Event Overview
Public power utilities are navigating an insurance environment shaped by higher catastrophe losses and volatility, which can translate into tighter underwriting, changing terms, and affordability pressures, especially for property coverage in hazard-exposed areas. Cost drivers like inflation and rising replacement costs, along with growing loss experience, continue to influence how coverage is priced and structured. Many utilities are also watching risk areas such as severe weather and wildfire exposure, cyber incidents, and liability trends that can affect limits, deductibles, and overall availability.
In response, more organizations are exploring captive insurance as a way to create stability, retain and manage risk strategically, and strengthen long-term risk financing. Join APPA’s Risk Management Working Group for a member-only webinar featuring NYPA’s experience forming a captive, including what prompted the decision, key formation considerations, benefits and lessons learned, and how they partnered with legal and accounting teams. The session will include moderated Q&A, and a recording will be available to members after the event.
Discussion Topics
- Risk Management
- Captive Insurance
- Insurance Market Challenges
- Coverage Strategy
- Liability Exposure
- Risk Financing
Registration
Registration is free and only open to APPA member utilities, joint action agencies, state/regional associations, and federal service contractors. Register now or contact Academy@PublicPower.org with questions.
Who Should Attend
This webinar is intended for public power utility professionals involved in risk management, insurance, finance, legal, and executive decision-making, particularly those evaluating strategies to manage rising insurance costs, coverage challenges, and long-term risk financing. It may also be of interest to utility leaders overseeing property, liability, cyber, wildfire, and severe weather risk.
Speaker
Andrew Negro serves as the Director of Corporate Insurance for the New York Power Authority (NYPA), the nation’s largest state public power organization. NYPA operates 17 generating facilities, more than 1,550 circuit-miles of transmission lines, the New York State Canal System, and a newly established subsidiary, the New York Renewable Energy Development Holdings Corporation.
Over the past five years, Andrew has led the management of NYPA’s comprehensive insurance program, overseeing the procurement, renewal, and placement of its diverse portfolio of policies. He specializes in aligning insurance coverage with corporate risk tolerance, mitigating complex exposures, and partnering with executive leadership to implement forward looking risk management strategies. His responsibilities also include global claims oversight and supporting enterprise risk management initiatives.
Andrew played a central role in the development and launch of the NYPA Captive Insurance Company, formed in 2023. He has hands on experience working with captive managers, outside counsel, actuaries, and regulators throughout the startup process, and continues to oversee the administration and advancement of the captive to maximize its strategic value to NYPA.
Prior to joining NYPA, Andrew spent two decades in municipal government, culminating in his service as First Deputy County Attorney for Putnam County, New York. In that capacity, he acted as principal legal counsel to the County and directed its entire insurance program. His background spans law, insurance, and the mitigation of organizational liability and risk.
Andrew also serves as a part time Justice for the Village of Brewster, New York, presiding over a broad docket of criminal and civil matters. He holds a BA in Economics from Fordham University and a Juris Doctor from Pace University School of Law, and is admitted to practice law in New York and Connecticut.
Moderators
- Bryan Willnerd, Manager, Treasury & Risk Management, Lincoln Electric System; Chair, APPA Risk Management Working Group
- Brianna Cardona, Risk Specialist, New York Power Authority; Vice Chair, APPA Risk Management Working Group
Technology Requirements
- Zoom Platform: This event will be hosted on Zoom. A reliable internet connection is essential for smooth participation. You can test your setup at Zoom.us/test .
- Audio: We recommend using your computer’s microphone and speakers for the best experience. A dial‑in option will also be available.
Login Credentials and Recording
- Zoom Links: Access details will be emailed 24 hours before the event, with a reminder sent one hour prior to the start time.
- Recording: The event will be recorded and distributed to registrants after the meeting.
