October 22, 2014

Condo Insurance Payoff

Art Levy | 12/1/2007
Damaged condo
Hurricane Wilma damaged the Chalfonte condominium complex in Boca Raton in 2005. The condo association sued its insurer over the amount of damage and recently won $8.1 million. [Photo: J. Meric]

Two years after getting slammed by Hurricane Wilma, the 378-unit Chalfonte condominium complex in Boca Raton has won an $8.1-million award from its insurance news, Australia-based QBE Insurance Group. Dan Rosenbaum, a Becker & Poliakoff attorney who represented the Chalfonte, thinks the verdict will lead to more suits against QBE, the largest insurer of condominium associations in Florida. Rosenbaum’s firm already has 10 other cases pending against QBE involving storm damage to condos. The Chalfonte case hinged on whether Wilma’s damage exceeded the policy’s deductible.

Tags: North Central

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Gasoline Prices: Why Are They Going Down Now?
Gasoline Prices: Why Are They Going Down Now?

Gasoline prices in the U.S. are the lowest they've been in four years. Why?

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Jeb Bush has said he'd accept tax increases as long as they are paired with federal spending cuts. This stance runs counter to conservatives who oppose tax hikes. Is Bush right?

  • Yes - raising taxes should be considered
  • No - there's enough money, need to manage it better

See Results

Ballot Box
Subscribe