance picture is presented; any missing information can...
