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April 23.2025
2 Minutes Read

Discover How the New IICF Minnesota Chapter Will Benefit Local Homeowners

Futuristic city skyline with 'INSURANCE JOURNAL', IICF Minnesota Chapter.

The Launch of IICF Minnesota Chapter: A Community Commitment

The Insurance Industry Charitable Foundation (IICF) has made an exciting step forward by establishing the IICF Minnesota Chapter, aimed at enriching lives in the Twin Cities region. This initiative is a part of IICF's broader commitment to community service, focusing on essential areas such as education, health, and safety.

A Strong Leadership Foundation

Leading the charge for this new chapter is a formidable board of senior industry leaders, including Founding Chair Jennifer Gentry, who is also the Senior Vice President and Minneapolis Branch Manager at Chubb. Under her guidance, the board will oversee the chapter's charitable efforts and grant distribution. Along with her, notable names like Vice Chair Michael Koelbl of Liberty Mutual and Development Co-Chairs Jamie Drugg of HUB International and Tom O’Donnell, represent a strong collaborative spirit within the insurance community.

Significant Philanthropic Impact

The IICF has a rich history of philanthropy, having contributed over $50 million in community grants and more than 355,000 volunteer hours since its inception in 1994. The establishment of the Minnesota Chapter reinforces this legacy, demonstrating a commitment not only to local communities but also to the broader mission of improving societal well-being through collective efforts.

Community Engagement and Future Directions

What makes this chapter particularly exciting is its focus on local engagement. By working with over one thousand nonprofit partners, the IICF ensures that their initiatives resonate within communities. The establishment of the Minnesota chapter will undoubtedly bolster support systems essential for education, health, and safety in the region, which are critical needs for homeowners and families alike.

Join the Movement: Be Part of Community Change

The establishment of the IICF Minnesota Chapter presents a unique opportunity for residents in the Twin Cities to get involved. Whether it's through volunteering or donating to local programs, every effort counts toward creating a thriving community. As homeowners, your participation can drive the change needed to ensure a safer, healthier future for all.

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02.04.2026

New Hampshire's Insurance Department Delivers Real Value for Homeowners in 2025

Update New Hampshire's Commitment to Homeowners Shines Through 2025 Report In a significant reveal, the New Hampshire Insurance Department (NHID) reported that it has successfully contributed $185.62 million to the state’s General Fund and recovered $3.34 million on behalf of consumers in 2025. Insurance Commissioner DJ Bettencourt touted these achievements as a reflection of the department’s effort to provide ‘real value’ for taxpayers while ensuring accountability within the insurance market. Understanding the Financial Contributions The reported funds include remarkable contributions from premium taxes, which accounted for $159.02 million, alongside $26.60 million gathered from various fees and fines. This impressive fiscal performance underscores the NHID's pivotal role in bolstering the state's budget, especially at a time when many homeowners feel the crunch of rising insurance rates. Consumer Support Through Active Engagement One of the highlights from the NHID’s report is the proactive engagement with the community. The department’s Consumer Services Unit dealt with 6,536 cases, showing their dedication to assisting local residents. Among these, 4,216 calls pertained to life and health insurance, as well as property and casualty insurance, emphasizing the department's commitment to being accessible and supportive. For homeowners navigating the potentially murky waters of homeowner insurance, these resources can be invaluable. The Impact of Enforcement on Homeowners Furthermore, the department’s Enforcement Unit, which is responsible for investigating injustices within the insurance landscape, initiated 28 administrative actions and levied fines totaling over $630,000. This firm stance against non-compliance aids in protecting homeowners from fraudulent practices and ensures they receive the coverage they pay for. Strengthened regulations and active enforcement are crucial for homeowners seeking peace of mind that their investments are secure. Growth in the Insurance Market In a noteworthy trend for 2025, New Hampshire saw the entry of more than 30 new insurance companies into its market, reflecting a growing competitive landscape. This influx is promising for homeowners, as it enhances options and may lead to better rates and coverage policies. Increased competition can ultimately drive down costs and improve service quality, allowing homeowners to make better-informed decisions. Looking Ahead: A Vision for Homeowners As we look to the future, the NHID's commitment to a budget of about $14 million for its operations insists on a sustained focus on consumer protection and market transparency. The department maintains its mission with around 90 employees who are dedicated to safeguarding the interests of homeowners and ensuring equitable treatment in the insurance market. Final Thoughts for Homeowners With these developments, it’s clear that New Hampshire’s insurance framework is designed not only to collect revenue but to actively support and protect homeowners. As the state regulatory body continues to evolve, it is essential for homeowners to stay informed about their rights and available resources. Engaging with the NHID can empower them to ensure they are getting the value they deserve from their homeowner insurance policies. To stay updated and maximize the benefits available to you as a homeowner, consider reaching out to the New Hampshire Insurance Department directly for guidance on navigating your insurance options. Understanding your rights and the tools at your disposal can lead to more confident and informed decisions.

02.03.2026

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02.02.2026

Nuclear Safety at Risk: What Homeowners Need to Know in Ukraine

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