BA-2026-OA-017-IN Bridge Property and Loss of Revenue Insurance

The New York State Bridge Authority is soliciting proposals for Bridge Property and Loss of Revenue Insurance, specifically Inland Marine specialized property, for its bridge system. This system comprises seven long span bridges, including five tolled vehicular Hudson River crossings, along with associated approach spans and infrastructure. The required coverage features a total limit of liability of 492,000,000 dollars per occurrence. The contract term consists of three one-year contracts with the option for two additional one-year extensions, with the initial policy period running from January 1, 2026, to January 1, 2027. Proposers must be licensed to do business in New York State and are required to identify up to three primary and two alternate insurance companies for coverage solicitation. Proposals will be evaluated based on compliance with technical specifications, with a negative impact on scoring if enhancements lead to additional costs. The Authority will consider proposals both with and without terrorist coverage, weighing the cost against the benefit. Risk sharing, pooling, and multi-year joint risk ventures are strictly prohibited and will result in a proposal being deemed unresponsive. Submission requirements include a summary statement of coverage, insurer ratings from A.M. Best, and a comprehensive set of appendices covering MWBE and SDVOB utilization, anti-discrimination certifications, and vendor responsibility questionnaires. The incumbent vendor is Brown and Brown, formerly Risk Strategies Inc.