Florida to Tackle Condo Reform After Surfside Building Collapse
Rescue workers at the site of the collapsed Champlain Towers South condo building in Surfside, Florida, on June 27, 2021.
Photographer: Giorgio Viera/AFP/Getty Images
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Florida’s legislature will address the deadly 2021 collapse of a condominium building in Miami-Dade county in a special session convened earlier this week to stabilize the state’s struggling homeowners’ insurance industry.
The legislation will aim to mandate that reserve funds be fully funded by condominium owners and boards to ensure that repairs and maintenance can be covered and not delayed, the Florida Senate and House of Representatives said in a joint statement.