Travelers Cos. heeds state’s call for foundations repair fund participation

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A $5 million fund from Hartford-based Travelers Cos. will assist Connecticut customers whose homes exhibit concrete deterioration associated with expansion attributed to pyrrhotite, an iron sulfide-bearing compound identified in aggregate from a Willington, Conn. quarry. The voluntary Travelers Benefit Program offers up to $25,000 and $10,000, respectively, to current and past policyholders whose repair costs exceed awards from the recently launched Connecticut Foundations Solutions Indemnity Company (CFSIC).

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