Stonetrust Workers' Compensation Achieves A Rating Upgrade

Stonetrust Workers' Compensation Receives A Rating Upgrade
AM Best, a renowned credit rating agency specializing in the insurance sector, has recently upgraded the financial strength rating of Stonetrust Commercial Insurance Company from A– (Excellent) to an impressive A (Excellent). This upgrade emphasizes Stonetrust's robust financial standing and operational success, as the company continues to provide quality workers' compensation services.
The Significance of the Upgrade
Stonetrust has seen considerable growth, catering to over 5,000 policyholders across multiple states, including significant coverage in the Midwest and Southeastern regions. The company's expansion plans are set to enter North and South Carolina shortly, underscoring their commitment to providing comprehensive workers' compensation insurance.
According to AM Best, the rating improvement is attributed to Stonetrust's strong balance sheet and sustained profitability, highlighted by five years of positive financial performance. This acknowledgment is not only an accolade but a testimony to the effective strategies employed by the management team.
Leadership Insights
Stonetrust President, Michael G. Dileo, expressed his enthusiasm regarding the rating upgrade. He noted that, "The upgrade is a compliment to the tremendous team that we've assembled at Stonetrust and reinforces the momentum and progress that we've achieved in the last few years." This response signifies Stonetrust's dedication to its core values and mission.
Commitment to Profitability and Partnerships
Dileo further emphasized that achieving this upgrade shortly after their previous A – rating is a remarkable feat. He highlighted the company's commitment to profitability and the strong partnerships cultivated with agency partners, which have greatly supported their business operations and expansion plans.
About Stonetrust Commercial Insurance
Stonetrust is a prominent regional insurance provider focusing on workers' compensation and employers' liability insurance. Headquartered in Louisiana, the company operates across twelve states, including a diverse range of industries from construction to manufacturing. Their primary goal is to serve both large and small employers, ensuring comprehensive statutory workers' compensation coverage.
As Stonetrust continues to grow its footprint in the insurance market, their commitment to quality service and financial excellence remains unwavering. They aim to stand as a trusted partner for all businesses requiring workers' compensation insurance.
Contact Information
For further inquiries about Stonetrust Commercial Insurance, please reach out to:
Joseph McCormick, Vice President of Sales & Marketing
(225) 201-8049
Frequently Asked Questions
What is the new rating for Stonetrust Commercial Insurance?
The company has been upgraded to an A (Excellent) rating by AM Best.
How many states does Stonetrust operate in?
Stonetrust provides services across twelve states, focusing on the Midwest and Southeastern regions.
What industries does Stonetrust serve?
Stonetrust caters to a variety of industries including construction, wholesale, retail, manufacturing, and service-related businesses.
Who is the President of Stonetrust?
Michael G. Dileo serves as the President of Stonetrust Commercial Insurance.
What does the A rating signify?
An A rating indicates a strong financial position and favorable operating performance in the insurance sector.
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