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‘Simply Not Enough.’ Court Hears That Surfside Condo Has $48 Million In Insurance Coverage

A rescue worker walks amid the rubble where a wing of a 12-story beachfront condo building collapsed on Thursday in Surfside, Fla.
A rescue worker walks amid the rubble where a wing of a 12-story beachfront condo building collapsed on Thursday in Surfside, Fla.

The first court hearing was held Thursday for a handful of initial lawsuits stemming from the Surfside condo collapse, and a Miami-Dade judge acknowledged that the building’s $48 million in total insurance coverage likely won’t be enough.

“There’s going to be a very serious allocation issue between those people who tragically lost loved ones and those who were lucky enough to only lose property,” Miami-Dade Circuit Judge Michael Hanzman said during the Zoom hearing.

So far, five lawsuits have been filed stemming from the catastrophic collapse of the Champlain Towers South building on June 24. As of Thursday morning, the bodies of 18 people have been discovered and 145 remain missing in the unprecedented condo collapse. Rescue work was halted early Thursday over concerns that the remaining structure could topple.

Read more at our news partner the Miami Herald.