A recent South Florida Business Journal article examines a crane collapse at the future site of Citadel’s planned headquarters in Miami, an incident that injured four people and is expected to delay the 52-story project by several months. The collapse has also prompted a federal investigation, raising questions about the parties involved, potential liability and the insurance implications as investigators work to determine what caused the incident.
Oscar Seikaly, Chairman and CEO of NSI Insurance Group, provided insight into the potential insurance considerations surrounding the incident, including how coverage and liability may be determined following a construction accident. His perspective highlights the importance of the ongoing investigations in identifying the responsible parties and determining how insurance claims may ultimately be handled.
Read the full article here.
