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 …
Two years ago, 98 people were killed when their 12-story condo building collapsed in the middle of the night. The 40-year old Champlain Towers South condo in Surfside, Florida had unaddressed structural problems often called “deferred maintenance.” There are federal …
Condo next door sued
The Surfside condo tower collapse was the subject of discussion at the recent National Council of Insurance Legislators (NCOIL) conference I attended. The question: how big an impact will it have on property insurance underwriting and …
Condo bills emerging
The full Florida Legislature is back in Tallahassee this morning for a week-long special session, while the first drafts of congressional and legislative redistricting are out. Condominium bills are beginning to emerge, too, designed to help prevent …
Tightening & rate increases expected
Another issue that arose in last week’s meeting of the Miami-Dade County government multi-agency panel on the Surfside disaster was condo association reserve funds for needed building maintenance – and that many times, the reserves …