IRETON—ISB Insurance Inc. of Ireton was recognized by Grinnell Mutual as one of a group of agencies that reached $1 million in premium. Grinnell Mutual’s company representatives Bill Gallagher and Dick Iveland, recognized the agency during a catered meal Monday, Nov. 25, in Hull.
ISB Insurance received a plaque that reads “in appreciation of ISB Insurance for writing $1,000,000 in written premium with Grinnell Mutual,” commemorating the milestone that will be displayed in its office. This milestone was reached at the end of 2018.
The agency also received a separate plaque recognizing it as a qualifier for the Grinnell Mutual President’s Club in 2018. To achieve this award, ISB Insurance had to be in the Top 50 of Grinnell Mutual’s agencies in Iowa, Illinois, Indiana, Wisconsin, Missouri, Nebraska, Ohio and Oklahoma. ISB Insurance is in the Top 50 which is also in the top three percent of the Midwestern area Grinnell serves.
To be recognized for these two accomplishments, the agency not only had to have written a million dollars in premium, but also had to have a good book of business that shows ISB Insurance is profitable. The company also needed to show a good loss ration and be in the Top 50 in premium sales.
In business since 1909, Grinnell Mutual has been recognized by Ward Group as one of its 2019 Top 50 property and casualty performers for the fourth year in a row.