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.
The following insurance transactions have taken place during the period of April 1, 2012 through June 30, 2012.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Property Damage and Loss of Revenue Insurance | 06/01/12 to 06/01/13 |
$22,979,099 | Marsh USA, Inc. | Port Authority Insurance Captive Entity, LLC; Ace; Alterra; Amlin Syndicate; Arch; Ark Syndicate; Ascot Syndicate; Aspen Re; AWAC; Axis; Beaufort Syndicate; Berkley; Brit Syndicate; Canopius Syndicate; Catlin; Chaucer Syndicate; China Re; Chubb; Commonwealth; Essex; Everest Re; Faraday Syndicate; GEP Syndicate; Hannover Re; Hardy Syndicate; HCC Syndicate; Hiscox; Infrassure; Ironshore; Korean Re; Lancashire; Lexington; Liberty Mutual; Maiden Re; Montpelier Re; Munich Re; Navigators; Partner Re; PICC; QBE Syndicate; R+V Versicherung; Renaissance Re Syndicate; RLI Re; RSUI; Scottsdale; Starr; Swiss Re; Taiping Re; Talbot Syndicate; Tokio Marine; Tokio Syndicate; Torus; Transatlantic Re; Travelers Syndicate; WR Berkley Syndicate; XL Re; Zurich |
| Property Damage and Loss of Revenue Insurance Terrorism Coverage TRIPRA* Coverage | 06/01/12 to 06/01/13 |
$3,598,587 | Marsh USA, Inc. | Port Authority Insurance Captive Entity, LLC; Lexington |
| Fidelity and Computer Fraud Insurance | 04/01/12 to 04/01/13 |
$61,861 | E.G. Bowman Co., Inc. | Zurich |
The following insurance transactions have taken place during the period of January 1, 2012 through March 31, 2012.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Automobile Liability Insurance | 03/01/12 to 03/01/13 | $79,140 | Conner Strong & Buckelew Companies, Inc. | St. Paul Fire & Marine Insurance Co. |
The following insurance transactions have taken place during the period of April 1, 2012 through June 30, 2012.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Non-Aviation Public Liability Insurance Program (including Terrorism) | 10/27/11 to 10/27/12 | $15,253,428 | Marsh, USA Inc. | Port Authority Insurance Captive Entity, LLC; Ace; Allied World; Arch; Argo Re; Aspen; Axis; Chartis; Chubb; Endurance; Iron Starr; Lexington; Liberty Mutual; Lloyd's of London (Syndicates); Swiss Re; Torus; XL |
| Aviation Public Liability Insurance Program (including Aviation War Risk) | 10/27/11 to 10/27/12 | $4,936,527 | Marsh, USA Inc. | Ace; Allianz; AXA; Axis; Berkshire Hathaway; C.V. Starr; Great Lakes; International Ins. Co. of Hannover; Lancashire; Lloyds of London (Syndicates); National Union Fire; Tokio Marine; XL |
| Master Contractors' Insurance Program (CIP) -Worker Compensation Coverage: | 12/31/11 to 12/31/12 | $9,650,396 | 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: | 12/31/11 to 12/31/12 | $697,312 | Aon Risk Services, Inc. | Port Authority Insurance Captive Entity, LLC; Lexington Insurance Company |
The following insurance transactions have taken place during the period of July 1, 2011 through September 30, 2011.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Boiler & Machinery Insurance | 07/01/11 to 07/01/12 |
$71,500 | J.P. West, Inc. | Continental Casualty Company |
| Group Travel Accident Insurance | 7/15/11 to 7/15/14 |
$25,245 | The Taylor Group, Inc. | National Union Fire Insurance Co. of Pittsburgh |
The following insurance transactions have taken place during the period of April 1, 2011 through June 30, 2011.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Master Contractor's Insurance Program (CIP) General Liability Coverage: | 06/01/11 to 06/01/14 |
$64,300,199 | Aon Risk Services, Inc. | Port Authority Insurance Captive Entity, LLC; ARK Syndicate; Aspen; Atrium Syndicate; Lexington; XL |
| Property Damage and Loss of Revenue Insurance: | 06/01/11 to 06/01/12 |
$23,350,238 | Marsh USA, Inc. | Port Authority Insurance Captive Entity, LLC; Ace; Alterra; Amlin Syndicate; Arch; Argo Syndicate; Ark Syndicate; Ascot Syndicate; Aspen Re; AWAC; Axis; Barbican Syndicate; Berkley; Berkshire Hathaway; Beufort Syndicate; Brit Syndicate; Canopius Syndicate; Chaucer Syndicate; China Re; Endurance; Essex; Faraday Syndicate; Hannover Re; Hardy Syndicate; HCC Syndicate; Hiscox; Infrassure; Ironshore; Jubilee Syndicate; Korean Re; Lancashire; Lexington; Liberty Mutual; Maiden Re; Montpelier Re; Munich Re; Navigators; Partner Re; PICC; QBE Syndicate; R+V Versicherung; Renaissance Re Syndicate; RLI Re; RSUI; Starr; Swiss Re; Taiping Re; Talbot Syndicate; Tokio Marine; Tokio Syndicate; Torus; Travelers Syndicate; XL Re; Zurich |
| Property Damage and Loss of Revenue Insurance Terrorism Coverage TRIPRA* Coverage | 06/01/11 to 06/01/12 |
$3,350,000 | Marsh USA, Inc. | Port Authority Insurance Captive Entity, LLC; Lexington |
| Fidelity and Computer Fraud Insurance | 04/01/11 to 04/01/12 |
$109,988 | 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, 2011 through March 31, 2011.
| POLICY/COVERAGE | TERM | PREMIUM AMOUNT |
BROKER | INSURANCE CARRIER(S) |
|---|---|---|---|---|
| Automobile Liability Insurance | 03/01/11 to 03/01/12 |
$74,007 | Conner Strong Companies, Inc. | St. Paul Travelers Co., Inc. |
| Accidental Death & Dismemberment Insurance (PATH) | 3/22/11 to 3/22/14 |
$2,592 | T&H Brokers Inc. | The Hartford Insurance Group |
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 |
