Search company, investor...

Predict your next investment

Grinnell Mutual company logo
Corporation
FINANCE | Insurance / Reinsurance
grinnellmutual.com

Investments

5

Partners & Customers

4

About Grinnell Mutual

Grinnell Mutual is a property casualty insurance company and the primary reinsurer of farm mutual companies in North America. It was founded in 1909 and is based in Grinnell, Iowa.

Headquarters Location

4215 Highway 146 South

Grinnell, Iowa, 50112,

United States

800-362-2041

Want to inform investors similar to Grinnell Mutual about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Research containing Grinnell Mutual

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Grinnell Mutual in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Grinnell Mutual News

Construction-Related Property Damage/Insurance Coverage: Federal Appellate Court Addresses Silica Dust Exclusion

May 24, 2022

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=fa1e7aa0-97ca-42db-9059-b6a76a662983" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> The United States Court of Appeals for the Eighth Circuit (“Eighth Circuit”) addressed in a May 18th Opinion whether an insurance policy addressed certain alleged dust-related property damage. See Grinnell Mutual Reinsurance Co. v. Dingmann Brothers Construction of Richmond, Inc., et al., No. 21-2712. The question considered was whether two insurance policy exclusions unambiguously foreclosed coverage because of the presence of silica in the dust. MNDKK, LLC (“MNDKK”) hired Dingmann Brothers Construction (“DBC”) to install a garage door in its building. DBC’s subcontractor dry cut the wall without using dust protection. As result, the inside of the building and its contents were covered by dust. The wall from which the garage door was cut tested positive for silica. MNDKK submitted a claim for clean-up costs and property damage to its insurer, Great Lakes Insurance (“GLI”). GLI paid the claim and its assignee sent a subrogation demand to DBC. DBC’s insurer (Grinnell Mutual Reinsurance Company [“Grinnell”]) refused to indemnify DBC arguing that two exclusions in the policy applied due to the presence of silica in the dust. The two exclusions cited in the Eighth Circuit Opinion include: Silica-Related Dust Exclusion Both exclusions define silica-related dust as a: . . . mixture or combination of silica and other dust or particles. The United States District Court granted summary judgment to Grinnell holding that the exclusions unambiguously applied due to the presence of silica. The Eighth Circuit in analyzing the potential application of the exclusions noted that the first question was whether there was a genuine issue of material fact as to whether the dust contained silica. It held that based on testing that had been conducted and absence of testing by Grinnell that there was no genuine dispute of material fact. The Eighth Circuit also addressed DBC’s argument that the exclusions were not applicable because the damage was due to silica or silica-related dust (as opposed to its effects). This argument was based on the placement of a comma with Grinnell contending that: . . . the relevant portion of the provision applies only to cleaning up the effects of silica or silica-related dust, removing the effects of silica or silica-related dust, and otherwise responding to or assessing the effects of silica or silica-related dust. The Eighth Circuit rejected this argument noting that such an interpretation would be problematic due to the difficulty in separating losses from silica as opposed to losses from the effects of silica. The Eighth Circuit also rejected the argument that the property-damage provision was inapplicable because it overlapped with the other exclusion. It concludes that such an argument: . . . assumes that there is a conflict whenever multiple exclusions may apply to the same claim. An issue would arise only if there was a conflict between an exclusion and a specific grant of coverage. Finally, the Eighth Circuit also addressed the claim that there was no causal connection between the existence of silica and the damages therefore rendering the exclusions inapplicable. The Eighth Circuit rejected this argument stating that there was a causal connection noting: . . . the property damage claimed by the defendants is the "loss of use" that arose out of "the actual . . . contact with, . . . or presence of, . . . 'silica- related dust.'" And the resulting clean up of "silica-related dust" arose out of the "actual . . . contact with, . . . or presence of, . . . 'silica-related dust.'" A copy of the Opinion can be downloaded here .

Grinnell Mutual Investments

5 Investments

Grinnell Mutual has made 5 investments. Their latest investment was in FarrPro as part of their Seed - II on June 6, 2018.

CBI Logo

Grinnell Mutual Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2018

Seed - II

FarrPro

Yes

1

12/22/2017

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

4/17/2017

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

3/8/2017

Seed

Subscribe to see more

$99M

Subscribe to see more

10

8/4/2015

Seed - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/28/2018

12/22/2017

4/17/2017

3/8/2017

8/4/2015

Round

Seed - II

Seed VC

Seed VC

Seed

Seed - II

Company

FarrPro

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

10

10

10

Grinnell Mutual Partners & Customers

4 Partners and customers

Grinnell Mutual has 4 strategic partners and customers. Grinnell Mutual recently partnered with FindBob on March 3, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

3/4/2019

Partner

Canada

1

2/6/2017

Vendor

Canada

Subscribe to see more

Subscribe to see more

10

1/12/2017

Vendor

United States

Subscribe to see more

Subscribe to see more

10

6/29/2016

Vendor

United States

Subscribe to see more

Subscribe to see more

10

Date

3/4/2019

2/6/2017

1/12/2017

6/29/2016

Type

Partner

Vendor

Vendor

Vendor

Business Partner

Country

Canada

Canada

United States

United States

News Snippet

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

Grinnell Mutual Team

5 Team Members

Grinnell Mutual has 5 team members, including current Chief Executive Officer, President, Larry Jansen.

Name

Work History

Title

Status

Larry Jansen

Chief Executive Officer, President

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Larry Jansen

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Executive Officer, President

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Compare Grinnell Mutual to Competitors

H
Hastings Mutual Insurance Company

Hastings Mutual Insurance Company is a regional insurance company. The company provides personal insurance, commercial insurance, and farm insurance. It is based in Hastings, Michigan.

P
Penn National Insurance

Penn National Insurance is a property-casualty mutual insurance company that sell business insurance, auto and homeowners insurance. The Company provides property and casualty insurance services to individuals and businesses. It is based in Harrisburg, Pennsylvania.

SECURA Insurance Logo
SECURA Insurance

SECURA Insurance offers insurance products for home, auto, business, farm, agribusiness, and more. The company is based in Neenah, Wisconsin.

C
Continental Western Group

Continental Western Group is a regional property casualty insurance company offering commercial products and services through independent agents in the Midwest. It is a subsidiary of the W. R. Berkley Corporation.

O
Ohio Casualty

Ohio Casualty is a provider of personal insurance that sells through independent local agents. It is based in Boston, Massachusetts.

I
IMT Group

IMT Group operates as an insurance company. The company offers car, home, farm, business, and umbrella insurance services. It is based in West Des Moines, Iowa.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.