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Narragansett Bay To Receive Company of the Year Award from New York Association


NBIC LogoThe Narragansett Bay Insurance Company will receive the Council of Insurance Brokers of Greater New York’s (CIBGNY) Company of the Year Award at a ceremony in November.

The board of directors of the CIBGNY presents the annual award to an individual or organization that has provided a lifetime of achievement in the insurance industry or has been a stable, consistent entity that benefits brokers, agents and policyholders in New York. The council is a group of brokers and agents, representing downstate New York.

With over 31,000 policyholders in New York, Narragansett Bay has provided essential coverage for New York agents and homeowners who had been limited in their options for homeowners insurance on or near the coast.

“The Narragansett Bay Insurance Company is honored and humbled to receive the Council of Insurance Brokers’ prestigious annual award,” said Todd Hart, the company’s chief executive officer.

“The award demonstrates Narragansett Bay’s commitment to its brokers, agents and clients and the great leadership provided by my predecessor and current Executive Chairman Nick Steffey.”

Past recipients of the award include Rudolph Giuliani, former New York City mayor; the Tower Group Companies, one of the 50 largest providers of property and casualty insurance products and services in the United States; and GMAC Insurance, a national provider of insurance products.

Narragansett Bay will receive its award at a ceremony on Nov. 16 at the El Caribe in Brooklyn, N.Y., when the council will also inaugurate its incoming administration. The event is attended by hundreds of brokers, agents, vendors and support staff of various companies.

Narragansett Bay, which recently issued its 100,000th policy since its reemergence in 2005, takes a unique approach to homeowner’s insurance. NBIC provides each new policyholder with an in-home ShelterPride® appraisal, which is a personalized interior and exterior survey that helps ensure the customer has the correct amount of coverage based on replacement cost, is aware of critical safety risks and receives all deserved credits.

Using industry leading underwriting analytics and cutting-edge technology, Narragansett Bay offers consumers in the middle market a higher level of service above industry standards. Narragansett Bay is licensed to provide homeowners coverage in New York, New Jersey, Massachusetts, and Rhode Island.

About Narragansett Bay Insurance Company (NBIC)

Narragansett Bay Insurance Company, headquartered in Rhode Island, offers specialty insurance services and products to homeowners through an extensive network of independent agents along the eastern seaboard. Backed by highly rated reinsurers, NBIC has undergone a rigorous examination of its financial security and has received an “A, Exceptional” Financial Stability Rating (FSR) from Demotech, Inc., an independent financial analysis and actuarial services firm for property and casualty insurers. To find more information on NBIC, visit
For more information contact Judy Lamarre at 401.495.0778 or


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