The non-profit captive insurance company set up to assist homeowners impacted by the ‘crumbling foundations’ issue in Connecticut is seeking board members
A bill proposing additional assistance for homeowners impacted by the ‘crumbling foundations’ issue in Connecticut has been rejected by the state’s judiciary committee
The Connecticut State Bond Commission has approved $350,000 to set up a non-profit captive insurer, which is a state government solution for an issue impacting a reported 5000 homes in the state
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
In a congested US captive market, Connecticut is looking to focus on innovation to separate itself from the field
The captive created to distribute funds to help homeowners impacted by the ‘crumbling foundations’ issue began accepting applications on 10 January
An innovative new captive in Connecticut is helping residents save their homes and may boost the industry’s reputation in the process
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?
