Wednesday, July 6, 2022

$997 million settlement in Florida apartment collapse pending court approval

In Surfside, Florida, a condominium collapse killed 98 people, which would result in a $997 million settlement between the aggrieved residents, insurance companies, builders and other responsible parties. (The Associated Press)


Last year on June 24FloridaThe victim’s lawyer reported on the 11th that the 12-story Champlain Towers South condo in Surfside collapsed without warning, killing 98 people.InsuranceResponsible parties such as the company and the builder coordinated several times, and finally reached a settlement of 997 million yuan, but the settlement agreement has not yet been approved by the court.

Judge Michael Heinzmann was pleased to hear that a settlement had been reached, saying: “I am amazed and pleased that the parties were able to reach an agreement so quickly, which is faster than I expected. Hopefully; it is well known that it can happen.” that some victims may not return to normal life for life, so I hope that this matter will be resolved quickly, preferably before the first anniversary of the collapse, and disaster victims will start receiving compensation payments in the fall . “


In fact, earlier this year, Judge Hendzman approved an initial settlement settlement of 83 million yuan for the accident to compensate residents who suffered direct economic damage due to the apartment collapse; The settlement agreement announced by the victim’s lawyer on the 11th is more comprehensive. Apart from insurance companies and builders, it also includes other apartment buildings nearby. The details of the agreement also include issues such as how to distribute property sales and damages lawsuits.

In addition to the aging of the house and prolonged exposure to seawater erosion, lawyers for the victims also said that the nearby luxury apartment “87 Park” under construction was also one of the main reasons for the collapse of the Kangdou Apartments. South Building of the Champlain Building.

According to court documents, the plaintiffs alleged that “87 park developers wrongfully purchased public roads just a few feet from the Champlain Building’s foundation and carried out dangerously destructive excavations near condos, allowing seawater to flow into Champlain.” It flooded. The building also damaged its structural support, and piles of sheets were buried 40 feet into the ground, loosening the structure of the Champlain building.”


98 killed in apartment collapse in Surfside, Florida
In Surfside, Florida, a condominium collapse killed 98 people, which would result in a $997 million settlement between the aggrieved residents, insurance companies, builders and other responsible parties. (The Associated Press)

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