Author: chris

STONETRUST RECEIVES A- RATING FROM A.M. BEST

Posted on June 8, 2022 by - Uncategorized

A- Rating from A.M. Best | Stonetrust

We are happy to announce our recent A- Rating from A.M. Best, which is a testament to our hard work and commitment to our agents and policyholders.

What the A- Rating Says About Stonetrust

Earning an A- rating from A.M. Best is a significant milestone that reflects Stonetrust’s commitment to financial strength and long-term stability. This designation indicates an excellent ability to meet ongoing insurance obligations, giving policyholders confidence in the company’s reliability. It also highlights strong operating performance and disciplined risk management, which are critical in today’s evolving insurance landscape. For agents and policyholders alike, an A- rating from a trusted agency like A.M. Best reinforces Stonetrust’s position as a dependable provider focused on protecting businesses and delivering consistent value.

A.M. Best published a full press release, which credited Stonetrust’s Financial Strength Rating (FSR) of A- (Excellent) and highlighted its balance sheet strength, adequate operating performance, limited business profile, and appropriate enterprise risk management (ERM) as key factors supporting the ratings upgrade.

Upon receiving the news, Stonetrust President and CEO Michael G. Dileo shared a message of gratitude with agency partners and employees: “Although it has been quite a journey, we knew with your extraordinary commitment and loyalty that we would eventually achieve this goal. We appreciate your support and the trust that you have given us through the years. This is a benchmark milestone for our company and an accomplishment that we humbly share with all of you. Thank you for your commitment to our success. We believe the best is yet to come!”

Workers’ Compensation Coverage Across 14 States

Stonetrust is a regional insurance company headquartered in Baton Rouge, LA providing workers’ compensation and employers’ liability insurance in 14 states across the Midwest and Southeastern United States. Stonetrust provides statutory workers’ compensation insurance to employers large and small, with a concentration in construction, wholesale, retail, manufacturing, and other service-related businesses. 

STONETRUST GOES LIVE WITH INSURITY’S WORKERS’ COMP SUITE

Posted on December 13, 2021 by - Uncategorized

In an effort to continue meeting the needs of our policyholders and agency partners, Stonetrust has unveiled a new user portal powered by Insurity. The new platform will streamline the user experience by providing easy, convenient access to key information for policyholders and agents alike. Policyholders will be able to access policy and claims documentation, as well as manage payments and account information. For agents, the portal provides visibility into policy applications, quotes and overall books of business, as well as access to reporting tools.

BusinessWire published a full press release that details the extent of the software implementation and the impact it will have on Stonetrust’s operations.

2021 STONETRUST ANNUAL REPORT

Posted on May 25, 2021 by - Uncategorized

We are pleased to share our 2021 Annual Report, which details the many accomplishments Stonetrust was able to achieve throughout 2020. Despite the challenges presented by the pandemic, we were able to exceed our expectations for profitability and capitalization and surpassed the milestones that were established in 2019.

We know our success is only possible because of our great relationships with our agency partners and their teams. Thank you for your partnership with Stonetrust and your commitment to our success.

View Annual Report

A.M. BEST REVISES STONETRUST OUTLOOK TO POSITIVE

Posted on May 20, 2021 by - Uncategorized

A.M. Best has affirmed Stonetrust’s Financial Strength Rating of a B++ (Good), reflecting favorable considerations in the group’s overall balance sheet strength.

The rating affirmation reflects Stonetrust’s balance sheet strength, which A.M. Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

The outlook revisions to positive reflect favorable considerations regarding Stonetrust’s overall balance sheet strength. A.M. Best expects Stonetrust to continue to report favorable loss reserving trends, maintain the strongest level of risk-adjusted capitalization, as measured by Best’s Credit Adequacy Ratio (BCAR), and continue to generate organic surplus growth through profitable underwriting and investment performance.

Click to view the full press release from A.M. Best.