The Real Deal Miami

Jury rules against Singer Island residents in $35M suit

Residents of the Tiara condominium had hoped to recover storm damage costs
November 03, 2014 01:30PM

The Tiara, a large high rise condominium complex on the beach in Riviera Beach, in 2004 and in 2014

The Tiara, a large high-rise condominium complex in Riviera Beach, from 2004 and 2014

It was 10 years ago that the residents of the Tiara condominium lost their homes following back-to-back hurricanes. And last week, they lost their final court battle to recoup millions to cover unpaid bills.

A federal jury ruled that Marsh USA doesn’t have to pay the $35 million in question — a blow to residents, who paid roughly $146,000 each in special assessments to cover hurricane damage, according to the Palm Beach Post.

Had the suit been successful, each resident would have received roughly $100,000.

“All the residents who suffered through Frances and Jeanne are bitterly disappointed,” said Eddie Kisco, a longtime member of the Tiara’s governing board. “I appreciate everything the jury did but to this day no one can convince me that we were not under-insured.” [Palm Beach Post] – Christopher Cameron