OKO sues insurers for $22M amid Missoni Baia foundation woes

OKO Group is looking to collect $22.4 million from four insurers, alleging an unpaid claim for damages and delays during construction of the Missoni Baia branded condo in Miami’s Edgewater.  An affiliate of Billionaire Vlad Doronin’s Miami-based OKO sued Zurich American Insurance, Allianz Global Risks U.S. Insurance, ACE American Insurance and National Fire Marine Insurance in Miami federal court Friday. The lawsuit is on the heels of Missoni Baia’s condominium association suing OKO’s affiliate in January over alleged construction defects.  OKO and Cain International completed the development in 2024. The 249-unit tower at 777 Northeast 26th Terrace is the first […]This article originally appeared on The Real Deal. Click here to read the full story.