As stewards of the public trust, New York's local governments need the protection of adequate and appropriate insurance. In the mid to late 1980s, New York's municipalities did not have this necessary liability protection and were facing an insurance crisis. Affordable and comprehensive insurance coverage was simply not available to many local governments.
New York's municipal associations - The Conference of Mayors, Association of Towns and Association of Counties realized that 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 worked together to advocate for the passage of legislation that enabled the creation of the New York Municipal Insurance Reciprocal (NYMIR).
In 1993, NYMIR was founded with 26 local government subscribing members. Over the years, its reputation as a premier full service insurer spread across the state and today the name NYMIR is synonymous with the most comprehensive coverages and risk management programs available. A majority of the more than 1600 general purpose municipalities in New York State are now members, making NYMIR the largest municipal property and casualty underwriter in the entire State. NYMIR remains, more than ever, an insurance company for local governments. It is run by local government officials, endorsed by the municipal associations, and responsive to the ever changing needs of today's municipalities.