A group of agencies will be contributing $100,000 to victims of the June storms and flooding that hit the Midwest, it was announced today by Alexandria, Va.-based Grinnell Mutual Reinsurance Company.
The company said the money would come over a five-year period from Grinnell Mutual's top 50 profitable agencies that comprise its Presidents Club.
Grinnell Mutual said the money is going to the Trusted Choice Disaster Relief Fund, specifically designated for victims in Iowa, Missouri, Indiana, Illinois and Minnesota.
"We have heard from many President's Club agents about the work that needs to be done to help restore communities and families affected by these storms," said Dan Agnew, Grinnell Mutual president. "Neighbor helping neighbor is a way of life in the farm mutual industry. We want to show support for these recovery efforts because this is what we do."
The Trusted Choice Disaster Relief Fund was established by the Independent Insurance Agents of America Educational Foundation to assist others who have suffered losses due to natural or man-made disasters.
"As an agent who saw first-hand the devastation of the Midwestern flooding this summer, I appreciate Grinnell Mutual's generous contribution to the Trusted Choice Disaster Relief Fund," said Bob Fulwider, chairman of the Independent Insurance Agents and Brokers of America as well as principal and executive vice president of the Ray Wuestenberg Agency Inc., in West Liberty, Iowa, and the Fulwider Agency, Inc., in West Branch, Iowa.
The fund makes cash grants to those in the insurance industry, including IIABA members and their agency staffs, and others to pay for immediate or ongoing financial needs when other funding sources (such as insurance and other grants) are not available, to fill the gap until other funding sources can be accessed and to provide insurance agents with supplies and resources to assist with disaster relief efforts to aid victims and surviving family members in their communities.
"We commend Grinnell Mutual for stepping up to support those affected by disasters," says Bob Rusbuldt, president & CEO of IIABA. "The company is a strong partner for independent agents and a great example of the insurance industry doing what it does best–supporting people through difficult times."
The fund takes contributions at www.independentagent.com. Contributions via check should be payable to "Trusted Choice Disaster Relief Fund" and sent to Attn: Lillian Carter, Trusted Choice Disaster Relief Fund, 127 S. Peyton St. Alexandria, VA 22314.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.