Crumbling Foundation Insurance Workshop Slated For Saturday

ELLINGTON, CT — The Connecticut Coalition Against Crumbling Basements has scheduled a meeting for for Saturday at Ellington High School.

The gathering is set for the auditorium beginning at 10 a.m. It is open to the public.

Michael Maglaras, the superintendent of the Captive Insurance firm overseeing claims and homeowner assistance, is scheduled to discuss underwriting guidelines and the process, eligibility, and also respond to questions from homeowners.

The crumbling foundation epidemic in north central Connecticut and parts of eastern Connecticut has been traced to the 1980s into the 1990s with a bad batch of concrete from a Stafford quarry.

The insurance company managing crumbling foundation assistance in Connecticut — the Connecticut Foundation Solutions Indemnity Company, LLC — is run by a board of directors than includes a real estate professional, a homeowner impacted by crumbling foundations, a chief executive of a municipality or the designee of a chief executive, a registered investment adviser, the executive director of the Capitol Region Council of Governments or a designee, the executive director of the Eastern Region Council of Governments or a designee, a representative from the insurance industry having no relationship with any bank or insurance company that has financial interest in crumbling matters, and a representative from the banking industry having no relationship with any bank or insurance company that has financial interest in crumbling matters.

Photo Credit: Chris Dehnel

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