Insurance Archive
The following business transactions of the Port Authority and its subsidiaries are being reported pursuant to section X (q) (i) of the bylaws.
REPORT:
The following insurance transactions have taken place during the period of October 1, 2010 through December 31, 2010.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Non-Aviation Public Liability Insurance Program (including Terrorism) | 10/27/10 to 10/27/11 |
$15,435,944 | Marsh, USA Inc. | Port Authority Insurance Captive Entity, LLC
Ace Allied World Arch Argo Re Aspen Axis Chartis Chubb Atlantic Endurance Lexington Liberty Mutual Lloyd's of London (Syndicates) Munich Re Swiss Re Torus XL |
| Aviation Public Liability Insurance Program (including Aviation War Risk) | 10/27/10 to 10/27/11 |
$5,090,996 | Marsh, USA Inc. | Ace
Allianz AXA Axis Berkshire Hathaway Great Lakes International Ins. Co. of Hannover Lancashire Lloyds of London (Syndicates) Mitsui National Union Fire Tokio Marine XL |
| Master Contractors' Insurance Program (CIP) -Worker Compensation Coverage: | 12/31/10 to 12/31/11 |
$9,420,586 | Aon Risk Services, Inc. | Port Authority Insurance Captive Entity, LLC
Insurance Company of the State of Pennsylvania |
| Master Contractors' Insurance Program (CIP) - Builders' Risk Coverage: | 12/31/10 to 12/31/11 |
$697,312 | Aon Risk Services, Inc. | Port Authority Insurance Captive Entity, LLC
Lexington Insurance Company |
| Extension of World Trade Center Owner Controlled Insurance Program (WTC OCIP), (includes Transportation Hub (TH), Tower 1 (T1), Memorial Complex (M), and Vehicular Security Center (VSC)) – General Liability Coverage (TH, T1,M): | 1/31/11 to 10/31/15 (TH)
12/31/12 to 8/31/13 (T1) 12/31/11 to 12/31/12 (M) |
$143,400,000 | Aon Risk Services, Inc. | ACE
AWAC Chartis Endurance Lexington Liberty Lloyd's of London Torus XL Zurich |
| WTC OCIP (TH, T1, M,) – Environmental Insurance Coverage: | 12/31/10 to 12/31/15 (TH)
3/31/12 to 3/31/14 (M, T1) |
$1,918,000 | Aon Risk Services, Inc. | ACE
Chartis |
| WTC OCIP (TH, T1, M, VSC) – Workers' Compensation Coverage: | 1/31/11 to 10/31/15 (TH)
3/31/12 to 3/31/15 (T1) 3/31/12 to 9/30/12 (M) 8/31/12 to 10/31/15 (VSC) |
$33,193,000 | Aon Risk Services, Inc. | Chartis |
| WTC OCIP (TH, T1, M, ) – Builders' Risk Coverage: | 12/31/10 to 12/31/15 (TH)
12/31/11 to 8/31/13 (T1) 4/30/11 to 12/31/12 (M) |
$25,478,000 | Aon Risk Services, Inc. | ACE
Arch Axis Chartis GEP Gerling Hiscox Ironshore Lexington Lloyd's of London Munich Partner RE Steadfast Swiss RE Talbot Torus XL Zurich |
| WTC OCIP (TH, T1, M, ) – Terrorism Coverage: | 12/31/10 to 12/31/15 (TH)
12/31/11 to 12/31/15 (M, T1) |
$5,930,000 | Aon Risk Services, Inc. | Axis
Chartis Lexington Lloyd's of London |
REPORT:
The following insurance transactions have taken place during the period of July 1, 2010 through September 30, 2010.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Excess Boiler & Machinery Insurance | 07/01/10 to 07/01/11 |
$66,000 | J.P. West, Inc. | Continental Casualty Company |
| Owner Controlled Insurance Program (OCIP) – WTC Vehicular Security Center General Liability Coverage | 08/31/10 to 08/31/11 |
$5,287,400 | Aon Risk Services, Inc. | ACE Bermuda; ARK Syndicate; Aspen; Assicurazioni Generali; AWAC; Catlin Syndicate; Endurance; GSINDA; Hiscox; Lexington; Liberty Mutual; National Union Fire Insurance Company; Starr; XL Re |
| Owner Controlled Insurance Program (OCIP) – WTC Vehicular Security Center Workers' Compensation Coverage | 08/31/10 to 08/31/11 |
$2,179,647 | Aon Risk Services, Inc. | Insurance Co. of the State of Pennsylvania |
REPORT:
The following insurance transactions have taken place during the period of April 1, 2010 through June 30, 2010.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Master Contractor's Insurance Program (CIP) General Liability Coverage: |
06/01/10 to 06/01/11 |
$26,365,740 | Aon Risk Services, Inc. | Port Authority Insurance Captive Entity, LLC; ARK Syndicate; Aspen; Atrium Syndicate; Lexington UK; XL |
| Property Damage and Loss of Revenue Insurance: | 06/01/10 to 06/01/11 |
$23,672,531 | Marsh USA, Inc. | Port Authority Insurance Captive Entity, LLC; ACE Bermuda; ACE USA; ACE Westchester; Allianz; Allied World Assurance Co.; Alterra; ARCH USA; Aspen Re; AXIS; Berkshire Hathaway; CV Starr; Endurance; Essex; Facultative Re; Glacier Re; Hannover Re; Hiscox US; Infrassure; Ironshore; Korean Re; Lexington; Liberty Mutual; Lloyd's of London; Maiden Re; Montpelier Re; Munich Re; Navigators; Paris Re; Partner Re; RLI Re; RSUI; Swiss Re; Taiping Re; XL Re; Zurich |
| Property Damage and Loss of Revenue Insurance Terrorism Coverage TRIPRA* Coverage |
06/01/10 to 06/01/11 |
$3,263,250 | Marsh USA, Inc. | Port Authority Insurance Captive Entity, LLC; Lexington |
| Fidelity and Computer Fraud Insurance | 04/01/10 to 04/01/11 |
$30,992 | Massey Agency, Inc. | National Union Fire Insurance Company |
*Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA)
REPORT:
The following insurance transactions have taken place during the period of January 1, 2010 through March 31, 2010.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Automobile Liability Insurance | 03/01/10 to 03/01/11 |
$77,092 | Conner Strong Companies, Inc. | St. Paul – Travelers Co. |
