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.

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    12/31/11
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    09/30/11
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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

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