Sompo Continues in FY24 Med Mal Excess Layer
University Of Illinois System OfficesHigher Ed · Urbana, IL- Disclosed value
- Cost of risk transfer: $3,718,896 (shared among all FY2024 medical professional excess carriers)
- From report
- Document date
- Nov 16, 2023
- Term
- FY2024
The 30-second brief
Sompo continues as an excess carrier in the University of Illinois System’s FY2024 medical professional liability tower, contributing to $80 million in excess limits above the self-insured retention. The coverage helps manage catastrophic malpractice risks.
SOMPO holds this insurance contract with University Of Illinois System Offices. Its other public contracts on record include work for California Earthquake Authority and Grand River Dam Authority | State of Oklahoma.
Term as filed: FY2024.
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Contract details
- Contract type
- Insurance
- Amount
- Cost of risk transfer: $3,718,896 (shared among all FY2024 medical professional excess carriers)
- Document date
- November 16, 2023
- Term
- FY2024
- Vendor
- SOMPO
- Source document
- University of Illinois System Office of Risk Management Annual Report FY 2023 2023-11-16 (Report)
SOMPO's other public contracts
More University Of Illinois System Offices contracts
Questions about this contract
Who was awarded the insurance contract by University Of Illinois System Offices?
SOMPO was awarded this insurance contract by University Of Illinois System Offices, as recorded on November 16, 2023. The contract value is Cost of risk transfer: $3,718,896 (shared among all FY2024 medical professional excess carriers).
How much is the SOMPO contract with University Of Illinois System Offices worth?
The SOMPO contract with University Of Illinois System Offices is valued at Cost of risk transfer: $3,718,896 (shared among all FY2024 medical professional excess carriers), covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a report record.
Where was this contract approved?
This contract appears in University of Illinois System Office of Risk Management Annual Report FY 2023 2023-11-16 (Report), dated November 16, 2023 from University Of Illinois System Offices. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does SOMPO hold?
SOMPO 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 University Of Illinois System Offices currently buying?
Explore University Of Illinois System Offices's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.