Niagara Frontier Transportation Authority Audit, Governance and Finance Committee Agenda April 2026
Excess liability coverage renewed with Lexington
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Description
NFTA renewed its multi-layer excess liability insurance program including Lexington Insurance Co. for the April 1, 2026 to March 31, 2027 term, with total premiums of about $3.32 million. The renewal represents a 7.8% increase over the prior year’s excess liability cost.
Contract Details
Contract Amount
$3,319,800.81
Vendor
LEXINGTON INSURANCE CO
Agency
Niagara Frontier Transportation Authority, NY
Contract Type
INSURANCE
Document Date
April 23, 2026
Contract Term
April 1, 2026 to March 31, 2027
Renewal Date
2027-03-31
Renewal Info
Excess liability program renewed for FY 4/1/2026–3/31/2027 with increased premium; additional renewal options not detailed.
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