City of San Jose Awards Insurance Contract to Princeton Excess & Surplus Lines Insurance Company (September 2026)
City of San JoseCity · San Jose, CA- Disclosed value
- Not-to-exceed $3,851,011, plus 18% contingency; $15 million excess flood coverage on a 50/50 quota share basis
- From minutes
- Approved
- Sep 22, 2026
- Term
- October 1, 2026 – October 1, 2027
- Renews
- Free account
The 30-second brief
San José approved excess flood insurance participation with The Princeton Excess and Surplus Lines Insurance Company. The coverage is part of a $15 million 50/50 quota-share program running through October 2027.
Princeton Excess & Surplus Lines Insurance Company holds this insurance contract with City of San Jose. Its other public contracts on record include work for New Orleans Aviation Board.
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Contract details
- Contract type
- Insurance
- Amount
- Not-to-exceed $3,851,011, plus 18% contingency; $15 million excess flood coverage on a 50/50 quota share basis
- Document date
- September 22, 2026
- Term
- October 1, 2026 – October 1, 2027
- Renews
- On record
- Vendor
- Princeton Excess & Surplus Lines Insurance Company
- Agency
- City of San Jose
- Source document
- City of San Jose Minutes City Council Meeting September 22, 2026 (Minutes)
Princeton Excess & Surplus Lines Insurance Company's other public contracts
More City of San Jose contracts
Questions about this contract
Who was awarded the insurance contract by City of San Jose?
Princeton Excess & Surplus Lines Insurance Company was awarded this insurance contract by City of San Jose, as recorded on September 22, 2026. The contract value is Not-to-exceed $3,851,011, plus 18% contingency; $15 million excess flood coverage on a 50/50 quota share basis.
How much is the Princeton Excess & Surplus Lines Insurance Company contract with City of San Jose worth?
The Princeton Excess & Surplus Lines Insurance Company contract with City of San Jose is valued at Not-to-exceed $3,851,011, plus 18% contingency; $15 million excess flood coverage on a 50/50 quota share basis, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of San Jose Minutes City Council Meeting September 22, 2026 (Minutes), dated September 22, 2026 from City of San Jose. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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