Motor Vehicle Accident Indemnification Corp.
InsuranceNew York, United States11-50 Employees
Based in New York City, MVAIC was established in 1958 by the New York State Legislature under Article 52 of the New York Insurance Law and operates as a non-profit entity. It provides No-Fault and Bodily Injury coverage to claimants who are eligible for benefits under the state’s motor vehicle indemnification framework. The organization employs a relatively small to mid-sized staff to administer these benefits. Its primary market consists of individuals involved in motor vehicle accidents who qualify for benefits, and its activities are framed by New York’s statutory insurance system. Within the broader insurance industry, MVAIC functions as a specialized indemnification provider rather than a mainstream insurer. A notable recent development is the December 2023 launch of the MVA Fund Mobile Application, aimed at giving claimants access to MVA Fund services via mobile devices.