crumbling basement court cases

Concrete Heat: CFSIC Launch Date, Recent Court Cases, Amended Real Estate Disclosures, Traveler's Insurance Steps Up

The Connecticut Foundation Solutions Indemnity Company (CFSIC) has announced a new launch date of January 10, 2019 for claim applications for Type 1 and Type 2 repairs.  After a robust comment period there were changes made to the original underwriting and claims management [...]

Crumbling Credit Scores: Proposed Bills Seek to Alleviate Credit Hit to Underwater Homeowners

Testimony was accepted in the public hearing held February 7th on bills proposed to aid victims of crumbling foundations.  Two of the bills involve the protection of homeowners with crumbling basements who are at risk of having their credit negatively impacted via a deficiency judgment under many scenarios.  There was no surprise in who [...]

Crumbling Concrete Catch Up: Tolland School Foundation Failing And A Plethora of Proposed Bills

Tolland needs to replace the crumbling foundation at the Birch Grove Elementary School sooner rather than later and hope to start construction in 2020.   The section built in 1999 is showing much more deterioration than the section built in 2003 so they hope to complete the repair in two phases, using temporary or portable classrooms during [...]

Crumbling Basements by the Numbers

The annual report and audit report for Connecticut Foundations Solutions Idemnity Company (CFSIC) was published recently on the CFSIC website and it is chock full of information and some great infographics that convey the information in a concise and easy to read  format.  Here are some takeaways:

40 Number of Northeast CT towns affected

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