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.

Back to most recent reports

  • 10/01/14 to
    12/31/14
  • 7/01/14 to
    9/30/14
  • 04/01/14 to
    06/30/14
  • 01/01/14 to
    03/31/14
  • Older
    Listings

REPORT:

The following insurance transactions have taken place during the period of October 1, 2014 through
December 31, 2014.

POLICY/COVERAGE TERM PREMIUM
AMOUNT
BROKER INSURANCE CARRIER(S)
Non-Aviation Public Liability Insurance Program (excluding Terrorism) 10/27/14
to 10/27/15
$12,501,596 Marsh USA Port Authority Insurance Captive Entity, LLC
ACE
AIG
Allied World
Arch
Argo Re
Aspen
Chubb
Endurance
Iron-Starr
Lexington
Liberty Mutual
Lloyd’s of London Syndicates (Various)
Munich Re
Swiss Re
Torus
XL
Non-Aviation Public Liability Insurance Program - Terrorism 12/19/14
to 10/27/15
$3,568,767 Marsh USA Port Authority Insurance Captive Entity, LLC
Berkshire Hathaway
Aviation Public Liability Insurance Program (including Aviation War Risk) 10/27/14
to 10/27/15
$3,841,224 Marsh USA ACE
Axa
Axis
Global Aerospace
Inernational Ins. Co. of Hannover
Ironshore
Lancashire
Lloyd’s of London Syndicates (Various)
National Union Fire
Starr
Torus
XL
Directors and Officers Liability Insurance 12/31/14
to
12/31/15
$795,005 Beecher
Carlson
ACE
AIG
Arch
Axis
Berkshire Hathaway
Endurance
Freedom
HCC
Swiss Re
XL
World Trade Center Owner Controlled Insurance Program (WTC OCIP) –Memorial Complex – General Liability (GL) 10/31/14
to
10/31/15
$300,000 Aon Risk
Services
Lexington
WTC OCIP – Tower 1 – GL 12/31/14
to
10/31/15
$2,271,470 Aon Risk Services ACE
Aegis
AIG
Aspen
Generali
Lexington

REPORT:

The following insurance transactions have taken place during the period of July 1, 2014 through September 30, 2014.

POLICY/COVERAGE TERM PREMIUM
AMOUNT
BROKER INSURANCE CARRIER(S)
Boiler & Machinery Insurance 7/01/14
to 7/01/15
$64,489 E.G. Bowman Co., Inc. Liberty Mutual
Travel Accident Insurance 7/15/14
to 7/15/17
$17,515 The Taylor Group, Inc. National Union Fire
World Trade Center – Vehicular Security Center – Excess Property Insurance 8/1/14
to 3/31/15
$482,727 Willis of New York Ace
CICC
Lexington
Liberty Mutual
Lloyd’s of London Syndicates (various)
XL

REPORT:

The following insurance transactions have taken place during the period of April 1, 2014 through June 30, 2014.

