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SARATOGA SPRINGS — Mayor Ron Kim announced that the New York Municipal Insurance Reciprocal (NYMIR) has agreed to provide the City with liability insurance coverage for the 2024 calendar year.
NYMIR’s mission is to insure, support, and educate municipalities in New York State. NYMIR was formed 30 years ago, and is now the largest municipal property and casualty underwriter in the state, representing over 900 municipalities.
“The City worked with our broker to consider several carrier options for municipal coverage. The national insurance market, including municipal insurance, has been impacted by many factors such as increasing catastrophic weather events. We are confident in NYMIRs work with municipalities across the state, and believe it is the most sound and secure insurance program for our city,” said Mayor Kim, in a statement.
In addition to the new insurance coverage, Mayor Kim and Commissioner of Accounts Dillon Moran announced that the Risk and Safety program will revert back to the Accounts Department on Dec. 1.
“Governmental risk and safety management programs are essential to identifying and mitigating risk within our City’s operations. The Accounts Department will continue to promote safe and supportive best practices for our employees and stakeholders,” said Commissioner Moran.
