Judge Approves $150M Payment To Victims Of Florida Condo Collapse

The $150 million doesn't count any proceeds from the numerous lawsuits already filed since the June 24 collapse.

As the remaining rubble from the collapse of a 12-story oceanfront condominium was cleared away Wednesday, a Florida judge said victims and families who suffered losses will get a minimum of $150 million in compensation initially. That sum includes about $50 million in insurance on the Champlain Towers South building and at least $100 million in proceeds from the sale of the Surfside property where the structure once stood, Miami-Dade Circuit Judge Michael Hanzman said at a hearing. The $150 million does not count any proceeds from the numerous lawsuits already filed since the June 24 collapse, which killed at least 97 people.