INSURANCEAPPROVED

Terrebonne Parish Budget and Finance Committee Agenda February 23, 2026

Parametric Named Storm Insurance Approved for 2026-27

$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 inceptionTerrebonne ParishFORTEGRA SPECIALTY INSURANCE COMPANYFebruary 23, 2026

Trusted by teams at

Description

Terrebonne Parish Council approved a 2026-27 parametric named storm insurance program with Fortegra Specialty Insurance Company and partners, providing up to $15 million in rapid storm payouts with a premium of up to $746,000 depending on option.

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

FORTEGRA SPECIALTY INSURANCE COMPANY

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

Proposal was non-binding indication, subject to execution and annual renewal as needed; coverage subject to annual procurement/market conditions.

More from FORTEGRA SPECIALTY INSURANCE COMPANY

Related Contracts

David Douglas School District No. 40 Resolution to Select a Property and Casualty Insurance Carrier 2026-06-11

AWARDED

David Douglas School District 40 (Oregon)Included in $70,000 (paid via Brown & Brown)June 11, 2026

Issuing Agency