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Articles

LESSONS FROM THE SURFSIDE CONDO COLLAPSE ONE YEAR LATER

Risk Management Magazine

  • Published On: June 30, 2022

On June 24, 2021, Champlain Towers South, a beachfront condominium in Surfside, Florida, collapsed, killing 98 people and injuring 11. Less than one year later, a $1 billion settlement, consisting largely of a comprehensive insurance recovery, has already been achieved for the victims, their survivors, and the unit owners left without their homes, and was approved by the judge overseeing the consolidated litigation on June 23, 2022. Most would consider this a swift resolution for any significant insurance recovery, but that is especially true for a highly publicized tragedy of this scale.

This tragedy, and the insurance recovery following it, provide instructive lessons for risk managers, property owners and others:

To read the full article, please click here.

Allen R. Wolff is a shareholder in Anderson Kill's New York office. His practice concentrates in construction litigation, insurance recovery, and the nexus between the two, as well as in complex commercial litigation.

Ethan W. Middlebrooks is an attorney in Anderson Kill’s New York office and concentrates his practice in insurance recovery and commercial litigation. He has assisted policyholders on a broad range of matters, including first-party property and construction-related claims, as well as municipal-related concerns.

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