Latest News…December 2, 2019
Read a copy of what was received by Congressman Joe Courtney. This Private Letter Ruling indicates that CFSIC is not required to provide homeowner claimants with a 1099. Read more
Latest News…November 25, 2019
CFSIC has received, through the help of Congressman Joe Courtney, a Private Letter Ruling that now clarifies the 1099 issue. Read more
Latest News…November 18, 2019
62 families have been returned to their homes as of last Friday. CFSIC has 436 severity class coded 3 foundations on its books…with outstanding reserves of $78.3M. Read more
Latest News…November 11, 2019
The Board of Directors of CFSIC has decided to modify the company’s Underwriting and Claims Management Guidelines in order to extend our outreach to condominium associations and condo unit owners. Read more
Latest News…November 4, 2019
CFSIC remains in suspension for the taking of new applications. It will be in suspension for months. We do not know when it will come out of suspension, but we will keep the public informed of what we know and when we know it. Read more
Latest News…October 28, 2019
As of last Friday, CFSIC had registered a total of 556 Severity Class 3 claims. Inside this number are 35 claimants actively in litigation against their insurers, which means they are inactive claims. In addition, 33 claimants await word from their insurance companies as to their claims pending…which means they too are inactive until they are accepted or declined by those insurers. Lastly, 37 claimants remain inactive for other various reasons. Read more
Latest News…October 21, 2019
In the past two weeks, CFSIC has disbursed more than $2 million in new construction deposits (now that we are out of suspension for new Participation Agreements), construction progress payments on work already underway, and payments to Type 2 claimants. Read more
Latest News…October 14, 2019
As of Friday, we have provided 61 completed Participation Agreements to homeowners who have been waiting in line since June 19. As homeowners sign these agreements, and the Superintendent countersigns them, these foundation projects have moved quickly into the scheduling phase of construction. Read more
Latest News…October 7, 2019
CFSIC is out of suspension for the signing of Participation Agreements. Over the weekend our team provided Participation Agreements to 61 claimants in line. We also processed more than 40 emails alerting others in line as to the approximate date on which they can expect to receive their Participation Agreement. Read more
Latest News…September 30, 2019
CFSIC is out of suspension for the signing of Participation Agreements effective today. We ask everyone’s patience as we diligently work through what is a very long line, which reaches back to the early part of June. Read more