04-07-2017 01:36 via insuranceinsider.com

Insurers may face $6.8bn in crumbling cement claims

Homeowners' insurers may face as much as $6.8bn in claims
over failing foundations in Connecticut, where dozens of residents
have joined a lawsuit seeking to force more than 100 carriers to
cover the situation confronting as many as 34,000 property owners
in the Nutmeg State.
Dozens of claimants in the lawsuit assert that their cement
foundations were contaminated with minerals that interact with
oxygen causing the material to crumble and ultimately fail. They
claim their basement walls are in a
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