We expect CFSIC’s known claim reserves to reach at least $90 million by the end of our fiscal year. What this means is that we have a growing body of evidence and knowledge as to where the crumbling foundations crisis exists, in what towns, and in some cases on what streets within those towns. Read more
As of today, CFSIC will be processing new Participation Agreements enabling foundation construction to commence. Read more
I am pleased to report that, thanks to quick and helpful intervention by Governor Lamont and his staff, and by DOH Commissioner Mosquera-Bruno and her staff, CFSIC should be receiving its next allotment of $20M within the next few business days. Read more
Beginning on April 29, CFSIC will be unable to enter into any further Participation Agreements with affected homeowner claimants until it receives the proceeds of its April 4th Bond Commission allotment of $20 million. Read more
In an effort to facilitate more applications from affected homeowners, CFSIC will be inviting CT-licensed home inspectors, as well as CT-licensed engineers, to become certified by CFSIC to conduct visual foundation examinations on behalf of homeowners. Read more
CFSIC has been in business for a little more than three months. We have reviewed more than 120 construction proposals for work that is now, or will very shortly be, in process. Read more
CFSIC has been open for business for almost three months. We are identifying claimants and making them active at a rate $1 million per week in reserve liability. Read more
We’re pleased to report that CFSIC’s current fiscal year bond allotment is expected to be considered and approved at the April 2 CT Bond Commission special hearing. Read more
We were informed last Friday, March 22, that the scheduled March 29 Bond Commission hearing had been cancelled. We understand that the next one is scheduled, at least on paper, for April 26. Read more
A number of claimants have recently inquired about the progress of their claim, even though they were among the first to apply in the days following January 10. I can confirm that ESIS is about ten days away from a complete review of the remaining 83 claimants in the first grouping of claims that came in within three weeks of CFSIC’s launch. Read more