Binding Moratorium: Tropical Depression 13 and 14
Issued On: August 21st, 2020
Effective Date: 04:00 p.m. EST
Territory Impacted: Florida, Texas, Louisiana, Mississippi, Alabama
Lines of Business Impacted: Residential & Commercial Property requiring windstorm coverage, Inland Marine, Cargo and Yachts
Business Type: New Business and Endorsements to lower deductibles or add/increase coverage
Binding Moratorium - Tropical Storm Laura (Tropical Depression 13) and Tropical Depression 14
Effective August 21st, 2020 at 04:00 p.m. EST, London Underwriters will be issuing a New Business and Endorsements binding moratorium for all policies requiring windstorm coverage in the State of Florida, Texas, Louisiana and Mississippi.
The Moratorium applies to both Commercial and Residential lines property business requiring windstorm coverage, including but not limited to the following products: HO6, Commercial Property, Inland Marine, Cargo and Yachts.
This binding moratorium only applies to new business and expired renewals, as well as new additions and/or exposure or limit increases to existing policies. We will communicate any further updates regarding this binding moratorium via email, social media and on our website.
If you have any further questions regarding this binding moratorium, please contact the Business Development team by replying to this email or calling (866) 245-5197.
Binding Moratorium Update: Hurricane Laura
Issued On: August 28th, 2020 Effective Date: 10:00 a.m. EST Binding Moratorium LIFTED: Florida & Texas Territories with Active Binding Moratorium: Louisiana, Mississippi, Alabama, Arkansas and Oklahoma Lines of Business Impacted: Residential & ...
Binding Moratorium Lift: East Coast
Binding Moratorium Lifted - East Coast Issued On: August 5th, 2020 Effective Date: 11:30 a.m. EST Territory Lifted: Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, New Jersey, New York, Connecticut, Massachusetts, New ...
Binding Moratorium: Tropical Storm Beta (Texas & Louisiana)
Issued On: September 18th, 2020 Effective Date: 2:00 p.m. EST Territory Impacted: Texas & Louisiana Lines of Business Impacted: Residential & Commercial Property requiring windstorm coverage, Inland Marine, Cargo and Yachts Business Type: New ...
Binding Moratorium - Tropical Cyclone Three
Issued On: Friday, June 18th, 2021 Effective Date: 11:00 a.m. EST Territory Impacted: Louisiana, Mississippi, Alabama and Florida Panhandle Counties (Escambia, Santa Rosa, Okaloosa, Walton, Holmes, Washington, Bay, Jackson, Calhoun, Gulf, Liberty, ...
LU Lifts Binding Moratorium : Tropical Storm Cristobal
Effective June 9, London Underwriters has lifted the Binding Moratorium due to Tropical Storm Cristobal. The Moratorium applied to new business and expired renewals for business regarding windstorm coverage, including, but not limited to, the ...