Latest Condominium Headlines
All the headlines from our Condominium Topic Page, ordered by recency.
Aspen Specialty Settles With Condo in $11M Nashville Bombing Coverage Dispute
Apr 30 2025 // Aspen Specialty Insurance Co. has reached a settlement with the owners of a Nashville condominium building that was badly damaged in the Christmas Day bombing in 2020. The terms of the settlement were not disclosed. Both...
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...
Trump’s Miami Resort Wins Approval for $3 Billion Condo Project
Jan 17 2025 // Donald Trump will leave Mar-a-Lago and head to Washington next week to be sworn in as president. On his way out of South Florida, his family business scored a long-sought local victory. In a 4-0 vote on Wednesday, the...
Florida Condo Owners Face Deadline and Higher Costs With New Regulations
Dec 31 2024 // MIAMI (AP) — Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have sufficient...
Safeco to Stop Writing New Condo and Renter Policies in California
Dec 20 2024 // It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year....
My Safe Florida Condo Program Runs Out of Funding in One Week
Nov 25 2024 // Just a week after a pilot program for strengthening Florida condominiums was launched it reached maximum capacity and is no longer accepting applications. The overwhelming response could underscore the need for wind...
Emerald Bay Launches Co-Op and Condo Casualty Program with Vanderbilt Properties
Nov 15 2024 // Underwriting carrier Emerald Bay Risk Solutions announced a partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate...
Update: What’s Going on With Condos?
Oct 21 2024 // The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership...
Unlicensed Work Does Not Void Contract With Condos, Florida Appeals Court Says
Oct 9 2024 // Being unlicensed as a contractor in Florida does not necessarily void a storm-remediation contract, a Florida appeals court said in a decision that could affect insurance defense strategy in hurricane claims. “This...
Miami Condo President Charged With Skimming $1.5 Million in Association Fees
Oct 3 2024 // The long-time president and engineer of an upscale Miami-area condominium remained in jail late Wednesday after he was charged with stealing $1.5 million in association fees over the last seven years. It’s the second...
Completion of Federal Probe Into Surfside Condo Collapse Delayed Until 2026
Sep 20 2024 // A long-awaited federal report on the causes of the Champlain Towers South condominium collapse, which killed 98 people in 2021 and upended Florida condo regulations and market, will have to wait at least another...
Florida Governor Floats Condo Relief Session; Condo Captive Idea Flagging
Sep 10 2024 // Florida Gov. Ron DeSantis urged lawmakers to weigh ideas on providing condominium owners with relief ahead of a Jan. 1 deadline that requires condo buildings to be inspected and repaired in the wake of the Surfside condo...
Trump Pitches $3 Billion in Condos at Miami-Area Golf Course
Aug 20 2024 // Donald Trump wants to sell more high-end condos in the US, this time using a famously difficult Florida golf course as a draw. The former president’s family business is seeking to build residences and retail inside...
Condos: A Difficult Market to Navigate
Aug 5 2024 // The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership...
Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos
Jul 29 2024 // Allstate’s Florida subsidiaries are continuing to nonrenew thousands of condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state. The Palm Beach...
