RFP for Windstorm Insurance

The City of Port Arthur issued a Request for Proposal (RFP) for windstorm insurance, which was awarded to multiple vendors. The contract has a limit of $2,000,000 per occurrence and a deductible of $25,000 per occurrence or 5% of the total insurable value per affected unit for named storms. The contract is effective from May 1, 2014, and has an annual premium of $478,770. The scope of work includes providing commercial windstorm insurance to the City of Port Arthur. • The contract was awarded to multiple vendors, including AXIS Surplus Insurance Company and Liberty Surplus Insurance Company. • The contract has a limit of $2,000,000 per occurrence and a deductible of $25,000 per occurrence or 5% of the total insurable value per affected unit for named storms. • The contract is effective from May 1, 2014, and has an annual premium of $478,770. • The City of Port Arthur is the agency that created and decided to award this contract. • The contract is for the provision of commercial windstorm insurance to the City of Port Arthur.