INSURANCEAPPROVED

Connecticut Insurance Department | State Insurance Risk Management Board Awards Insurance Contract to FM (September 2025)

The State Insurance & Risk Management Board approved renewal of the State’s Master Property policy with FM at an annual premium of $11,051,667 effective October 15, 2025. The longstanding 25-year partnership yielded a 20% membership credit and a resilience credit, offsetting higher insured values for state properties.

Document date · September 16, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$11,051,667 annual premium
Contract type
INSURANCE
Contract term
Effective 10/15/2025 for one year
Renewal date
2026-10-15
Renewal
Annual master property policy renewal with FM for the State of Connecticut, featuring a 20% membership credit and resilience credit due to a 25-year continuous relationship; renewal rates held flat despite higher total insured values.
Document type
Minutes
Source document
state_insurance_risk_management_board_minutes_sept.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Connecticut Insurance Department | State Insurance Risk Management Board?

FM was awarded this insurance contract by Connecticut Insurance Department | State Insurance Risk Management Board, as recorded on September 16, 2025. The contract value is $11,051,667 annual premium.

How much is the FM contract with Connecticut Insurance Department | State Insurance Risk Management Board worth?

The FM contract with Connecticut Insurance Department | State Insurance Risk Management Board is valued at $11,051,667 annual premium, covering insurance work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in state_insurance_risk_management_board_minutes_sept.pdf (Minutes), dated September 16, 2025 from Connecticut Insurance Department | State Insurance Risk Management Board. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FM hold?

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

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