Government Contract | New York
BROKERAGE SERVICES FOR FIDELITY AND CRIME INSURANCE PLACEMENT PROGRAM (2016 THROUGH 2019)

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Bid Information


Bid Alert No: 00000506513

Bid Title: BROKERAGE SERVICES FOR FIDELITY AND CRIME INSURANCE PLACEMENT PROGRAM (2016 THROUGH 2019)

Agency Bid No. Title: 45177

Received Date: 03/08/2016

Close Date: 03/18/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Special Notices: Bidder Preregistration

Specifications

Specifications include, but are not limited to:1. Act as liaison with insurers to provide the Authority with direct access to theunderwriting community in order to effectively and efficiently obtain the best insuranceterms and coverage.2. Advise the Authority on the availability and appropriateness of insurance products torespond to changing exposures related to fidelity and crime.- 2 -3. Verify accuracy of all policies, endorsements, and carrier billings to ensure the following:a. That the coverage reflects the Authoritys directive;b. That the coverage is appropriate for the Authoritys exposure; andc. That all terms and conditions are applicable and sufficient to the Authority.4. Monitor insurance company services and financial security of all participating carriersand notify the Authority of any potential financial security issues.5. Immediately notify the Authority if A.M. Best has downgraded any carrier on theAuthoritys program or is on a negative watch. Present your strategy to replace theaffected carrier in a report for review by the Authority within fifteen (15) calendar daysof notification to the Authority.

Product Codes: 95334, 95300

Agency Information


Issuing Agency: Port Authority of New York and New Jersey

State: New York

Agency Type: State and Local

Contact: Ekatherina Carrera 4 World Trade Center, 150 Greenwich Street, 21st Floor, New York, New York, 10007

Phone: 212-435-4627

Email: ecarrera@panynj.gov

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