Latest Condominium Headlines
All the headlines from our Condominium Topic Page, ordered by recency.
Flawed Flood Maps Hurting Condo Sales in Ocean City, Maryland
Jun 9 2016 // Flawed Federal Emergency Management Agency flood insurance maps have caused insurance premiums at some Ocean City, Maryland, properties to skyrocket, but city officials say a resolution could still take months. The Daily...
NFS Edge Launches Flood Coverage Option for Condo Associations
Dec 16 2015 // NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association...
Florida’s Citizens Expanding Clearinghouse to Condo Unit Policies
Nov 20 2015 // Starting in December, Citizens will expand its Property Insurance Clearinghouse to condominium unit owners, many of whom will now have immediate access to multiple private alternatives, the company said in its November...
How to Write Coverage for Condominium Associations and Individual Unit Owners
Nov 16 2015 // Completing the condominium insurance picture necessitates “jigsaw puzzle” tenacity. Quite a few pieces must be snapped together to assure the proper insurance picture is presented; any missing information can...
10 Things to Know About Condominiums
Aug 3 2015 // The condominium association owns and insures the outside structure of the condominium building. The condominium master policy agreement (bylaws) stipulates what part of the structure is owned and insured by the association...
New Mexico Jury Awards $12M Against Condo Association for Shooting Death
Apr 6 2015 // The family of a man killed in an Albuquerque, N.M.-area housing complex by a stray bullet that went through his door has won a $12 million judgment against a condominium association and a property management firm. A jury...
Colorado Senate Passes Condo Builder Liability Measure
Mar 20 2015 // A bill to make it harder to sue condominium builders has cleared its first hurdle in the Colorado Legislature. The measure would make it harder to sue builders of single and multifamily homes for defective construction. It...
New Mexico Jury Awards $12M Against Condo Association For Shooting Death
Mar 20 2015 // The family of a man killed in an Albuquerque, N.M.-area housing complex by a stray bullet that went through his door has won a $12 million judgment against a condominium association and a property management firm. KRQE-TV...
North Carolina Authorities Investigating Fires at Beach Condos
Dec 8 2014 // Authorities said two condominiums units and a car have been set on fire in suspicious blazes in Carolina Beach. New Hanover County District Attorney Ben David told local media outlets that crews are still checking to make...
Understanding Condo Association & Unit Valuation
Nov 3 2014 // Quite a few pieces must be in place to ensure no coverage gaps exist in either the condominium association’s or unit owner’s coverage picture. Three questions must be considered by the agent writing the...
Opportunities Abound in High-Value Home, Condo Segment
Aug 4 2014 // The high-value homeowners and luxury condo markets have become competitive arenas to play in, with several new programs and companies in the past few years. But experts say agents and brokers shouldn’t be deterred by...
BB&T in Florida Promotes Condo-Specialist Littlestone
Jun 2 2014 // Florida’s BB&T Insurance Services has promoted Gino Littlestone to senior vice president in BB&T-Oswald Trippe and Co.’s commercial lines division specializing in condominiums. Gino...
Montana Condo Accessibility Suit Settled
Dec 31 2013 // A developer and construction company have agreed to make changes to a Bozeman, Mont. condominium following a federal lawsuit about handicap accessibility. The Bozeman Daily Chronicle reports in a story on Sunday that...
Hawaii Couple To Receive $1.2M Condo Settlement
Dec 30 2013 // A couple will receive nearly $1.2 million to settle their lawsuit against a Molokai condo association. Jim and Nancy Bevill claimed they became targets for abuse after attempting to elect new board leaders for the Ke Nani...
South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board
Dec 16 2013 // A Clarendon County jury has awarded $890,000 in damages to a man after members of the governing board at his condominium wrongly identified him as a registered sex offender. James E. King thinks the situation stemmed from...
Florida Condo Developer Sues Residents Over Website
Oct 22 2013 // The developer of a mold- and water-plagued condominium complex in Manatee County alleges in a lawsuit that a handful of former and current residents conspired to hack emails and to create a website slamming the company in...
Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos
Sep 23 2013 // 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...
10 Things to Know About Condominiums
Aug 16 2013 // 1. To adequately insure one’s condo apartment, it is important to review the condo association’s bylaws and proprietary lease to find out which structural parts of the condo units are covered by the association...
10 Things to Know About Condominiums
Aug 5 2013 // To adequately insure one’s condo apartment, it is important to review the condo association’s bylaws and proprietary lease to find out which structural parts of the condo units are covered by the association...
Retrial Ordered in Florida Condo Association Suit Against QBE Insurance
Sep 24 2012 // A federal appellate court has reversed a $7.2 million judgment and ordered a new trial in a Florida hurricane insurance case. The 11th Circuit Court of Appeal issued the ruling in Atlanta based on a May opinion by the...
