Category: Uncategorized

Stonetrust Owner Francis Chou Featured In The Globe And Mail

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 ENTERS IOWA & GEORGIA

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.

2022 STONETRUST ANNUAL REPORT

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 RECEIVES A-RATING FROM A.M. BEST

We are happy to announce our recent ratings increase, which is a testament to our hard work and commitment to our agents and policyholders.

A.M. Best published a full press release, which credited Stonetrust’s balance sheet strength, operating performance, limited business profile and appropriate enterprise risk management (ERM) as having impact on the ratings upgrade.

Upon receiving the news, Stonetrust President and CEO Michael G. Dileo shared a message of gratitude with agency partners and employees alike: “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!”

STONETRUST ENTERS KANSAS & ALABAMA

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.

STONETRUST GOES LIVE WITH INSURITY’S WORKERS’ COMP SUITE

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

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.

A.M. BEST REVISES STONETRUST OUTLOOK TO POSITIVE

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.