Factory Mutual Renews SEPTA Property Coverage
Southeastern Pennsylvania Transportation AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- Not to exceed $3,427,325 (combined program annual premium and fees)
- From agenda
- Document date
- Sep 24, 2026
- Term
- 13 months beginning October 1, 2026
- Renews
- Free account
The 30-second brief
SEPTA renewed its primary property insurance with Factory Mutual Insurance Company, securing $750 million in coverage above a $3.5 million retention for a 13‑month term starting October 1, 2026. The policy is part of a combined risk program capped at $3,427,325 in annual cost including credits and fees.
Factory Mutual Insurance Company holds this insurance contract with Southeastern Pennsylvania Transportation Authority. Its other public contracts on record include work for City of San Jose.
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Contract details
- Contract type
- Insurance
- Amount
- Not to exceed $3,427,325 (combined program annual premium and fees)
- Document date
- September 24, 2026
- Term
- 13 months beginning October 1, 2026
- Renews
- On record
- Source document
- Southeastern Pennsylvania Transportation Authority Agenda Regular Meeting September 24, 2026 (Agenda)
Factory Mutual Insurance Company's other public contracts
More Southeastern Pennsylvania Transportation Authority contracts
Questions about this contract
Who was awarded the insurance contract by Southeastern Pennsylvania Transportation Authority?
Factory Mutual Insurance Company was awarded this insurance contract by Southeastern Pennsylvania Transportation Authority, as recorded on September 24, 2026. The contract value is Not to exceed $3,427,325 (combined program annual premium and fees).
How much is the Factory Mutual Insurance Company contract with Southeastern Pennsylvania Transportation Authority worth?
The Factory Mutual Insurance Company contract with Southeastern Pennsylvania Transportation Authority is valued at Not to exceed $3,427,325 (combined program annual premium and fees), covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Southeastern Pennsylvania Transportation Authority Agenda Regular Meeting September 24, 2026 (Agenda), dated September 24, 2026 from Southeastern Pennsylvania Transportation Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Factory Mutual Insurance Company hold?
Factory Mutual Insurance Company 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 Southeastern Pennsylvania Transportation Authority currently buying?
Explore Southeastern Pennsylvania Transportation Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
