Condo collapse limits on risk total an ‘inadequate’ $48mn
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Condo collapse limits on risk total an ‘inadequate’ $48mn

Bernard Goyder
July 01, 2021
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Miami condo collapse 27 june
Alamy Stock Photo

Champlain Towers South has $48m in total P&C insurance coverage, according to information presented to a Florida state court today, at the start of what is likely to be a lengthy legal process to allocate compensation to residents and apartment owners of the Miami tower block that disintegrated last weekend.

The available insurance cover is split between a $30mn property policy, underwritten by Great American, and an $18mn liability tower, split between several carriers, including James River.

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Bernard Goyder
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