POLICY/COVERAGE TERM PREMIUM
AMOUNT
BROKER INSURANCE CARRIER(S)
Property Damage and Loss of Revenue Insurance: 6/1/2014
to 6/1/2015
$33,968,001 Marsh USA, Inc. Port Authority Insurance Captive Entity, LLC
Ace
Arch
Ariel
Aspen
AWAC
Axis
Berkley
Berkshire Hathaway
Catlin
Chubb
Colony
CPIC
CV Starr
Essex
Everest Re
Great Lakes
Hannover Re
Hudson
Ironshore
Kinsale
Lexington
Liberty Mutual
Lloyd's of London Syndicates (multiple)
Markel
Montpelier Re
Munich Re
Partner Re
R+V Versicherung
RSUI
Swiss Re
Taiping Re
Transatlantic Re
XL
Zurich
Property Damage and Loss of Revenue Insurance Terrorism Coverage TRIA* Coverage 6/1/2014
to 6/1/2015
$2,203,662 Marsh USA, Inc. Port Authority Insurance Captive Entity, LLC
Beazley
Lexington
Lloyd's of London Syndicates (multiple)
Employee Dishonesty (Fidelity) and Computer Fraud Insurance 04/01/14
to 04/01/15
$59,792 E.G. Bowman Co., Inc. Zurich
Owner Controlled Insurance Program (OCIP) – Master (All Facilities) – General Liability 6/1/2014
to 6/1/2017
$49,814,157** Willis Group Port Authority Insurance Captive Entity, LLC
Berkshire Hathaway
Generali
Ironshore
Lexington
Liberty E&S
Lloyd's of London Syndicates (multiple)
Markel
Starr
XL
OCIP – Master (All Facilities) – Builders Risk 6/1/2014
to 6/1/2017
$3,193,423** Willis Group National Union
OCIP – Master (All Facilities) – Workers' Compensation 6/1/2014
to 6/1/2017
$7,514,922** Willis Group AIG
OCIP – Bayonne Bridge Navigational Clearance Program – Excess Liability 6/1/2014
to 6/1/2017
$1,350,000 Willis Group Ironshore
Markel
Starr
XL
OCIP – World Trade Center (WTC) Memorial – Liability 03/31/07
to 12/31/11
$457,248*** Aon Risk Services Lexington
  12/31/11
to 12/31/12
$1,034,083*** Aon Risk Services Aspen
Lexington
OCIP – WTC Memorial – Builders Risk 08/31/13
to 09/20/13
$1,992*** Aon Risk Services Munich Re
  04/30/07
to 12/31/11
$36,206*** Aon Risk Services Hannover Re
  08/31/13
to 03/31/14
$17,215*** Aon Risk Services Ace
Axis
OCIP – WTC Tower 1 – Builders Risk 04/30/07
to 12/31/11
$84,480*** Aon Risk Services Hannover Re
  04/30/07
to 12/31/11
$40,167*** Aon Risk Services Ace
Axis
OCIP – WTC Transportation Hub – Liability 01/31/06
to 01/31/11
$2,207,453*** Aon Risk Services Lexington
  01/31/11 to 10/31/15 $11,930,159*** Aon Risk Services Aspen

*Terrorism Risk Insurance Act (TRIA)

**Premium based on estimated construction contract values

***Additional premium, taxes, and stamping fees paid as a result of variance in estimated and actual construction contract values

REPORT:

The following insurance transactions have taken place during the period of January 1, 2014 through March 31, 2014.

POLICY/COVERAGE TERM PREMIUM
AMOUNT
BROKER INSURANCE CARRIER(S)
Executive Automobile Liability Insurance 03/01/14 to 03/01/15 $63,496 Conner Strong & Buckelew Companies, Inc. Travelers Indemnity Co.
PATH Accidental Death & Dismemberment Insurance 3/22/14
to 3/22/17
$2,250 Alliant Insurance Services, Inc. Hartford Life and Accident Insurance Co.
WTC OCIP Workers' Compensation Insurance – Tower 1, Memorial, & Transportation Hub 1/31/14 to 1/31/15 $11,685,854 Aon Risk Services Northeast AIG
WTC OCIP General Liability Insurance – Transportation Hub 1/31/14 to 1/31/15 $12,155,000 Aon Risk Services Northeast ACE
Aegis
AIG
Allied World
Argo
Aspen
Endurance
Generali
Lexington
Liberty Mutual
Starr
Torus
XL
WTC Property Damage & Loss of Revenue All-Risk Insurance 3/31/14
to 3/31/15
$10,715,562 Willis of New York Ace
AIG
Allianz
Arch
Ariel
Aspen
Axis
Chubb
Commonwealth
Continental Casualty Company (CNA)
Everest
Hannover Re
Hiscox
Ironshore
Lexington
Lloyds of London Syndicates (multiple)
Markel
Maxum
Mitsui
Munich Re
National Fire & Marine
PICC
Port Authority Insurance Captive Entity (PAICE)
QBE
RSUI
Samsung
Scottsdale
Seneca
Swiss Re
Tokio Marine
XL
Zurich
WTC Property Damage & Loss of Revenue Terrorism Insurance 3/31/14 to 3/31/15 $13,500,000 Willis of New York Lancashire
Lexington
Lloyd's of London Syndicates (multiple)
PAICE
XL

Web Site Disclaimer
© 2001-CurrentYear The Port Authority of New York and New Jersey. All Rights Reserved.

The Port Authority of New York and New Jersey
(212) 435-7000  •  4 World Trade Center, 150 Greenwich Street, New York, NY 10007