City of Thibodaux Resolution Authorizing Mayor to Sign Fire and Property Insurance Contract
Lloyd’s Selected for Thibodaux 2026-2027 Coverage
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Description
The City of Thibodaux approved placement of its 2026-2027 fire and property insurance coverage with Underwriters at Lloyd’s, at an annual premium of $323,738.00. The contract provides a $20,000,000 coverage limit for $59,226,574 in insured property values.
Contract Details
Contract Amount
$323,738.00 annual premium
Vendor
UNDERWRITERS AT LLOYD’S
Agency
Thibodaux city, LA
Contract Type
INSURANCE
Document Date
January 1, 2026
Contract Term
2026-2027; coverage beginning June 1, 2026
Renewal Date
2027-06-01
Renewal Info
Renewal placement of fire and property insurance with Underwriters at Lloyd’s for the 2026-2027 policy year, following expiration of the prior policy on June 1, 2026. Any continuation beyond this term will require new approval.
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