These media indicate that the agreement does not imply that the defendants admit their guilt in the collapse of the Champlain Towers South building, whose causes were still under investigation.
Securitas, the insurance company of the 12-story building built in 1981, will contribute 517.5 million dollars to the total sum of 1,020 million dollars, according to the agreement closed this Friday, which can be accessed in full from media such as the portal of the real estate business TheReaReal.
A wing of Champain Towers South, located in the coastal city of Surfside, neighboring Miami Beach, collapsed for reasons not yet officially determined on the early morning of June 24, 2021.
The rest of the building had to be demolished in a controlled explosion on July 4 to facilitate the search for victims in the rubble.
Different companies involved in the construction of the building next to Champlain Towers South, called Eighty Seven Park, which is believed to have contributed to the disaster, will put up some 400 million through their insurers.
Contributions will also be made by the Surfside City Council, a law firm that advised the homeowners association, the engineering firm contracted to do the work required to obtain the renewal of the Champlain Towers South certificate of habitability, and other defendant firms.
The sale of the site where Champlain Towers South stood, for which there is a $120 million bid from a Dubai investor, will also add to the fund.
The beneficiaries will be the families of people killed or injured in the collapse. Those who only lost their property will split $96 million.