NYC-Tobacco Settlement Asset Securitization Corporation Awards Insurance Contract to American International Group Aig (September 2024)
NYC-Tobacco Settlement Asset Securitization CorporationCity · New York, NY- Disclosed value
- Not to exceed $400,000 annual premium; $50,000,000 of coverage
- From agendapacket
- Approved
- Sep 26, 2024
- Term
- June 25, 2024 – June 24, 2025
The 30-second brief
TSASC’s Board authorized procurement of Directors’ and Officers’ Liability Insurance from AIG or similarly rated carriers, providing $50 million in coverage for one year with premiums capped at $400,000. The policies protect directors, members, and officers against personal financial liability arising from their service.
American International Group Aig holds this insurance contract with NYC-Tobacco Settlement Asset Securitization Corporation. Its other public contracts on record include work for NYC-New York City Municipal Water Finance Authority.
Term as filed: June 25, 2024 – June 24, 2025.
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Contract details
- Contract type
- Insurance
- Amount
- Not to exceed $400,000 annual premium; $50,000,000 of coverage
- Document date
- September 26, 2024
- Term
- June 25, 2024 – June 24, 2025
- Source document
- TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26 (AgendaPacket)
American International Group Aig's other public contracts
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Questions about this contract
Who was awarded the insurance contract by NYC-Tobacco Settlement Asset Securitization Corporation?
American International Group Aig was awarded this insurance contract by NYC-Tobacco Settlement Asset Securitization Corporation, as recorded on September 26, 2024. The contract value is Not to exceed $400,000 annual premium; $50,000,000 of coverage.
How much is the American International Group Aig contract with NYC-Tobacco Settlement Asset Securitization Corporation worth?
The American International Group Aig contract with NYC-Tobacco Settlement Asset Securitization Corporation is valued at Not to exceed $400,000 annual premium; $50,000,000 of coverage, 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 TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26 (AgendaPacket), dated September 26, 2024 from NYC-Tobacco Settlement Asset Securitization Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is NYC-Tobacco Settlement Asset Securitization Corporation currently buying?
Explore NYC-Tobacco Settlement Asset Securitization Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.