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INSURANCEAPPROVED

NYC-New York City Municipal Water Finance Authority Awards Insurance Contract to American International Group Aig (October 2025)

The Authority approved procurement of Directors’ and Officers’ liability insurance from American International Group (AIG) as part of a $50 million coverage tower for June 25, 2025 through June 24, 2026, with total premiums and fees capped at $325,000. This insurance supplements statutory indemnification for Authority directors, officers, and employees.

Document date · October 6, 2025

Issuing agencyNYC-New York City Municipal Water Finance AuthorityVendorAmerican International Group Aig

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Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $325,000 annual premium (aggregate for all insurers, plus broker fee)
Contract type
INSURANCE
Contract term
June 25, 2025 – June 24, 2026
Renewal date
2026-06-24
Renewal
Single one-year policy period from June 25, 2025 through June 24, 2026; any further terms or renewals would require new action or administrative procurement.
Document type
AgendaPacket
Source document
New York City Municipal Water Finance Authority Agenda Packet 2025-10-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by NYC-New York City Municipal Water Finance Authority?

American International Group Aig was awarded this insurance contract by NYC-New York City Municipal Water Finance Authority, as recorded on October 6, 2025. The contract value is Not to exceed $325,000 annual premium (aggregate for all insurers, plus broker fee).

How much is the American International Group Aig contract with NYC-New York City Municipal Water Finance Authority worth?

The American International Group Aig contract with NYC-New York City Municipal Water Finance Authority is valued at Not to exceed $325,000 annual premium (aggregate for all insurers, plus broker fee), covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New York City Municipal Water Finance Authority Agenda Packet 2025-10-06 (AgendaPacket), dated October 6, 2025 from NYC-New York City Municipal Water Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American International Group Aig hold?

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

View American International Group Aig's profile

What is NYC-New York City Municipal Water Finance Authority currently buying?

Explore NYC-New York City Municipal Water Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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