Grinnell Mutual Reinsurance Company, Iowa (IA): Overview, Services, Contact Information, Market Share, Claim Process, Renewal and Cancellation Policy

Is Grinnell Mutual Reinsurance Company the Best Choice for Your Insurance Needs?

If you are looking for a reliable, stable, and trusted insurance partner, you might want to consider Grinnell Mutual Reinsurance Company. Grinnell Mutual is one of the oldest and largest mutual insurance companies in the United States, with a history of over 110 years and a presence in 17 states.

Grinnell Mutual offers a wide range of insurance products and services, from personal and farm to commercial and reinsurance. In this post, we will explore what makes Grinnell Mutual stand out from the crowd and why you should choose them for your insurance needs.

 

Grinnell Mutual Reinsurance Company: Your Reliable Insurance Partner Photo Courtesy: meyocks.com

 

What is Grinnell Mutual Reinsurance Company and What Does It Do?

Grinnell Mutual Reinsurance Company is a mutual insurance company, which means that it is owned by its policyholders and operates for their benefit. Grinnell Mutual was founded in 1909 by a group of farm mutuals in Iowa who wanted to share their risks and protect their assets.

Since then, Grinnell Mutual has grown to become the 108th-largest property casualty insurance company in the United States and the largest primary reinsurer of farm mutual companies in North America.

Grinnell Mutual’s mission is to cultivate trusted relationships with its members, agents, policyholders, and employees. It provides state-of-the-art reinsurance solutions and consultative services to its member mutuals, focusing on their success.

Grinnell Mutual also provides insurance solutions to its agents and policyholders, with a focus on ease of doing business. Furthermore, Grinnell Mutual fulfills its promise to help its policyholders in their times of need. Additionally, Grinnell Mutual also provides an innovative environment for its employees, where they are empowered to be their best.

The Company, Grinnell Mutual, is headquartered in Grinnell, Iowa, where it has a campus of over 700 employees. Grinnell Mutual also has regional offices in Illinois, Indiana, Minnesota, Missouri, Ohio, Pennsylvania, South Dakota, and Wisconsin.

Grinnell Mutual Reinsurance Company History and Leadership Team

The company has a long and proud history of serving its customers and communities. Here are some of the company details that you might want to know:

History and Founding Year:

Grinnell Mutual was founded in 1909 as Iowa Farmers Mutual Reinsurance Association by 13 farm mutuals in Iowa. The name was changed to Iowa Farmers Mutual Tornado Insurance

Association in 1914, and then to Iowa Farmers Mutual Hail Insurance Association in 1925. In 1931, the name was changed again to Iowa Farmers Mutual Reinsurance Association. In 1963, the name was changed to Grinnell Mutual Reinsurance Company to reflect its expansion beyond Iowa1.

CEO and Leadership Team:

The current president and CEO of Grinnell Mutual is Jeff Menary, who joined the company in 1981 as an underwriter. He became the president and CEO in 2016.

The other members of the leadership team are: Dave Wingert (executive vice president and chief operating officer), Roby Shay (vice president of enterprise solutions), Kevin Farrell (vice president of reinsurance), Kurt Eaves (vice president of underwriting), Larry Jansen (vice president of direct claims), Nicole Chesmore (assistant vice president of IT),

Shannon Arendt (assistant vice president of operations), Kevin Kies (assistant vice president of claims), Gil Korthals (assistant vice president of product and pricing), Doug Nauman (assistant vice president of marketing), Bob Clark (assistant vice president of reinsurance underwriting), Lisa Steenhoek (director of human resources), Barb Baker (director of advertising and community relations), Dan Agnew (director of finance), Steve Crawford (director of internal audit), Chad Eichhorn (general counsel), Mike Mahaffey (chief strategy officer)1.

 

Grinnell Mutual Reinsurance Company Market Share

According to the National Association of Insurance Commissioners (NAIC), Grinnell Mutual had a market share of 0.13% in the US property casualty insurance industry in 2020, ranking 108th among more than 2,600 insurers. Grinnell Mutual had a direct written premium of $630 million in 2020. According to A.M. Best, Grinnell Mutual had a market share of 14.5% in the US farm mutual reinsurance industry in 2019, ranking first among more than 300 reinsurers.

Grinnell Mutual Reinsurance Company Contact Information

For inquiries or assistance, reaching out to Grinnell Mutual Reinsurance Company’s dedicated customer service department is a breeze.

They can be reached by phone at 800-362-2041 or via email at uwcsr@grinnellmutual.com. If you prefer to visit their office in person, you’ll find them conveniently located at 4215 Highway 146, Grinnell, IA, 50112.

Should any additional questions or concerns arise, don’t hesitate to contact Grinnell Mutual’s responsive customer service team using the same contact details: 800-362-2041 or uwcsr@grinnellmutual.com. They’re readily available to address your needs and provide valuable assistance.

What Type of Insurance Services do Grinnell Mutual Reinsurance Company Offer ?

