Rep. Courtney Statement on Supreme Court Ruling Against Homeowners Impacted by Crumbling Foundations Crisis
WASHINGTON, DC – Congressman Joe Courtney (CT-02) released the following statement after the Connecticut Supreme Court ruled against thousands of eastern Connecticut homeowners in a decision that exempts many insurers from having to cover repairs to homes with structural damage caused by crumbling concrete foundations.
“Today’s decisions by the Connecticut Supreme Court unfortunately rewards the insurance industry’s concerted efforts to avoid the risk of crumbling foundations, rather than share the risk across the millions of policy holders,” said Congressman Courtney. “As major stakeholders who stand to lose market value the longer this problem festers, hopefully the industry will take a longer view and step up as they should to join state, local and federal officials who have provided tangible relief to fix this problem.”
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