board_of_airport_commissioners_regular_meeting_age.pdf
Lexington Insurance to Cover LAWA Property Risks
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Description
The Board will place LAWA’s General All‑Risk Property, Earthquake, Boiler and Machinery, and Business Interruption coverages with Lexington Insurance for FY 2019–2020 at a premium of about $4.52 million plus fees. The program includes self‑insured deductibles up to $100,000 per claim or $700,000 annually.
Contract Details
Contract Amount
$4,519,330 (premium, plus applicable fees and taxes); SIR/deductibles up to $100,000 per claim or $700,000 per policy year
Vendor
LEXINGTON INSURANCE
Agency
Los Angeles World Airports, CA
Contract Type
INSURANCE
Document Date
December 18, 2025
Contract Term
July 1, 2019 through June 30, 2020
Renewal Date
2020-06-30
Renewal Info
Annual property/casualty placement for FY 2019–2020.
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