Author: Chelsea Stiebing

Since 1993, our commitment to reliability has led us on an incredible journey with our agents and policyholders. Our dedication to building and fostering these relationships is at the core of who we are, so when they spoke up…we listened.

They expressed their prior frustrations with other workers’ compensation companies and the hurdles they have faced over the years. From fancy gimmicks and unclear incentives, to going round and round with underwriters, it has become clear that some companies simply drop the ball all too frequently.

As we listened carefully to the feedback from our customers and partners, a vision began to emerge. The complicated interaction and slow response times of other companies reminded us of a Rube Goldberg machine, a contraption intentionally designed to perform a simple task in an overly complicated way. This comparison seemed to capture the complexity and additional steps required of agents and policyholders by other insurance companies as part of their workers’ compensation underwriting process. 

Please take a moment to watch our version of the Rube Goldberg machine. To us, it illustrates how other workers’ compensation companies have complicated processes and unreliable service.  Stonetrust provides a better way – always available and responsive, delivering personalized service every time.

Stonetrust Owner, Francis Chou, founder of Chou Associates Management Inc. recently received the award for Top Canada Investment Firm 2022.

The flagship Chou Associate Funds boasts a long-running and consistent track record since their inception in 1986 as the best-performing equity fund in Canada, says the Financial Services Review.  

Read more about Chou’s investment strategy by reading the article below.

Stonetrust’s owner, Francis Chou, was recently interviewed by The Globe and Mail about his award-winning successes within volatile financial markets.

Chou spoke with the publication about his investment strategy and his outlook for the future. The full feature article delves into Chou’s opinions on bonds vs equities, as well as his philosophy on stock valuation.

Stonetrust Workers’ Compensation Insurance Company will begin writing workers’ compensation coverage in Iowa and Georgia effective October 1st, 2022. This announcement follows the Baton Rouge based company’s recent Financial Strength Rating (FSR) upgrade to A- Excellent by AM Best. We look forward to growing our “First Choice” brand in both new states!

For information about establishing an agency partnership with Stonetrust in Iowa or Georgia, please contact us.

We are very pleased to share with you our 2022 Annual Report, which showcases the many accomplishments the company achieved throughout 2021!

Stonetrust continues to perform exceptionally well, and we are looking forward to the opportunities created by our new A- rating. Our vision is to be the premier or “First Choice” workers’ compensation carrier for all our agents and policyholders. Although the current market environment remains extremely competitive, we have built a solid reputation as a financially strong company that is easy to work with and committed to outperforming our peers. Because of the talented team that we have assembled at Stonetrust and the support that we receive from all of you, our expectation is that we will achieve another strong result in 2022!

This year’s Annual Report also includes a tribute to long-time Stonetrust employee Glen Grigsby, who led the company’s marketing and underwriting efforts for many years. Glen contributed significantly to the formation, establishment, and growth of Stonetrust. His passion and legacy have endured, and his commitment to making Stonetrust the best workers’ compensation insurance company around continues to serve as the inspirational vision for the company’s future.

Stonetrust Workers’ Compensation President and CEO Michael G. Dileo announced today that the company is now writing workers’ compensation coverage in Kansas and Alabama effective January 1, 2022.

“I’m excited to announce that we’re now offering workers’ compensation coverage and services in Kansas and Alabama as part of our evolving plans for regional expansion,” said Dileo. “Our focus is to continue providing great service to our loyal agents, their policyholders and their injured employees. We are also currently working on plans to enter Iowa and Georgia by the end of 2022.”

Stonetrust is headquartered in Baton Rouge, Louisiana and is now operating in ten states including Louisiana, Texas, Oklahoma, Arkansas, Mississippi, Nebraska, Missouri, and Tennessee in addition to Kansas and Alabama.

Stonetrust specializes in statutory workers’ compensation insurance for employers large and small, with a concentration in healthcare, construction, wholesale, retail, manufacturing, and other service-related businesses.