LU Binding Moratorium: Tropical Storm Cristobal

LU Binding Moratorium: Tropical Storm Cristobal

Issued On: June 3rd, 2020

Effective Date: 5:00 p.m. EST

Territory Impacted: 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 Update - Tropical Storm Cristobal


Effective June 3rd, 2020 at 5:00 p.m. EST, London Underwriters will be issuing a New Business and Endorsement Binding Moratorium for all policies requiring windstorm coverage in the states of Texas, Louisiana, Mississippi, and Alabama.

The Moratorium applies to both Commercial and Residential lines of property business requiring windstorm coverage, including, but not limited to, the following products: Commercial Property, Residential Property including HO6, 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 emailing marketing@londonuw.com or calling (866) 245-5197. 

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