NYC-Tobacco Settlement Asset Securitization Corporation Awards Insurance Contract to American International Group Aig (September 2024)

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.

Document date · September 26, 2024

Track NYC-Tobacco Settlement Asset Securitization Corporation contracts

Get alerts when new contracts are awarded or existing ones approach renewal at NYC-Tobacco Settlement Asset Securitization Corporation.

Get started free

Create a free account · no credit card

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $400,000 annual premium; $50,000,000 of coverage

Contract type

INSURANCE

Contract term

June 25, 2024 – June 24, 2025

Renewal date

2025-06-24

Renewal

Single-year policy term from June 25, 2024 to June 24, 2025; future renewals or placements would require separate Board approval.

Document type

AgendaPacket

Source document

TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26

Related contracts

Other contracts from American International Group Aig.

View all →

New York City Municipal Water Finance Authority AgendaPacket 2026-09-01

APPROVED

NYC-New York City Municipal Water Finance Authority, New YorkNot to exceed $300,000 annual premium (including any broker’s fee)Sep 1, 2026

New York City Municipal Water Finance Authority Agenda Packet 2025-10-06

APPROVED

NYC-New York City Municipal Water Finance Authority, New YorkNot to exceed $325,000 annual premium (aggregate for all insurers, plus broker fee)Oct 6, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

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.

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-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.

View NYC-Tobacco Settlement Asset Securitization Corporation's profile