Binding Moratorium Update: Hurricane Laura

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 & 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 Update - Hurricane Laura


Effective August 25th, 2020 at 10:00 a.m. EST, London Underwriters will be updating our New Business and Endorsements binding moratorium for all policies requiring windstorm coverage in the State of Louisiana, Mississippi, Alabama, Arkansas and Oklahoma.

Effective August 25th, 2020 at 10:00 a.m. EST, London Underwriters has lifted the binding moratorium for the State of Florida & Texas.

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. 

    • Related Articles

    • 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 ...
    • Binding Moratorium Lifted - All Territories

      Binding Moratorium Lifted - All Territories Issued On: August 31st, 2020 Effective Date: 9:00 a.m. EST Territory Lifted: Louisiana, Mississippi, Alabama, Arkansas and Oklahoma Lines of Business Available: Residential & Commercial Property requiring ...
    • 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 - Hurricane Sally

      Issued On: September 12th, 2020 Effective Date: 8:00 p.m. EST Territory Impacted: Florida Pan Handle, Louisiana, Alabama, Mississippi and Georgia Lines of Business Impacted: Residential & Commercial Property requiring windstorm coverage, Inland ...
    • Binding Moratorium - Hurricane Delta

      Issued On: October 6th, 2020 Effective Date: 2:00 p.m. EST Territory Impacted: Alabama, Florida Panhandle, Georgia, Louisiana, Mississippi and Texas Lines of Business Impacted: Residential & Commercial Property requiring windstorm coverage, Inland ...