City of Houston City Council Meeting Agenda March 17, 2026
AIG joins Houston’s layered 2026 general property insurance program
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Description
Houston City Council accepted AIG Specialty Insurance Company’s proposal as part of a $21.37 million layered property insurance program covering City-owned facilities (excluding Houston First leases) from April 1, 2026 to April 1, 2027. The program provides $200 million in all‑risk property coverage on a $13.05 billion portfolio.
Contract Details
Contract Amount
Portion of total $21,366,371.95 layered program premium
Vendor
AIG SPECIALTY INSURANCE COMPANY
Agency
City of Houston city, TX
Contract Type
INSURANCE
Document Date
March 17, 2026
Contract Term
April 1, 2026 to April 1, 2027
Renewal Date
2027-04-01
Renewal Info
One‑year layered property program; future renewals will require new proposals or extensions.
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