What are the CAT Underwriting updates for the entire state of Louisiana?
Beginning 7/1/22, the following changes apply:
- No frame construction
- No Joisted Masonry construction
- Remaining qualifying accounts have updated minimum wind deductible of 5%/$5k
- There are no immediate changes to business interruption limits
- Roof valuation: Actual Cash Value in lieu of replacement cost
- No new business as of July 1, 2022
- No account larger than $1mil TIV (previously was $2mil)
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