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Remediation contractor insurance premium quotes, May 2002

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Memo dated May 13, 2002 comparing insurance coverage premiums from three remediation firms for $50 million in coverage with quotes ranging from $50,000 to $193,000.

NYC-WTC_000152919–000152921
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NYC 9/11 Public Portal Document

Ayaltroni,R5bert J From: Erdfarb, Stuart Sent: Monday, May 13, 2002 12:01 PM To: Ward, Chris; Chapin, Diana; Avaltroni, Robert Cc: Hoffer, Mark; Schiano, Frank; Pecunies, Russ; Fenves, Carol; Gilsenan, Michael (ex); Smyth, Virginia; Radhakrishnan, Krish Subject: Exterior Cleaning Insurance

FYI, the three remediation firms, for the same $50 million insurance coverage, have quoted widely disparate premiums. We are not insurance experts at DEP and have no way of knowing if we are being gouged. However, since this is an emergency, and we must proceed immediately, I will add the amounts to the contracts.

KURZBAN $193,000 FIBER. $ 65,000 TRIO $ 50,000

NYC-WTC_000152919

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NYC-WTC_000152919Source: NYC Law Department, mirrored locally

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