Two Insurers Promise $10.5 Million to Affected Insureds

CFSIC updates program guidelines — homeowners following the application process should review current rules as the fund refines its procedures. Journal Inquirer — municipal fiscal impact of defective concrete on property tax base. Affected towns are watching their grand lists shrink as assessed values fall. https://www.journalinquirer.com/connecticut_and_region/concrete-hurts-grandlists/article_d86c6f0c-231d-11e9-a8a5-771dc8f0caca.html

Journal Inquirer — global context for the crisis; international advocates with experience in pyrrhotite contamination visit Connecticut to share what other countries have learned. https://www.journalinquirer.com/connecticut_and_region/world-s-lessons-onconcrete/article_99c5aeb0-e917-11e9-85b9-d791d2ccb8a6.html

One of a property owner’s biggest fears could be their home falling to the ground, but three local towns have teamed up to assist their residents Vernon, Ellington and Stafford receive $480K grant to test crumbling foundations | fox61.com

State of Massachusetts — a formal study documenting the financial and economic impacts on affected homeowners and communities. The problem is not confined to Connecticut. https://www.mass.gov/doc/crumbling-concrete-stakeholder-working-group-final-report/download

CFSIC — the Bond Commission is set to release the final $100 million, with an additional $55 million from the Healthy Homes Fund. Program director Maglaras now estimates affected homes closer to 3,700 than the 35,000 once feared.

CFSIC addresses questions circulating about the program’s future and timeline. Worth reading for anyone with a pending claim or an affected property in the pipeline.