Surfside condo building collapse victims reach $997 million settlement

Florida incident claimed the lives of 98 people

NEWYou can now listen to Fox News articles!


Victims of the 2021 Surfside Condo collapse in Surfside, Florida have reached a settlement of $997 million after the incident claimed the lives of 98 people.

CLICK HERE TO GET THE FOX NEWS APP

The rest of the Champlain South tower is seen being demolished in Surfside, Florida, north of Miami Beach, late on July 4, 2021. - A controlled explosion brought down the unstable remains of the collapsed apartment block in Florida late on July 4 ahead of a threatening tropical storm as rescuers prepare to resume searching for victims.

The rest of the Champlain South tower is seen being demolished in Surfside, Florida, north of Miami Beach, late on July 4, 2021. - A controlled explosion brought down the unstable remains of the collapsed apartment block in Florida late on July 4 ahead of a threatening tropical storm as rescuers prepare to resume searching for victims. (Giorgio Viera/AFP via Getty Images)

The settlement with insurers and defendants was announced in a court hearing on Wednesday, according to the Wall Street Journal.