What's Happening?
Stonetrust Commercial Insurance, a Louisiana-based workers’ compensation carrier, has announced its expansion into North Carolina. This move increases the number of states in which Stonetrust operates
to 13, covering regions in the Southeast and Midwest. The company is now accepting submissions from appointed independent agencies for accounts in North Carolina, with policies effective from January 1, 2026. Stonetrust, led by CEO Michael Dileo, focuses on providing workers’ compensation and employers’ liability insurance, particularly for industries such as construction, wholesale, retail, manufacturing, healthcare, and service-related firms.
Why It's Important?
Stonetrust's expansion into North Carolina represents a strategic growth opportunity in a competitive insurance market. By increasing its geographic footprint, the company can tap into new customer bases and diversify its risk portfolio. This expansion is significant for local businesses in North Carolina, offering them more options for workers’ compensation insurance. It also reflects broader trends in the insurance industry, where companies are seeking to expand their reach and enhance their service offerings to remain competitive.
