Surfside condo collapse impact on underwriting. Analyzing the location of the building, the construction materials, age and the quality of the systems within the structure help the insurer determine the likelihood of a building or structure being damaged before a catastrophic event occurs. (Photo: Felix Mizioznikov/

The terrible collapse of the Champlain Towers South building on June 24, 2021, killed 98 people. Litigation is currently pending, and there are reports that $30 million in insurance coverage have been tendered to the court. The maintenance deficiencies that existed at time of collapse have also been widely reported. The question for the insurance industry is, does this change underwriting procedures or pricing to better reflect this risk?

Historically, property underwriters have used the acronym C.O.P.E. (Construction, Occupancy, Protection, Exposure) to evaluate property risk exposures. In this case, occupancy, protection and exposure are straight-forward, so we won’t spend any time on those aspects for this article. What we do want to discuss is construction.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.