condominium News

Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos

Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop Fire-Prevention Credit, Automatic Water Supply Line Flood-Prevention-Device Credit, and …

Advanced E&S Group Adds Maintenance Interruption Coverage for HOAs

Managing underwriter Advanced E&S Group has launched a business income policy for community associations that includes maintenance interruption insurance designed to help condominium and homeowner associations reduce their exposure to loss of assessment income. As community associations prepare their budgets …

2 Injured In Chicago Water Tank Fall File Lawsuit

Two people injured when a century-old water tank fell from a Chicago condominium building are suing the building’s owner. The complaint filed in Cook County court seeks unspecified damages. In a statement, attorney Richard F. Burke Jr. says 27-year-old Lauren …

Kentucky Condo Owners Await Ruling Over Shoddy Construction

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 homes. Campbell Circuit Judge Julie …