September 10, 2020
We are now one month past the derecho storm of August 10th. By all measures, this is the worst storm in the 136-year history of IMT Insurance. To date, we have received more than 5,600 derecho claims with a total incurred loss of $73.3 million.
Reinsurance Strength
We are thankful to our reinsurance partners for their support and protection from these enormous catastrophe losses. Due to a well-designed reinsurance program, we will have the capacity and financial resources that we need.
Claim Update
Almost all our derecho claims have now been inspected. As of today, 43% of these derecho claims have been completed and are now closed. Going forward, our focus will be on completing the remaining estimates of damage and getting payments into the hands of our policyholders as quickly as possible. Our goal will be to finalize as many of these claims over the next month as possible.
Thank you
Thank you for your patience and understanding in the handling of these derecho storm claims. We are proud of our IMT response and know the work is not done yet. We promise to do everything to live up to our slogan of Be Worry Free!
August 25, 2020
Due to significant damage from the derecho storm on August 10, Iowa Governor Kimberly K. Reynolds has declared an emergency disaster declaration for 27 Iowa counties. The governor’s declaration took effect on August 14, 2020, and is currently set to expire on September 13, 2020.
As of August 21, the 27 counties currently included within the governor's disaster declaration are Cass, Guthrie, Audubon, Madison, Jackson, Jones, Grundy, Benton, Cedar, Clarke, Greene, Hardin, Iowa, Jasper, Linn, Muscatine, Polk, Poweshiek, Scott, Tama, Washington, Boone, Clinton, Dallas, Johnson, Marshall, and Story counties.
If you are cancelled or nonrenewed for nonpayment of premium on or after August 10, 2020, please contact your local IMT Agent. We are willing to work with you to minimize any insurance disruptions during the disaster period.
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August 11, 2020
Our thoughts are with all policyholders who were impacted by severe weather on Monday, August 10th. Due to the widespread storm, IMT has received a large number of storm claims and our team is assisting as quickly as possible. Phone service is causing a challenge for adjusters to reach policyholders in some areas.
If you were impacted and have a claim to report, please contact your local IMT Agent or call 800-274-3531. We promise to do everything possible to help you and your family Be Worry Free!
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