$1B Surfside settlement signals condo association, construction insurance premium hikes
The $1 billion-plus Surfside settlement marks a milestone in the lawsuit over the deadly condominium collapse. It also reveals...
The Latest
Condo insurers exit market and hike rates after lawmakers fail to pass safety reform
Insurers have become increasingly averse to issuing policies for aging condominiums in Florida following the state legislature’s failure to...
National Weekend Edition
Report: Insurance won’t cover damage wreaked by Colorado wildfire
The cost to replace some of the homes destroyed or damaged by last week’s Colorado wildfire in the suburbs...
Insurance payouts from deadly tornadoes could hit $5B
Insurance claims filed in the wake of the tornadoes that devastated parts of six states and claimed at least...
Issue
South Florida real estate braces for flood insurance hikes
The last time the federal government overhauled its flood insurance program, Richard Nixon was president and Pink Floyd’s “The...
Federal bill would mandate insurers offer pandemic policies
Desperate to recover losses incurred during the pandemic, restaurants and retailers turned to their insurers, only for many to...
New York
Ida flooding caused up to $24B in property damage in Northeast: study
Catastrophic flooding in the wake of Hurricane Ida caused up to tens of billions of dollars in damages to...
Here’s what’s next for victims of the Surfside condo collapse and the property
The rest of the world has largely moved on since the oceanfront Surfside condo collapsed in late June, killing...
Chetrit’s lender alleges it stole $2M insurance payout for South Beach hotel damage
UPDATED, July 2, 11 a.m.: Chetrit Group’s new lender alleges that the New York real estate firm stole $2...
Champlain Towers South insurers gear up for legal claims
UPDATED July 5, 7:50 p.m.: As lawsuits mount against the Champlain Towers South condominium association, the building’s and unit...
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