Crumbling Foundations is no new issue in Connecticut, but on Friday March 8th, two state legislative committees held a joint public hearing on nine different bills currently aimed at addressing this long standing problem.
Some of the bills discussed on Friday address insurance companies, which have mostly taken the position that their policies do not cover these crumbling basements. Although it has not been addressed in the various bills under consideration, a move to initiate a Connecticut Unfair Insurance Practices Act investigation into the insurance industry’s refusal to cover the crumbling basement claims has been a hot topic of discussion.
Visit our Insurance & Reinsurance Blog for the latest news and developments.Visit the blog
Sign up for our newsletter and get the latest to your inbox.