Connecticut crumbling foundations News

Head of Connecticut Crumbling Foundations Program to Stay on the Job

The head of an assistance program for Connecticut homeowners with crumbling foundations has delayed his departure from the organization. The Journal Inquirer reports that Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Co., had originally planned to resign this …

First Connecticut Crumbling Foundation Repaired with State’s Help

Work has been completed on the first Connecticut home with a crumbling foundation, using funds from a captive insurance company created by the General Assembly in 2017. It took about six weeks to replace Kevin and Aisling McCloskey’s basement in …

Some Connecticut Condo Associations Can Seek Crumbling Foundation Help

Some Connecticut condominium associations with crumbling foundations can seek financial help from the captive insurance company that’s been helping owners of stand-alone homes. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company Inc., announced Monday that associations can apply …

Connecticut Crumbling Foundations Fund Receives Delayed $19M

The new entity charged with overseeing the distribution of state funds to help Connecticut homeowners with crumbling foundations has finally received a long-awaited $19 million. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company, told The Associated Press on …

Connecticut Lawmakers Create ‘Insurance Company’ to Help Homeowners

Connecticut legislators are looking to help hundreds, if not thousands, of homeowners whose foundations are crumbling because of an iron sulfide found in the concrete by creating the state’s own insurance company. The newly minted state budget includes language establishing …