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Connecticut Rep. Courtney introduces Casualty Loss Deduction Restoration Act
13 July 2023
US Reporter Lucy Carter

Connecticut representative Joe Courtney has introduced the Casualty Loss Deduction Restoration Act to provide citizens with financial relief following losses from unexpected disasters

Massachusetts sees support for crumbling foundations captive bill
14 January 2022
Massachusetts Reporter Rebecca Delaney

The Massachusetts legislature has seen increased support for Senate Bill 548, ‘An act relative to crumbling concrete foundations’, following a hearing by the Joint Committee on Environment, Natural Resources and Agriculture last week

CFSIC receives final fund installment for crumbling foundations
26 July 2021
Connecticut Reporter Rebecca Delaney

The Connecticut Bond Commission has released the final $20 million allocation to the Connecticut Foundation Solutions Indemnity Company

Connecticut House passes crumbling foundation bill
04 June 2021
Connecticut Reporter Maria Ward-Brennan

The Connecticut House of Representatives has passed HB 6646, which is an act concerning crumbling concrete foundations

Crumbling Foundations captive completes first 150 foundations
15 June 2020
Connecticut Reporter Becky Bellamy

The Connecticut Foundation Solutions Indemnity Company has completed 150 foundation replacements since its launch on 10 January 2019

Crumbling foundations to receive next instalment of funding
16 September 2019
Connecticut Reporter Maria Ward-Brennan

Connecticut’s state Bond Commission will consider adding $20 million in bond allotment to the Crumbling Foundation Solution Indemnity Company

‘Not enough interest’ around crumbling foundations captive data
22 August 2019
Connecticut Reporter Maria Ward-Brennan

There are not enough people interested in learning from the Connecticut Foundation Solutions Indemnity Company’s data on how to defeat the concrete crisis, according to the exiting superintendent of the captive Michael Maglaras.

Maglaras steps down as superintendent of crumbling foundations captive
16 August 2019
Connecticut Reporter Maria Ward-Brennan

Michael Maglaras is stepping down as superintendent of Connecticut Crumbling Foundations Solutions Indemnity Company

Features
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Social benefit: a new goal for captives?

Fresh from the first successful home being repaired using the crumbling foundations funds, doubt clouds over the CFSIC as funding falls far from what is needed to renovate all remaining homes facing the crisis

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Innovation, Innovation, Innovation

In a congested US captive market, Connecticut is looking to focus on innovation to separate itself from the field

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The largest captive ever formed? An update on ‘crumbling foundations’

The captive created to distribute funds to help homeowners impacted by the ‘crumbling foundations’ issue began accepting applications on 10 January

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Fixing the cracks

An innovative new captive in Connecticut is helping residents save their homes and may boost the industry’s reputation in the process

Country profiles
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Connecticut

While Connecticut is 20th in the nation in terms of the total number of licensed captives, it is third in the nation in terms of average premiums per captive. But what initiatives are in place to ensure this growth continues?

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