EDITORIAL: Travelers to the rescue of homeowners with crumbling foundations
Travelers is putting
The Travelers money is meant to supplement the state's own generous aid. The state has promised
Qualifying homeowners will receive up to
This is much-needed help. There are few if any other places for affected homeowners to turn to for financial help with their most valuable possession. The danger is that many homeowners will walk away from their homes if they can't afford to replace their foundations. That could be a disaster for the region and the state.
Many homeowners have no idea who poured their foundations or where the concrete came from. State Attorney General
Meanwhile, insurance companies are denying homeowner claims, saying they cover damage from sudden accidents such as hurricanes, not slow-motion ones. Nevertheless, a class-action lawsuit that pits several homeowners against insurance companies is making its way through federal court in
Insurers will have to be part of the solution to
Travelers also rescued the state's PGA Tour tournament a dozen years ago when it needed a sponsor. The Travelers Championship is now the state's signature sporting event and was named 2017 PGA Tour tournament of the year.
And Travelers was one of three major
"We are an insurance company that cares," Travelers says on its website. It's proving to be a caring corporate citizen to the state where it was born.
___
(c)2018 The Hartford Courant (Hartford, Conn.)
Visit The Hartford Courant (Hartford, Conn.) at www.courant.com
Distributed by Tribune Content Agency, LLC.
William Wahl Named Vice President Of Commercial Mortgage Loans At Boston Mutual Life
Forensic Weather Consultants Launches Automated Forensic Hurricane Reports for Any Address to Help with Hurricane Michael and Florence Insurance Claims
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News