failing foundations

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

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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

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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 [...]

Double Threat:  Homeowners in the Grips of Crumbling Basement Epidemic Now Facing Pandemic Fallout

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We are now in the midst of a global pandemic.  There is so much that we don’t know about the virus such as why a young and otherwise healthy person becomes ill and an elderly person manages to survive.  It is the randomness and insidiousness that is so frightening and makes us question what the future holds in store.  Basic assumptions you [...]