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Committee delays decision on three-year CIVMIC insurance membership to seek comparisons
Summary
The finance committee discussed continuing membership in Cities and Villages Mutual Insurance Company (CIVMIC) for policy years 2026–2028 but opted to defer action to allow time to seek competing quotes and to consider engaging an insurance consultant.
The Wausau Finance Committee discussed, but did not act on, a resolution to continue membership in Cities and Villages Mutual Insurance Company (CIVMIC) for policy years 2026, 2027 and 2028.
Alder Tierney urged the committee to allow time to see potential competing options and recommended hiring an insurance consultant to compare coverage language and cost. A staff member said the mayor had indicated the Wisconsin League of Municipalities might be able to provide an insurance option but that staff had not been able to connect with league staff; the staff member said the committee may wish to obtain a consultant’s estimate for a formal coverage comparison.
Why it matters The proposed CIVMIC membership includes a guaranteed premium for 2026 and an adopted premium range for 2027–2028 in exchange for a three-year membership commitment, according to the draft resolution in the packet. Committee members said policy language and coverage differences can vary by provider, so a consultant’s review may affect whether the city remains in CIVMIC or switches carriers.
Discussion and next steps Committee members discussed the timing and whether the item needed to appear on the council agenda that night. A staff member confirmed the resolution language establishes a three-year commitment. Alder Tierney suggested the city obtain a consultant to compare insurance proposals; staff said they would reach out to a consultant to get a price estimate for such a review. The committee decided to defer the item to the next meeting to allow time for comparative quotes and consultant input.
Ending No vote was taken. The item remains on the finance committee’s agenda for a future meeting after staff pursues competing quotes and a consultant estimate.
