condominium associations News

Georgia Condo Association Leaders Charged with Taking Insurance Proceeds After Fire

Police in South Fulton, Georgia, have charged the president and treasurer of a large condominium association with stealing more than $1.5 million in insurance payouts after two fires in 2020 destroyed a building. Multiple Georgia news outlets reported that Camelot …

Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Insurance Fees

Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an association meeting called to discuss higher fees due to spiking insurance premiums. Fortune magazine …

South Florida Jury Awards Woman $5.5M from Mold, Water Damage in Condo

A south Florida jury has awarded $5.5 million to a woman who sued her condominium association after years of water infiltration and mold that the woman blamed for the death of her longtime domestic partner in 2021. The Broward County …

New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies

The New Jersey Department of Insurance has given Honeycomb Insurance approval to sell policies statewide. The technology-based managing general agent (MGA) serves the commercial real estate market and will offer insurance for apartment buildings, condominium associations and single family rental …

Alliant Acquires New Jersey’s Trivedi Capacity Associates and Risk Purchasing Group

Alliant Insurance Services has acquired New Jersey-based Trivedi Capacity Associates, further expanding its reach in the community association and condominium association underwriting space. Central to the acquisition is Trivedi’s HARP risk purchasing group, which provides a range of targeted insurance …

Minnesota Leaves Condo Inspections Up to Property Owners

Some local building inspectors in Minnesota are fielding questions from residents worried about the safety of their condo buildings following the collapse of a tower in Surfside, Florida, in June. In Minnesota, there is no state requirement for regular inspections …

How to Write Coverage for Condominium Associations and Individual Unit Owners

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 leave a gaping hole in either the association’s or unit owner’s …