On December 23, we will provide again on this website a pdf version of the CFSIC Type 1 and Type 2 applications, so that potential claimants can become reacquainted with the application and its requirements. (The electronic application process will not be available until January 13.) Read more
CFSIC will begin taking applications again on January 13, 2020. We want to be very clear about what this means. Read more
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
CFSIC has received, through the help of Congressman Joe Courtney, a Private Letter Ruling that now clarifies the 1099 issue. Read more
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
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
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
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
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
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