About CVMIC
CVMIC's Mission
Cities and Villages Mutual Insurance Company (CVMIC) is dedicated to developing and maintaining high-quality, stable, affordable insurance and risk management services; supporting public services and serving the needs of its member owners.
CVMIC's Vision
CVMIC will be the model of innovation for municipal insurance companies and be the premier source for insurance and risk management services & resources.
QUICK FACTS ABOUT CVMIC
- CVMIC was founded on September 14th, 1987
- 25 Cities and Villages were founding members
- Over 50 cities and villages make up CVMIC’s current membership
- CVMIC was formed as a “Mutual” which means we are owned by the members
Learn More about our coverages, member advantages, and ways we connect with you!
CVMIC BOARD OF DIRECTORS
COMMITTEES THAT FOCUS ON CVMIC OPERATIONS
The Board of Directors has established committees to focus on the operations of CVMIC. The committees are comprised of member representatives who are appointed by the Board President and confirmed by the Board of Directors.
Finance Committee
The responsibilities of the Committee are to review, with input from staff, advisors, consultants, etc., where appropriate, all financial aspects of CVMIC operations, including, but not limited to, the following:
- Budget
- Accounting policy
- Financial reports
- Investment policy
- Banking and Trustee services
- Consultant contracts
- Items referred by the Board of Directors
Claims Committee
The responsibilities of the Committee are to review, with input from staff, advisors, consultants, etc., where appropriate, all aspects of the Claims Management Program of CVMIC, including, but not limited to, the following:
- Claims handling procedures
- Accountability of Claims Administrator
- Claims review
- Claims settlement
- Litigation policy
- Items referred by Board of Directors