NYC-Tobacco Settlement Asset Securitization Corporation Awards Financial Services Contract to Usi Insurance Services LLC (September 2024)
NYC-Tobacco Settlement Asset Securitization CorporationCity · New York, NY- Disclosed value
- Annual premium not to exceed $400,000 for $50,000,000 of coverage (broker-compensated within premium)
- From agendapacket
- Approved
- Sep 26, 2024
The 30-second brief
TSASC authorized USI Insurance Services LLC to broker its 2024–2025 Directors’ and Officers’ Liability Insurance program, arranging $50 million in coverage with annual premiums capped at $400,000. The broker will place coverage with AIG, Zurich, Liberty Mutual, Aspen, or similar carriers.
Usi Insurance Services LLC holds this financial services contract with NYC-Tobacco Settlement Asset Securitization Corporation. Its other public contracts on record include work for Brooke County and Greater Cleveland Regional Transit Authority.
Term as filed: June 25, 2024 – June 24, 2025 (for the placed D&O program).
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Contract details
- Contract type
- Financial Services
- Amount
- Annual premium not to exceed $400,000 for $50,000,000 of coverage (broker-compensated within premium)
- Document date
- September 26, 2024
- Term
- June 25, 2024 – June 24, 2025 (for the placed D&O program)
- Source document
- TSASC, Inc. AgendaPacket Meeting of the Members, Audit Committee, Governance Committee, and Board of Directors 2024-09-26 (AgendaPacket)
Usi Insurance Services LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by NYC-Tobacco Settlement Asset Securitization Corporation?
Usi Insurance Services LLC was awarded this financial services contract by NYC-Tobacco Settlement Asset Securitization Corporation, as recorded on September 26, 2024. The contract value is Annual premium not to exceed $400,000 for $50,000,000 of coverage (broker-compensated within premium).
How much is the Usi Insurance Services LLC contract with NYC-Tobacco Settlement Asset Securitization Corporation worth?
The Usi Insurance Services LLC contract with NYC-Tobacco Settlement Asset Securitization Corporation is valued at Annual premium not to exceed $400,000 for $50,000,000 of coverage (broker-compensated within premium), covering financial services work.
What type of contract is this?
This is a Financial Services 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 Usi Insurance Services LLC hold?
Usi Insurance Services LLC 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.