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Insurance Federation of Minnesota
Founded 1914

Welcome to the IFM Online

Welcome to the Insurance Federation of Minnesota website.

 

You can find out more about what we do, learn about many insurance issues and how they affect you and even learn how to submit a question to the Insurance Help Line.

We hope you find IFM Online to be helpful and informative.

 

The Latest:

 

The Insurance Federation of Minnesota thanks you for your help in defeating a proposal that would have made it much less convenient and more costly to get repairs done to your vehicle if you are ever involved in an accident. You helped us contact legislators to tell them to keep auto body repairs simple, less expensive and more convenient.  The proposal by the body shops was alive right to the end of the 2015 Minnesota Legislative Session and was in play in the special session.  Click on Auto Body Choice in the left column for more information.

 

The IFM is proud to have sponsored new legislation that will help protect Minnesotans who drive for or use popular ridesharing services such as UberX and Lyft as well as the general driving public.  The insurance used by these transportation network companies (TNCs) contained significant insurance coverage gaps.  The IFM helped pass a new law that would more fully regulate the insurance requirements of these ridesharing services to help protect Minnesotans in the event of an accident.  The new law takes effect July 1, 2015.

 

Insurance Fraud is a major problem in Minnesota, costing the average family more than $1,400 per year in higher premiums and other costs.  The IFM is partnering with the National Insurance Crime Bureau (NICB) to help call attention to the problem of insurance fraud and how it impacts you.  The Minnesota Senate Commerce Committee hosted a series of special interim hearings all across the state in 2013, which led to a report with many recommendations to help combat the problem.  Some of the recommendations are part of a 2015 legislative proposal to crack down on fraudulent medical providers and the deceptive advertising that accident victims have to endure when their names are sold off accident reports. 

 

Another part of the effort is to re-engage the Minnesotans Against Fraud and Higher Insurance Costs (MAFHIC) coalition, which is being renamed the Stop Fraud MN coalition.  Visit the Stop Fraud MN Facebook page at:  www.facebook.com/MAFHIC to 'like' the effort and keep informed on what to do next.

 

The IFM held it's 100th Annual Meeting on Wednesday October 1, 2014 at the Science Museum of Minnesota.  The event featured a panel of CEOs discussing severe weather, insurance fraud and workers' compensation issues with a keynote address by well known Twin Cities Meteorologist Paul Douglas.  For more information, see our news release by clicking on "Latest News."

 

 

September 11, 2014 marks the 100th anniversary of the founding of the Insurance Federation of Minnesota.  The IFM was founded 100 years ago when a group of insurance executives gathered to lobby the state of Minnesota to delay its efforts to monopolize the sale of workers' compensation insurance in the state.  That first effort took several years to reach a compromise but from these initial roots, a long lasting tradition began.  The Insurance Federation of Minnesota is now known for the high quality of its information provided to lawmakers and regulators and for the depth of the coalitions the IFM builds to work on issues of importance to its member companies and the insurance consumers of Minnesota.  Minnesota Governor Mark Dayton has proclaimed that Sept. 11, 2014 is Insurance Federation of Minnesota Day in Minnesota to honor the hard work and integrity of one of Minnesota's most long standing and respected business trade associations.  Click on Latest News to read the IFM's 100th Anniversary News Release.

 

 

 A major federal lawsuit alleging illegal kickbacks and racketeering against 46 Minnesota chiropractors and a mobile MRI provider was filed in U.S. District Court in Minneapolis in early 2014.   In late August, the lawsuit was dismissed by a Federal Judge.  To read the details on the original case click on Latest News for more.  The IFM has also issued a news release about the case and the growing problem of insurance fraud in Minnesota.  You can also read the release on the Latest News page.

 


Also, the National Insurance Crime Bureau released a report showing suspected claims involving insurance fraud are up more than 26% over the last two years in the U.S.   The problem in Minnesota may be even higher.  See below.  Click on Latest News for more.

January 2013:  NICB Report Shows Minnesota Leads the Nation in the Amount of Increase of Organized Crime in Insurance Fraud.  IFM Issues News Release Asking for Increased Vigilance to Combat Crime.  Click on Latest News for More.

 

Also, the National Insurance Crime Bureau released a report showing suspected claims involving insurance fraud are up more than 26% over the last two years in the U.S.   The problem in Minnesota may be even higher.  Click on Latest News for more.


January 2013:  NICB Report Shows Minnesota Leads the Nation in the Amount of Increase of Organized Crime in Insurance Fraud.  IFM Issues News Release Asking for Increased Vigilance to Combat Crime.  Click on Latest News for More.

IFM President Bob Johnson wrote an OpEd piece about the current status of Minnesota's Homeowners Insurance Market.  The piece was picked up by a number of newspapers, large and small, across the state.  Click on Latest News to read it.

The IFM's highly popular junior firesetter intervention series Marked By Fire is now available on the Internet.  Find out more by clicking on the Marked By Fire button the lower left of the screen.

 The IFM is continuing its partnership with the strong and growing consumer's group fighting junk lawsuits.  Click on Latest News for more details on Minnesotans for Lawsuit Reform (MnFLR).

Get cell phone and email contact information on the IFM staff.  Just log on to the Members Only section of the IFM Online and click on the link to Staff Contacts.

Minnesota Department of Employment and Economic Security Quantifies Importance of Insurance Industry Jobs to Minnesota.

Read the DEED Study's News Release by clicking on the link at the bottom of this page.

 

Click below to learn how to help us fix Minnesota's broken No-Fault auto insurance laws:

FIXING NO-FAULT = More Affordable Auto Insurance for Minnesotans!!

One out of every six Minnesota drivers breaks the law every time they get behind the wheel because they drive without auto insurance.

 

 

 


Attached Document or File IFM Testifies at Joint House/Senate No-Fault Insurance Hearing  February 28, 2006
Attached Document or File DEED News Release  


Unless otherwise noted, all materials on this site are copyrighted by the Insurance Federation of Minnesota, all rights reserved.