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"The crumbling foundation crisis is a widespread and complex problem that requires all stakeholders to be a part of the solution," Governor Malloy said in a press release. "These commitments from The Hartford and Liberty Mutual represent significant progress for affected homeowners, and I applaud both companies for stepping up. (Photo: iStock) “The crumbling foundation crisis is a widespread and complex problem that requires all stakeholders to be a part of the solution,” Governor Malloy said in a press release. “These commitments from The Hartford and Liberty Mutual represent significant progress for affected homeowners, and I applaud both companies for stepping up. (Photo: iStock)

Governor Dannel P. Malloy and Attorney General George Jepsen announced that the state of Connecticut has entered into separate memoranda of understanding with The Hartford and Liberty Mutual Insurance to provide supplemental financial assistance to current and former policyholders who file claims and receive awards to remediate their crumbling concrete foundations through the state’s new captive insurance program.

Denny Jacob

Denny Jacob is a staff reporter for PropertyCasualty360.com. Contact him at djacob@alm.com.

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