Victims and families who suffered losses in the collapse of a 12-story oceanfront Florida condominium will get a minimum of $150 million in compensation initially, a judge said Wednesday.

That sum includes about $50 million in insurance on the Champlain Towers South building and at least $100 million in proceeds from the sale of the Surfside property where the structure once stood, Miami-Dade Circuit Judge Michael Hanzman said at a hearing.

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