New York State Contract Reporter #BA-2026-OA-017-IN

Bridge property damage and loss-of-revenue insurance for the New York State Bridge Authority

The New York State Bridge Authority is seeking insurance for its bridge system and related revenue exposure. - Buyer: New York State Bridge Authority, Administration Division; Treasurer Brian Bushek. - Procurement: Bridge property damage and loss-of-revenue (U&O) insurance, including inland marine specialized property coverage. The solicitation identifies three separate one-year contracts, each with up to two additional one-year renewal options. - Covered assets: Five tolled Hudson River crossings, seven long-span bridges, approach spans, gantries, related equipment, and the Walkway over the Hudson. Named locations include Rip Van Winkle Bridge, Kingston-Rhinebeck, Mid Hudson, Newburgh-Beacon North and South, and Bear Mountain. - Insurance limits and values: $492 million per occurrence; stated total insurable values are approximately $2.467 billion. Flood and earthquake limits are $100 million, and Walkway over the Hudson has an $80 million sublimit. The Authority may update insured values before coverage is finalized. - Optional coverage: Proposals may include or omit terrorism coverage; stand-alone terrorism and sabotage coverage is also identified as an option, with a $492 million limit. - Vendor named: Brown and Brown, formerly Risk Strategies Inc., is identified as the incumbent vendor. No insurance carrier or OEM is named. - Estimated premium context: The expiring 12-month premium is approximately $2.265 million; this is a reference point, not a stated award value. - Contract identifier: BA-2026-OA-017-IN.

Description

The New York State Bridge Authority is seeking proposals for bridge property and loss of revenue insurance (inland marine specialized property) for its Bridge System. The system primarily comprises five tolled vehicular Hudson River crossings and includes seven long-span bridges, approach spans, and related infrastructure. Coverage requirements and related specifications are included in the RFP. The Authority seeks three one-year insurance contracts, with the option to extend each for two additional one-year periods.

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