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Insurancepending

jemez-springs-village-meeting-minutes-2025-03-18_baf.pdf

Jemez Springs faces significant insurance premium increase

$233,985Jemez Springs villageNEW MEXICO SELF INSURERS FUNDMarch 18, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The proposed FY26 insurance premium from the New Mexico Self-Insurers Fund for the Village of Jemez Springs is $233,985, a 429% increase from the current $44,202 premium. This represents roughly 40% of the Village’s operating budget and is considered unsustainable.

Contract Details

Contract Amount

$233,985

Vendor

NEW MEXICO SELF INSURERS FUND

Agency

Jemez Springs village, NM

Contract Type

Insurance

Document Date

March 18, 2025

Contract Term

FY26

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