Terrebonne Parish Budget and Finance Committee Agenda February 23, 2026
Lloyd's Participates in Parish Parametric Storm Cover
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Description
Certain Underwriters at Lloyd’s, London are participating in the 2026-27 parametric named storm insurance for Terrebonne Parish, part of a council-approved $15 million coverage.
Contract Details
Contract Amount
$746,000 (Option D, for $15,000,000 limit), $531,000 (Option E), $435,000 (Option F); premium option chosen as of approval not specified, premium fully earned at inception
Vendor
CERTAIN UNDERWRITERS AT LLOYD'S LONDON
Agency
Terrebonne Parish, LA
Contract Type
INSURANCE
Document Date
February 23, 2026
Contract Term
March 1, 2026 – March 1, 2027
Renewal Date
2027-03-01
Renewal Info
Coverage is quoted annually and can be renewed; this action is for 2026-2027 policy year.
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