condo associations News

Understanding the Risks and Coverages in Condo Association D&O

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 organization. They need this …

Company Linked to MMA Law Firm Still Paid by Florida; Case Highlights Issue with AOBs

The continuing saga of the Houston-based plaintiffs’ law firm of McClenny Moseley & Associates, suspended and sanctioned for flooding courts with erroneous lawsuits against property insurers in Louisiana, has taken a new political twist in recent days. It also has …

Castle Key’s 54% Condo Rate Hike Gets Hearing, Showing New Pressures in Florida

The Florida Office of Insurance Regulation next week will hold hearings on two property insurers’ requests for 54% average rate increases, one of which has already affected more than 105,000 condominium unit owners. Castle Key Indemnity Co., one of Allstate …