Condominium News
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Understanding the Risks and Coverages in Condo Association D&O
Apr 7 2025 // Directors and officers (D&O) coverage is critical for any organization that is governed by a board of directors. It provides coverage for those decisions that the board makes in good faith for the benefit of the...
Miami Insurance Broker Sentenced to 3.5 Years in Condo Premium Finance Scheme
Mar 27 2025 // A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’...
Florida Bill Barring Citizens Coverage for Noncompliant Condos Passes Committee
Mar 13 2025 // A Florida House bill that would bar Citizens Property Insurance Corp. from writing condominium properties that haven’t complied with inspection deadlines passed its first hurdle this week. But the measure has been...
Engineers Assessing Risk After Condo in Charleston, SC, Ordered Evacuated
Mar 6 2025 // Multiple condominium buildings in Florida have been evacuated since the deadly 2021 collapse in Surfside. Now, residents of a Charleston, South Carolina, structure have been forced out, with city officials citing...
Dubai Developer Plans Luxury Condo Project on Site of 2021 Surfside Collapse
Jan 31 2025 // SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where a building collapsed in 2021, killing 98 people. DAMAC International said Tuesday that it...
Florida Condo Sales Reach 10-Year Low as Median Price Dips, Report Shows
Jan 28 2025 // Florida condominium sales last year reached their lowest point in almost a decade, according to a Florida Realtors report. It’s another measure of the financial crisis that has gripped condo owners and associations...
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