MIAMI (CBSMiami) – Florida International University announced Wednesday that insurance money will go to settle claims in the 2018 bridge collapse which killed six people.
FIU said bankruptcy court has approved a plan that calls for $42 million dollars in insurance proceeds to go into a trust.READ MORE: 120 Opa-locka Residents Return Home After Gas Explosion At Apartment Complex
That money will then go to settle claims by the surviving victims and to the families of those who were killed when a pedestrian bridge collapsed on 8th Street.READ MORE: Police Investigate Double Shooting In NW Miami-Dade
The university’s made a statement, which read in part:MORE NEWS: CDC Issues New Covid-19 Guidance For The Holiday Season
“FIU made this decision out of respect for the victims of the bridge collapse and their families. We believe this is the right course of action, because it will allow the victims and their families to maximize their recovery and expedite the process of getting compensation to them.”