Get email alerts on the Insurance topic
No spam. Unsubscribe anytime.
Monroe council approves liability-insurance proposal from CVMIC for 2026–2028
Summary
The council approved continuing membership in Cities and Villages Mutual Insurance Company and accepted the liability-insurance proposal for policy years 2026–2028, selecting option 1 with a $50,000 self-insured retention.
The Common Council voted to accept a liability-insurance proposal from Cities and Villages Mutual Insurance Company (CBMIC/CVMIC) for policy years 2026, 2027 and 2028 and approved continuing membership in the insurer. The resolution authorized the city clerk to execute the acceptance and specified selection of option 1, retaining the city's current self-insured retention of $50,000.
"selection of option 1, retaining this current self insured retention of $50,000," the Finance and Taxation Committee member stated while presenting the resolution. The motion was seconded, the clerk called the roll and the council approved the resolution by unanimous voice/roll call.
No premium amounts beyond the guaranteed premiums referenced in the resolution text were read into the record; the motion authorizes staff to accept the insurer's guaranteed premiums for the stated policy years and continue membership.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
