Only $48M In Insurance For Collapsed Condo Worries Judge
By Nathan Hale (July 1, 2021, 4:35 PM EDT) -- Word that the Florida condominium building that partially collapsed last week has at most $48 million available in insurance coverage prompted a state judge to caution Thursday that allocating the limited funds to victims will pose "very serious" issues.
During an emergency Zoom hearing covering the first four lawsuits related to the disaster in the town of Surfside, Miami-Dade County Circuit Judge Michael A. Hanzman stressed the sensitive nature of the cases. Rescue workers are still sifting through rubble in search of missing inhabitants, but the court also needs to move expeditiously and carefully to maximize the recovery for victims....
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