Champlain Towers South
The 12-story Champlain Towers South condiminium collapsed abruptly in the early-morning hours of June 24 in Surfside, Florida, killing 98 people.
The sum includes $50 million in insurance on the Champlain Towers South building and at least $100 million in proceeds from the sale of the Surfside property.
Some of the bodies have not yet been identified, but officials believe only four individuals are still missing.
There are still 61 people unaccounted for as recovery efforts continue in Surfside, Florida.
Authorities have concluded that there is “no chance of life” in the rubble of the former high-rise building and have transitioned to recovery mode.
Emergency workers have spent the two weeks since Champlain Towers South's collapse in Surfside, Florida, looking for survivors.
No one has been rescued from the site since the first hours after the Miami-area building collapsed.
Investigators have detected no new signs of life in the rubble as the death toll climbed to 36.
Officials said the number of confirmed missing stands at 70, but could be as high as 113 people missing in the rubble.
The action is considered a key step to resuming the search for victims as rescuers possibly gain access to new areas of the rubble.