Latest Condominium Headlines
All the headlines from our Condominium Topic Page, ordered by recency.
Condo Insurance Requirements Not Cookie-Cutter
Jun 30 2008 // “Given the great interdependence of the unit owners in the stacked unit condominium situation, mandating property insurance for the entire building is the preferable approach.” This one explanatory sentence...
ICW Offers DIC Program for Condo & Homeowner’s Associations
Jun 25 2008 // San Diego-based ICW Group, a group of insurers, announced a new program homeowner’s associations and multi-family condos that provides expanded coverage for buildings of wood frame construction built after 1975. The...
Maryland Court Wrong in Condo Ruling
Jun 20 2008 // A firestorm of confusion and comment was created by a June 3, 2008, InsuranceJournal.com exclusive report detailing a recent Maryland Court of Appeals ruling regarding a condominium associations’ requirement to pay...
Court Turns Maryland Condo Insurance Upside Down
Jun 3 2008 // A dispute over $6,400 in damage to a Maryland townhouse led to an unexpected court decision that has reversed 26 years of standard industry practice, and left insurers, agents, lawmakers and condominium associations...
Feds Say Former Willis Exec Should Forfeit $1.9M Home, Condo
Mar 5 2008 // A former exec at Willis Management in Vermont has been charged with embezzling more than $2.2 million from the captive insurance manager. Thirty-six-year-old Kenneth MacKay – a former senior vice president – is...
Minn.’s Smoking Ban Trickles Down to Condos, Homes
Feb 15 2008 // Minnesota’s battle over smoking bans is making its way into private homes, as residents of one high-rise condominium along the Mississippi River have voted to make their building smoke-free. At La Rive Condominiums...
Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at...
PURE to Include Coverage for Eligible Condominiums in Florida
Aug 16 2007 // Martin Hartley, executive vice president and chief operating officer with Privilege Underwriters Reciprocal Exchange (PURE), announced the company will expand its homeowners insurance program, including windstorm coverage,...
Abram Interstate Offers Coverage for Condos and Tenants
Oct 19 2006 // Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering coverage for owner-occupied condos, hard-to-place rental or secondary/seasonal condos, and units rented by tenants in California. Coverage is written...
Distinguished Programs Launches New Small Condo/Apartment Program
Oct 12 2006 // New York, N.Y.-based Distinguished Programs has rolled out a small condo and apartment building program designed to give small building owners the same level of coverage and deductible options available to larger property...
Fla. Condo, Home Associations Press Politicians Over Insurance Crisis
Oct 11 2006 // As Floridians prepare to go to the polls in November, nine out of every ten of the state’s property owners living in condos, homeowner and other community associations say Florida’s elected officials are doing...
Fla. condo owners face possible Citizens rate hike
Apr 17 2006 // Citizens Property In-surance Corp. plans to seek a rate increase for commercial residential associations, primarily condos, to keep up with increasing premiums in the private market. Citizens writes wind coverage for...
Florida Condo, Carrier Reach Hurricane Repair Agreement
Feb 1 2006 // Southern Family Insurance representatives have met with 200 Century Village condominium owners in Boca Raton, Fla. and agreed to pay for extensive hurricane repairs including the replacement of five roofs. Bob Goolman,...
Philadelphia Insurance Cos. Offering Office Condominium Associations
Jan 19 2006 // Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include Property, General Liability, Automobile,...
NBIS Expands Wrap Product to Condominiums in All But New York
Jan 17 2006 // NBIS, the exclusive manager for ProBuilders Specialty Insurance Co., RRG, has expanded its wrap product to include condominium conversion projects in all states except New York. NBIS is targeting the following conversion...
FEMA Says Condo Owners Can Apply for Hurricane Wilma Assistance
Jan 5 2006 // The Federal Emergency Management Agency in Orlando, Fla. has reversed its position and is encouraging condominium associations needing financial assistance to repair roofs and other property destroyed or damaged by...
CONDO ASSOCIATIONS URGED, USE MEDIATION, SETTLE DISPUTES
Dec 19 2005 // A mediation program to help condominium associations resolve disputes over hurricane claims has been suggested by Tom Gallagher, Florida CFO. He said the mediation program, established for homeowners after the 2004 storms,...
Luxury Condos and Co-ops
Dec 5 2005 // Nuts & Bolts: The Chubb Group of Insurance Companies has rolled out insurance packages for the owners of luxury condo and co-op apartments in New York. The policies address coverage gaps created by building...
Condominium Associations Urged: Use Fla. Mediation Program to Settle Hurricane Claim Disputes
Dec 1 2005 // A mediation program to help condominium associations resolve disputes with their insurance companies over hurricane claims has been suggested by Tom Gallagher, Florida CFO. Gallagher said the mediation program, established...
Nonprofit D&O Essentials: Homeowners, Condo Association Boards Beware
Nov 7 2005 // Americans place significant value on their residential investments. So who wouldn’t want to get involved in one’s homeowners or condominium association? But the directors and officers of these nonprofit...
