INSURANCEAPPROVED

NYC-New York City Municipal Water Finance Authority Awards Insurance Contract to American International Group Aig (September 2026)

The Authority approved the procurement of Directors’ and Officers’ liability insurance policies from American International Group for up to $300,000 in annual premium to provide $50 million in coverage from June 25, 2026 through June 24, 2027. The broker USI will place the coverage and the CEO or Executive Director may adjust terms within the approved cap.

Document date · September 1, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $300,000 annual premium (including any broker’s fee)
Contract type
INSURANCE
Contract term
June 25, 2026 through June 24, 2027
Renewal date
2027-06-24
Renewal
Single-year placement authorized for the June 25, 2026–June 24, 2027 policy year; future renewals would require new authorization.
Document type
AgendaPacket
Source document
New York City Municipal Water Finance Authority AgendaPacket 2026-09-01

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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 September 1, 2026. The contract value is Not to exceed $300,000 annual premium (including any broker’s 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 $300,000 annual premium (including any broker’s 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 AgendaPacket 2026-09-01 (AgendaPacket), dated September 1, 2026 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.

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

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