  • Auto insurance: This covers your car and its passengers in case of accidents, theft, vandalism, or other damages. Grinnell Mutual offers various coverages and discounts for auto insurance.
  • Homeowners insurance: This covers your home and its contents in case of fire, storm, theft, liability, or other perils. Grinnell Mutual offers different options and endorsements for homeowners insurance.
  • Farm insurance: This covers your farm and its assets, such as crops, livestock, equipment, buildings, and liability. Grinnell Mutual offers three types of farm insurance policies: Farm-mate, Farm-Guard, and Agribusiness.
  • Business insurance: This covers your business and its property, liability, workers’ compensation, and other risks. Grinnell Mutual offers customized solutions for various kinds of businesses.
  • Umbrella insurance: This provides extra liability protection beyond your primary policies. Grinnell Mutual offers personal, farm, and business umbrella policies.

 

Grinnell Mutual Reinsurance Company Financial Ratings

According to the web search results, Grinnell Mutual has a financial rating of A (Excellent) from AM Best, which is a leading rating agency for assessing property-casualty insurance companies’ financial stability. The A rating indicates that Grinnell Mutual has an excellent ability to meet its ongoing insurance obligations. The outlook for the future is stable, except for the Long-Term Issuer Credit Ratings, which have a negative outlook due to the impact of severe weather-related losses.

 

Insight into Grinnell Mutual Reinsurance Company Claim Process

The claim process for Grinnell Mutual is as follows:

  • First, you need to report your claim to Grinnell Mutual as soon as possible. You can do this by calling 877-467-2252, emailing claims@grinnellmutual.com, or logging in to your account on their website.
  • Next, you need to provide some information about your claim, such as your contact and policy information, what happened, when and where it happened, who was involved, what was damaged, and whether there were any injuries.
  • Then, you need to cooperate with Grinnell Mutual and their adjusters, who will investigate your claim and determine the coverage and amount of payment. You may also need to submit some documents or evidence to support your claim.
  • Finally, you need to receive your payment from Grinnell Mutual, which will be based on the terms and conditions of your policy and the applicable laws and regulations.

 

Grinnell Mutual Reinsurance Company Renewal and Cancellation Policy

To renew or cancel your policy with Grinnell Mutual, you need to contact your agent or the customer service department. You can find your agent’s contact information by logging in to Manage My Account or by using the Find an agent feature on their website.

You can also call the customer service department at 800-362-2041 or email uwcsr@grinnellmutual.com for any billing and payment questions.

Depending on your policy type and state, you may have different options and fees for renewing or canceling your policy. For example, some policies may automatically renew unless you notify Grinnell Mutual in advance, while others may require you to sign a renewal form.

Some policies may have a cancellation fee or a short-rate penalty if you cancel before the end of the term, while others may have a pro-rated refund. You can check your policy documents or ask your agent for more details about your specific policy.

 

Grinnell Mutual Reinsurance Company Pros and Cons

Grinnell Mutual is a reputable and stable insurance company that has been serving its customers and communities for over a century. However, like any other insurance company, it also has some pros and cons that you might want to consider before choosing them for your insurance needs. Here are some of the pros and cons of Grinnell Mutual based on the web search results:

Pros:

Grinnell Mutual offers good customer service and reliable insurance products. They have a high financial rating and a positive reputation in the industry.

Grinnell Mutual offers customized commercial policies for various kinds of businesses. They also have a wide range of personal and farm insurance products to suit your needs.

Grinnell Mutual has a loyalty program called Mile Marker, which rewards policyholders who have been with them for at least five years. The program offers benefits such as towing reimbursement, accident forgiveness, and deductible reduction.

Grinnell Mutual has a special endorsement called Auto Plus, which provides extra coverage for your car and its passengers, such as pet injury, airbag reinstallation, lock replacement, and personal property.

Cons:

Grinnell Mutual auto insurance is only available in 19 states. If you live outside of their coverage area, you will not be able to get their insurance products.

Grinnell Mutual does not have a mobile app or an online quote tool. You will have to contact an agent or call the customer service department to get a quote or manage your policy.

Grinnell Mutual does not provide a specific time frame for claim approval. The claim process may vary depending on the type and extent of damage, the availability of adjusters, and the complexity of the investigation.

Grinnell Mutual may charge a cancellation fee or a short-rate penalty if you cancel your policy before the end of the term. You will also have to contact your agent or the customer service department to cancel your policy.

What are Some of the corporate social responsibilities of Grinnell Mutual Reinsurance Company

Grinnell Mutual is not only a trusted source of quality insurance, but also a responsible corporate citizen that cares about its communities and the environment. Here are some of the corporate social responsibilities of Grinnell Mutual.

Community involvement: Grinnell Mutual supports various local causes and organizations, such as education, health, arts, culture, sports, and civic activities. Grinnell Mutual also encourages its employees to volunteer their time and talents to make a positive difference in their communities.

Grinnell Mutual has a matching gift program that matches employee donations to eligible nonprofits up to $500 per year.

Environmental stewardship: Grinnell Mutual is committed to reducing its environmental impact and promoting sustainability. Grinnell Mutual has implemented several green initiatives, such as recycling, composting, energy efficiency, water conservation, and paperless communication.

Grinnell Mutual also supports environmental projects and organizations, such as the Iowa Natural Heritage Foundation and the Iowa Environmental Council.

Diversity and inclusion: Grinnell Mutual values diversity and inclusion in its workforce and business practices. Grinnell Mutual strives to create a culture of respect and belonging for all its employees, regardless of their race, ethnicity, gender, age, religion, disability, sexual orientation, or any other dimension of diversity.

Grinnell Mutual also seeks to partner with diverse suppliers and agents who share its vision and values.

 

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