CAM July 2021

Page 32

INSURANCE >>

COLLAPSE OF A FLORIDA HIGH-RISE For multi-residential building owners, insurance implications are inevitable by Andy Schwartze The recent collapse of a high-rise residential building in Surfside, Florida, is an unimaginable tragedy that sadly underscores the importance of structural safety and the drastic consequences that could result if exposure to moisture goes unchecked. Though investigators have not yet revealed the precise cause of the collapse that killed at least 97 people, a 2018 engineering report indicated that the 40-year-old complex had multiple structural deficiencies.

32 | Canadian Apartment | Part of the REMI Network |


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