City of Burnaby Financial Management Committee Agenda April 1, 2025
Burnaby Approves AIG for Property and Cyber Liability Insurance
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Description
American International Group Inc. approved as insurer for both property and cybersecurity liability as part of Burnaby's 2025 insurance program renewal.
Contract Details
Contract Amount
Part of $3,448,591 (Main Property Policy premium); $237,200 (Network Security and Privacy Liability Policy)
Vendor
AMERICAN INTERNATIONAL GROUP INC
Agency
City of Burnaby, Canada
Contract Type
INSURANCE
Document Date
April 1, 2025
Contract Term
Annual, commencing May 1, 2025
Renewal Date
2026-05-01
Renewal Info
Annual renewal; network security policy coverage limit increased this cycle.
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