Committee Meeting Insurance 3.9.26

Ascension Parish Insurance/Facilities Committee · March 9, 2026

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Meeting opens; context and materials

Presentation

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A presenter explained the timing for insurance renewals (premiums due April 1), referenced committee materials and a spreadsheet prepared by 'Miss Murphy,' and noted recent additions to total insured value will affect premiums and coverage needs.

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Committee reviewed Ascension Parish property insurance renewals, recommended keeping $100 million all-risk coverage with a $25 million named-storm sublimit and a 2% storm deductible (reducing the premium versus last year); the committee approved that recommendation and approved boiler/machinery coverage while tabling a separate terrorism-coverage decision for later review.

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Transcript

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