CONTRACTPENDING

Sompo Named in Proposed County Property Renewal

Collier County logoCollier County
Disclosed value
10% or $2,500,000 part of $25,000,000 Excess $50,000,000
From report
Document date
Apr 1, 2025
Term
April 1, 2025 – April 1, 2026

The 30-second brief

What it covers

Collier County is preparing its 2025-2026 property insurance renewal with Sompo as a proposed participating insurer. Sompo would provide a $2.5 million participation in the excess property program for the April 1, 2025-April 1, 2026 policy period.

Who holds it

SOMPO holds this insurance contract with Collier County. Its other public contracts on record include work for California Earthquake Authority and Grand River Dam Authority | State of Oklahoma.

What happens next

Term as filed: April 1, 2025 – April 1, 2026.

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Contract details

Contract type
Insurance
Amount
10% or $2,500,000 part of $25,000,000 Excess $50,000,000
Document date
April 1, 2025
Term
April 1, 2025 – April 1, 2026
Vendor
SOMPO
Source document
collier-county-property-insurance-program-renewal-report_2a3.pdf (Report)

SOMPO's other public contracts

More Collier County contracts

Questions about this contract

Who was awarded the insurance contract by Collier County?

SOMPO was awarded this insurance contract by Collier County, as recorded on April 1, 2025. The contract value is 10% or $2,500,000 part of $25,000,000 Excess $50,000,000.

How much is the SOMPO contract with Collier County worth?

The SOMPO contract with Collier County is valued at 10% or $2,500,000 part of $25,000,000 Excess $50,000,000, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a report record.

Where was this contract approved?

This contract appears in collier-county-property-insurance-program-renewal-report_2a3.pdf (Report), dated April 1, 2025 from Collier County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does SOMPO hold?

SOMPO may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Collier County currently buying?

Explore Collier County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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