If you’ve seen the news, you’ve heard the reports about the condo collapse in Miami. Several families have already filed wrongful death claims on behalf of their deceased loved ones. How many people died in the building collapse?
With more than 100 residents missing and several suits already filed, a local Miami judge held an emergency hearing on the issue of evidence preservation. Evidence preservation is a big deal in the case. Accident scenes can change rapidly – destroying important evidence. I’ll save the evidence topic for another day. Another issue from the hearing — liability insurance — sparked the topic for this post.
At that hearing, attorneys for the condo association indicated liability coverage in the amount of $48 million existed. The judge promptly responded such coverage was not adequate to compensate all the families for their deceased loved ones. It is not. While that sum may seem like a lot of money, you start dividing it between many, many families and it is not.