The mission of IMT is to be financially stable so we can fulfill our promises to policyholders and partners. Beginning in 2020, the insurance industry (like so many) experienced rapid change and seismic disruption. The culmination of historic weather events and pandemic-driven inflation created unprecedented challenges for property and casualty insurance carriers to navigate. IMT, like so many other insurance carriers focused on property and casualty business, understood that the status quo was changing.

IMT took a close and careful look at the company’s book of business. IMT recommitted to underwriting Personal Lines and being available to serve policyholders in the state of Iowa. The insurance industry is facing difficult (and unprecedented) times, and IMT must adjust to continue providing its quality insurance solutions. 

Profitability initiatives sometimes include difficult decisions, but they are necessary. Changes IMT implemented included new business moratoriums, revisions to underwriting guidelines and actual cash values for roofs older than five years. 

IMT remains committed to serving policyholders and making strategic decisions that position IMT for a successful future.

If you are a member of the media seeking additional information, please contact media@imtins.com.

Effective April 1, 2024, a merger between Vinton, Iowa-based Eden Mutual Insurance Association (Eden Mutual) and IMT was realized. As a subsidiary of IMT Mutual Holding Company, Eden becomes Eden Insurance Company. IMT is a strong supporter of the Farm Mutual system and is proud to partner with multiple Farm Mutuals across writing states.

IMT’s partnership with the Farm Mutual system began in 1955. Through the years, IMT has benefitted from the partnership with Farm Mutuals and our affiliated agents in writing farm and personal liability policies and the attached lines of business associated with farm accounts. The changing landscape in the rural marketplace, coupled with IMT’s commitment to remain financially strong and profitable for the long-term, led to circumstances where a merger with Eden was an opportunity for both organizations.

“We’re thrilled to welcome Eden Mutual to the IMT Mutual Holding Company team. IMT is committed to the Farm Mutual industry, and we are confident our partnership and shared Iowa history makes this a good fit,” stated Sean Kennedy, IMT President and CEO. 

The Eden Insurance Company office remains in Vinton, Iowa with IMT (headquartered in West Des Moines, Iowa) providing strategic support and oversight. 

If you are a member of the media seeking additional information, please contact media@imtins.com.

The insurance industry, especially regional insurance carriers like IMT Insurance, have experienced significant challenges the past few years that disrupted and impacted business. Factors like severe weather events, coverage changes by reinsurers, and steep cost increases for labor and materials led to carriers adjusting ways in which they were doing business.  In response to these challenging years, IMT Insurance made modifications to strategies and implemented business modifications to be in a better position to serve policyholders and to continue being a strong partner to independent insurance agents. 

These business changes have made an impact, and following positive business indicators, IMT Insurance entered phase one of new business writing opportunities. In addition to Commercial Lines new business opportunities, the first reopen phase lifts moratoriums for selected Personal Lines products. IMT Independent Agents now have more options and opportunities to support clients’ insurance needs.

If you are a member of the media seeking additional information, please contact media@imtins.com.

In the time of continued challenge for the insurance industry, the evolving risk landscape in Minnesota has led IMT Insurance to reset business strategy in this state. IMT is focused on underwriting Commercial Lines casualty products, while pausing property-based risks. While IMT continues to support our policyholders in Minnesota, additional revisions to underwriting guidelines have been made to non-habitational property-based opportunities.

IMT remains licensed to do business in Minnesota during this evaluation and business reset. Certain products continue to be available; connect with an IMT Agent to learn more.   

If you are a member of the media seeking additional information, please contact media@imtins.com.

Founded in 1884, IMT was established by a farmer seeking to provide a way to help address the aftermath of windstorms. Our IMT name came directly from this historical tie to tornadoes. As our organization has grown and evolved over the subsequent years, providing the best property and casualty insurance products remains core to our business.

Today, IMT Mutual Holding Company is owned by its policyholders and is not governed with the goal of profit for stockholders. Instead, our sole focus is to serve those around us in the best possible way. Our company is managed so that we can fulfill the promises we have made to our policyholders and our communities. The current trend of increased frequency and severity of destructive weather events is impacting the entire insurance industry, including IMT. We are looking at innovative ways to continue our commitment to support our employees, agents, mutuals, policyholders, and communities to be worry free. IMT continues to make strategic decisions to manage the accumulation of smaller storm and adjust as more catastrophic storm events occur year over year. 

IMT partners with Independent Insurance Agents, as we believe insurance-seekers should have options. When working with an Independent Insurance Agent, an individual or company needing insurance can have access to more choices. Discover the Independent Insurance Agency near to you. 

Stay Safe in Severe Weather

For all people to stay safe when strong storms hit is most important. Residents in our midwestern territory (Iowa, Illinois, Nebraska, Wisconsin, Minnesota, and South Dakota) are familiar with the possibility of severe thunderstorms and tornadoes. Be prepared and have a plan: 

• Based on your location, bookmark your trusted weather reporting resource. It’s best to have multiple methods to access reports (like cellular data and AM radio) in the event power is lost. If local authorities issue a tornado warning, take shelter immediately.
• Determine in advance your tornado shelter. Basements and storm cellars are the best choices. If no underground shelter is available, choose an interior room without windows or hallway on the lowest floor possible. Your objective is to put as many walls as possible between the outdoors and you. A helmet, sturdy table or even layers of clothing can help protect your head from debris.
• Never try to outrun a tornado in an urban or congested area in a car or truck. Instead, leave the vehicle immediately for safer shelter.

Stay aware of storm activity in your area and have a plan to stay safe should severe weather occur.