‘Margins against failure were too narrow from the start.”
Five years after the terrible and tragic Surfside condominium building collapse, the National Institute of Standards and Technology (NIST) has published its technical report detailing a timeline of the disaster, stating …
Likely that pool deck took the building down with it
Years after the tragic 2021 Surfside condo collapse that killed 98 people, a new report from the National Institute of Standards and Technology (NIST) is reinforcing preliminary findings (and videos…
Relaxed safety standard deadlines meant to ease financial stress
Florida’s condo market has taken a beating since the tragic Surfside building collapse – a development we have covered closely over the last several years. Tougher safety rules, including strict “milestone …
No bailouts as some condo owners hoped
Here at LMA we’ve been closely covering Florida’s ongoing condominium problem and have new developments to report. At issue are state laws passed two years ago that address condo safety by requiring milestone …
Plus, depopulation, condo questions, wildfire dangers
Citizens Property Insurance is trying to find ways to help its policyholders with Hurricane Helene flood claims, nearly 90% of depopulation offers to Citizens this month qualify for removing policies, condo questions and answers, …
Fixing “toothless” regulation
Legislation is continuing to move forward in the Florida Legislature this session reshaping and enforcing accountability for condominium board members, an issue discussed in our November 20 newsletter last year. According to many involved, the current condo …
How AI may soon help weed-out bad actors
The Florida Legislature in its upcoming January regular session is also going to take another look at condominium governance and regulation. The Senate Regulated Industries Committee last week got an earful from …
Fears of foreclosure, reinsurance costs, lawmaker investors
A dire warning from a South Florida county commissioner on an impending condominium foreclosure crisis due in part to ever-rising insurance costs, how to stop the “rollercoaster ride” of reinsurance pricing, and Citizens …
Plus, roof fraud & an Ian chop shop
A second South Florida homeowners association is under receivership for alleged financial mismanagement and fraud, a West-Central Florida roofing scheme may involve hundreds of victims, and another victimization of Hurricane Ian survivors, …