James River will make upfront payment on collapsed condo
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James River will make upfront payment on collapsed condo

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James River has voluntarily agreed to pay the entire $2mn limit on a liability policy, taken out by Champlain Towers South Condominium Association, which owned the seafront building that collapsed last week, killing dozens.

RT Specialty brokered the excess and surplus lines policy, which may be one of a number of general liability policies in place on the building, depending on how much cover the organization purchased.

Sina

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