Latest News…August 5, 2019

CFSIC Is In Suspension

CFSIC is in suspension beginning August 5.

What this means is that no further Participation Agreements will be provided to claimants for completion, and no further Participation Agreements will be countersigned…unless you have already been contacted by the Superintendent’s office requesting that you complete and sign a Participation Agreement for countersignature.

The suspension will last until it is lifted. We estimate that the suspension will be lifted by late September or early October, when the new round of funding should be approved by the CT Bond Commission.

Once it is lifted, Participation Agreements will be requested and will then be countersigned in the exact order in which they are currently in line for completion.

Our continuing advice to all claimants is that even though you may have selected a contractor, even signed a construction contract, and are in line for construction work to begin…you are well advised not to make personal arrangements with respect to moving out of your home or otherwise preparing for construction work to begin until you have a countersigned Participation Agreement.

CFSIC has reached out to all contractors asking for their assistance in modifying their schedules to accommodate homeowners in line who are now delayed for their work to start because of the suspension.

For an extensive “Q&A” on this subject, scroll to the bottom of this page and click “Latest News…July 29, 2019”.

Where We Are

CFSIC has received 958 applications as of August 2. That’s more than 100 new applications in 30 days. Of that number, 815 are applications for a Type 1 claim, and 143 are applications for a Type 2 claim. Many of these new claims are from recent applications made specifically by condominium associations, where the association is the true applicant and each unit is a claimant under the association’s application.

Total incurred claim activity is now $101 million. The liability for our active claims is $80.8 million.

CFSIC has received $40 million in cash to date.

Estimating the Future

It appears clear that, at the rate at which applications are being received and evaluated, particularly in light of the July 9 legislation expanding outreach to condominiums, CFSIC will at some point soon cease the new application process entirely.

This will occur well before February of 2020 based on our current projections. It may occur as early as November or December of 2019…or even earlier.  CFSIC will cease taking both Type 1 and Type 2 new applications entirely when the value of incurred asserted claim liabilities reaches $121.6M. It rests today at $101M. This means that we are a little more than $20M away from the day we stop taking applications. Keep this last number in mind as you read about the status of inactive claims below.

Before that point, CFSIC’s Board of Directors will be making decisions of importance to all applicants.

One of these decisions will be the status of inactive claimants. CFSIC has a significant number of inactive claimants who have not made their claims active, when making them active could be accomplished, for example, through the providing of a visual inspection report or other quick and reasonable means.

A number of other claimants are in litigation either collectively or individually…and that litigation renders them inactive. Still others are awaiting severity codes. (There should be no delays anymore in obtaining a severity code, given the certified home inspector program.) Still other claimants are awaiting definitive denials or acceptances of coverage from their homeowners’ insurers.

The Board will have to consider, at some point soon, the status of all those claimants who have filed claims but where, because they are inactive within our system, prevent new valid claims from being presented and made active quickly.

CFSIC currently maintains reserves for inactive claimants of $20.1M.

To be clear…many of these claims are Type 1, Severity Class 3s and 2s, and where, if they were not in litigation, would be quickly eligible to be placed in line. The Board of CFSIC currently takes no position on the merits, pro or con, of what claimants are doing. At some point they will take a position, as the $20.1M in inactive claim status blocks $20 million claimants who may be ready to proceed from doing so.

CFSIC’s board will meet on this subject and other subjects, most probably as CFSIC comes out of suspension within the time frame noted above.

Lastly, we have been alerted to a troubling development.

It appears that a number of homeowners who have fully executed Participation Agreements and would otherwise be available to begin remediation work on their homes are choosing not to do so because of an attempt to prolong property tax abatements for as long as possible. Contractors have contacted us and expressed surprise, because in a number of cases these homeowners would be in a position to have their work begin immediately…their home returned to them in a safe and usable condition, and their property returned, through the use of taxpayer funds, to the tax base of the town in which they live.

CFSIC’s board will be taking up this matter at its next board meeting.


If you have any questions about the operation of the program, ESIS is your best source of information on your claim, and their phone number and email are shown below.

Phone: 844-763-1207


As you work through the information and application process, here’s how you can get help:

– Call ESIS (the claim adjuster) at: 844-763-1207

– Email ESIS at:

– Email CFSIC at:

To view a video of how to complete an electronic application, go here.

To apply for a Type 1 claim, go here.

To apply for a Type 2 claim, go here.

To learn more about the program, if you are a homeowner, including application help, go here.

To learn more about the program, if you are a contractor, go here.

Michael Maglaras, Principal
Michael Maglaras & Company
Superintendent, CFSIC