INSURANCERENEWED

City of Hudson Resolution Authorizing the Mayor to Accept a Renewal Proposal by Marshall & Sterling for Multiple Insurance Policies 2026-06-23

City Renews Core Insurance Package With NYMIR

$296,643.48 annual premium (component of total $305,451.48)City of HudsonNEW YORK MUNICIPAL INSURANCE RECIPROCAL (NYMIR)June 23, 2026

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Description

Hudson approved renewal of its core insurance coverages with New York Municipal Insurance Reciprocal (NYMIR) for the remainder of fiscal 2026 at an annual premium of $296,643.48. The NYMIR package includes property, liability, auto, umbrella, and related municipal insurance lines under a two-installment payment schedule.

Contract Details

Contract Amount

$296,643.48 annual premium (component of total $305,451.48)

Vendor

NEW YORK MUNICIPAL INSURANCE RECIPROCAL (NYMIR)

Agency

City of Hudson, NY

Contract Type

INSURANCE

Document Date

June 23, 2026

Contract Term

Remainder of the 2026 fiscal year; two-installment payment plan with due dates 6/30/26 and 12/30/26

Renewal Date

2026-12-30

Renewal Info

Renewal of an existing NYMIR municipal insurance program whose prior term expired beginning June 30, 2026; renewed for the remainder of the 2026 fiscal year via a two-installment payment plan. Higher limits may be available upon request; any changes would be subject to quotation.

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