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About NYMIR

NYMIR’s mission is to provide the most comprehensive property and liability insurance and risk management programs for New York’s municipal governments. NYMIR members own our program and through an elected Board of Governors, our members control the company’s rates, coverages, claims handling and risk management services.

Why NYMIR?

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Knowledgeable

  • Governed by Your Peers – Our 13-member Board of Governors is comprised of local officials elected by you to ensure that our policies, coverages and rates reflect your needs.
  • Guided by Your Statewide Municipal Associations – The New York State Association of Towns (NYAOT), New York State Association of Counties (NYSAC), and New York State Conference of Mayors (NYCOM) formed NYMIR in 1993 and continue to guide our program through their advocacy, legal advice, training and
    marketing assistance.
  • Managed by Experienced Insurance Professionals – Wright Public Entity, with offices in Albany and Garden City, has been NYMIR’s program manager since our founding. They have a seasoned team that understands municipal insurance and the operational needs of New
    York’s local governments.

Reliable

  • NYMIR Is Here to Stay: Commercial carriers come and go in the municipal insurance market, but NYMIR exists for one reason—to be there for New York’s local governments. We recognize that governing boards don’t like surprises when it comes to budgetary expenditures and risk exposures. NYMIR prides itself on predictable premiums and broad coverages.
  • Defense of Claims: NYMIR proactively defends your reputation against all frivolous claims and lawsuits, regardless of cost. Our dedicated team of claims counsel brings unmatched expertise and is fully committed to the public sector.
  • Prompt Handling of Covered Claims: Our New York-based claims team understands the importance of promptly responding to and handling your covered claims.
  • Finding Coverage for Our Subscribers: When a NYMIR subscriber experiences a first-party loss or is sued, we go above and beyond to find coverage. Numerous local officials have expressed their appreciation, saying that during a time of need, “NYMIR was there for us.”

Proactive

  • Comprehensive Online Training and Policy Resources: Whether mandated by the State or simply a best practice, NYMIR offers a comprehensive suite of training and policies through our “LEARN” educational platform. This robust, one-stop-shop provides members with easy, no-cost access for training, continuing education, and certification tracking.
  • Risk Management and Loss Control: NYMIR’s deep understanding of municipal risks and exposures allows us to offer creative, tailored suggestions to help members avoid or reduce financial consequences of a loss. Our certified loss control professionals conduct on-site consultations to minimize operational risks and reduce the inconvenience of damaged facilities and equipment.
  • Bulletins, Alerts, and Topical Webinars: NYMIR stays ahead of emerging issues through the expertise of our insurance professionals and input from our Board of Governors and sponsoring municipal associations. We distribute practical information via emailed bulletins and alerts to keep subscribers informed of the latest risks in local government. We also host webinars and in-person seminars for deeper engagement and interactive Q&A.

Ownership = Control

  • Each Policyholder Owns a Part of NYMIR: As a “reciprocal insurer,” NYMIR’s subscribers are owners of the insurance company. Unlike any other commercial property and casualty insurer in New York, joining NYMIR gives you a voice in the coverages offered and the premiums charged. This influence is exercised directly—through the claims appeal process—and indirectly—via representation by your elected Board of Governors and statewide municipal associations. NYMIR is committed to anticipating and responding to your unique municipal needs.
  • Financial Security: Since its inception, NYMIR has followed a conservative rate-setting and investment philosophy. Our financial strength is reflected in an A- (Excellent) rating from AM Best, the leading insurance rating agency. This stability has enabled NYMIR to eliminate the capital investment previously required from members and instead return that capital with interest. As a not-for-profit, NYMIR opted not to join New York’s Guaranty Fund, avoiding assessments tied to the insolvency of other insurers. Instead, NYMIR retains the authority to assess its own members—something we have never done since our formation in 1993. Our strong financial position ensures we can continue to avoid such assessments in the future.

Board of Governors

NYMIR’s 13-member Board of Governors is elected by our subscribers and serves as the reciprocal’s advisory committee, pursuant to Article 61 of the New York State Insurance Law. The Board of Governors has the ultimate power and responsibility in the management and control of the affairs of NYMIR.

SPONSORING ASSOCIATIONS

The New York State Association of Counties (NYSAC), the New York Conference of Mayors (NYCOM) and the New York Association of Towns (NYAOT) have important financial and legal responsibilities in their role as NYMIR’s Attorney-in-Fact and are powerful advocates for NYMIR members.

New York’s statewide municipal associations realized the only way to protect municipalities from the cycles and fiscal uncertainties of the traditional insurance marketplace was for local governments to create their own insurance company. The associations advocated for passage of authorizing legislation, successfully secured licensing of NYMIR by the NYS Insurance Department, and remain involved in all aspects of the NYMIR program.

EXECUTIVE DIRECTOR

NYMIR’s sponsoring associations created and fund the Office of the Executive Director. The Executive Director supports the Board of Governors in their role as NYMIR’s Advisory Committee and assists the Attorney-in-Fact in fulfilling its statutory obligations pertaining to executing contracts, conducting business transactions and allocating assets to pay liabilities. The Executive Director also acts as NYMIR’s day-to-day liaison with the management company to ensure that the NYMIR program is responsive to the unique needs of New York’s local governments.

PROGRAM MANAGER - Wright Public Entity

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Summary of Coverages

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NYMIR Value-Added Services

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Current Members

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