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Property and Loss of Revenue Insurance Underwriting

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State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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This subcontract opportunity with the New York State Bridge Authority seeks a qualified provider to deliver property and loss of revenue insurance underwriting for prime brokers working on bridge infrastructure projects. The selected provider will be responsible for underwriting risks and issuing insurance policies that strictly conform to the specifications set by the New York State Bridge Authority. To be eligible, applicants must possess a valid NAIC Number and maintain a high financial strength rating from A.M. Best. Interested parties must submit their responses by December 7, 2026, to provide the necessary binding insurance policies required for these infrastructure projects.

General Info

Insurance underwriting for NY State Bridge Authority infrastructure projects due December 7, 2026.

Documents

This scope was carved out of 2140000.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

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

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Organization & Contact Information

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AgencyNew York → Bridge Authority, NYS
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Provides property and loss of revenue insurance coverage for prime brokers on New York State Bridge Authority infrastructure projects. Underwrites risk associated with bridge infrastructure and issues policies conforming to NYSBA specifications. Requires a valid NAIC Number and a high A.M. Best financial strength rating. Delivers a binding insurance policy providing property and loss of revenue coverage.

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Same NAICS industry code

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Same awarding agency

NAICS: 524210
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SLED
BA-2026-OA-017-IN Bridge Property and Loss of Revenue Insurance
Solicitation # 2140000
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.
Insurance Agencies and Brokerages

POSTED

3 days ago

DEADLINE

in about 2 months
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