Latest Condominium Headlines
All the headlines from our Condominium Topic Page, ordered by recency.
Florida’s Citizens Plans 19% Rate Hike on High-Value Coastal Condos
Nov 16 2011 // Florida residents living in high-value condominium buildings insured by the state’s government-run homeowners’ insurer could see their rates increase by 19 percent on average. Citizens Property Insurance Corp.,...
Chubb Unveils Package Insurance Policy for Apartment, Co-op, Condo Risks
Jun 21 2011 // A new commercial multi-peril package policy from the Chubb Group of Insurance Cos. will provide apartment building owners and co-op and condominium associations with a package of property, casualty, workers compensation,...
Condo Owners File Suit over Fees at Chartis-Owned Ski Resort
May 16 2011 // When he signed to buy a condo at Vermont’s Stowe Mountain Resort, Patrick Sullivan was told his share of fees charged by the resort developer for hotel-type services would be about $410 a year, not the roughly $8,000...
Lightning Possible Cause of Fire at New York Condos
Apr 21 2011 // Authorities are trying to determine if a lightning strike from severe thunder storms sparked a fire that caused extensive damage to a suburban Buffalo condominium complex. WGRZ-TV reports that firefighters arriving on the...
Kentucky Condo Owners Await Ruling Over Shoddy Construction
Mar 15 2011 // A group of condominium owners in northern Kentucky is hoping a judge’s ruling will give them an opportunity to collect several million dollars from a defunct construction company they say did shoddy work on their...
Florida Approves Citizens Rate Hikes for Condos, Rentals, Commercial
Oct 12 2010 // Florida Insurance Commissioner Kevin McCarty has approved additional rate increases for state-backed Citizens Property Insurance Corp. The latest round affects condominium associations, commercial buildings, rental...
Propane Leak Blamed for Fatal Blast at Massachusetts Condo
Aug 6 2010 // Fire investigators say a propane leak from a basement heating unit was the cause of a deadly explosion at a condominium under construction in Massachusetts. State Fire Marshal Stephen Coan said that damage to the heating...
Tornado Damages 18 Condos in Western New York
Jul 26 2010 // A tornado tore through western New York on Saturday, ripping the roof off a condominium and damaging 17 others and causing widespread power outages. The National Weather Service said the twister touched down in Mayville in...
Miami Condo Association Sues QBE Insurance Over Hurricane Claims
Nov 25 2009 // A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane...
Crist Veto of Condo ‘Glitch’ Bill a Letdown for Unit Owners, Agents
Jun 15 2009 // Critics Say Florida Governor Let Fire Sprinkler Deadline Provision Overshadow Other Benefits Florida Gov. Charlie Crist’s veto of a condo insurance bill has disappointed condo unit owners and insurance agents who...
Crist Veto of Condo Insurance Bill Disappoints Unit Owners, Agents
Jun 8 2009 // Florida Gov. Charlie Crist’s veto of a condo insurance bill has disappointed condo unit owners and insurance agents who must comply with what they say is a costly and confusing existing law that would have been...
Maine Condo Groups Seek Relief for Unpaid Fees
Apr 7 2009 // With more condominium owners defaulting on their mortgages, condo associations in Maine are seeking relief. When condos are foreclosed upon and their owners leave, the other condo owners are left to pick up the tab for...
Worker Dies after Falling from Pittsburgh Condo
Dec 29 2008 // A construction worker is dead after falling about 50 feet while working at a Pittsburgh condominium construction site. Authorities say 40-year-old Scott Oswald died at Allegheny General Hospital less than an hour after...
Heritage General Agency Offers New HOA Product for Up to Four Unit Condos
Sep 11 2008 // Los Angeles-based Heritage General Agency’s has a new HOA product for up to four units for small condominium associations. The non-admitted carrier is offering this as a package; however, it can be written on a stand...
The Complete Condo Package, Part 2
Sep 1 2008 // How to Fit the Right Pieces Together for an Association or Unit Owners’ Coverage Picture Piecing condominium association and unit-owner insurance programs together necessitate determination and complete information....
The Complete Condo Package, Part 1
Aug 4 2008 // Fitting the Pieces Together for a Comprehensive Association or Unit Owners’ Coverage Picture Completing the condominium insurance picture necessitates jigsaw puzzle tenacity. Quite a few pieces must be snapped...
Maryland Court Wrong in Condo Association, Unit Owner Coverage Ruling
Jul 7 2008 // How the Court Overstepped its Bounds and Affected Current Policies and Future Claims A firestorm of confusion and comment was created by a recent Insurance Journal report detailing a recent Maryland Court of Appeals ruling...
Condo Insurance Requirements Not Cookie-Cutter
Jun 30 2008 // “Given the great interdependence of the unit owners in the stacked unit condominium situation, mandating property insurance for the entire building is the preferable approach.” This one explanatory sentence...
ICW Offers DIC Program for Condo & Homeowner’s Associations
Jun 25 2008 // San Diego-based ICW Group, a group of insurers, announced a new program homeowner’s associations and multi-family condos that provides expanded coverage for buildings of wood frame construction built after 1975. The...
Maryland Court Wrong in Condo Ruling
Jun 20 2008 // A firestorm of confusion and comment was created by a June 3, 2008, InsuranceJournal.com exclusive report detailing a recent Maryland Court of Appeals ruling regarding a condominium associations’ requirement to pay...
