Florida condo insurance market crisis News

Miami Insurance Broker Sentenced to 3.5 Years in Condo Premium Finance Scheme

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’ premium financing, then using the loans …

Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos

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 Post reported that Castle Key Indemnity and Castle Key Insurance …

Creditors Move to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay Debts

Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a bankruptcy judge that he can’t afford to pay …