Committee approves package of insurance renewals; flood quote delayed

The Terrebonne Parish School Board finance committee reviewed and recommended a set of insurance renewals for the 2025–26 policy year and deferred flood insurance while underwriters finalize values.

For excess casualty insurance the committee recommended acceptance of a renewal package with Lloyd’s of London as carrier and Arthur J. Gallagher of Louisiana as broker. The package covers general liability, automobile liability, errors & omissions and abuse/harassment liability; the recommendation lists limits including $2,000,000 per occurrence and a $4,000,000 general aggregate for general liability, $1,000,000 per accident for auto liability (with a $500,000 self‑insured retention), $2,000,000 per claim for errors and omissions and $1,000,000 for…