Hurricane Harvey made landfall on the Texas coast as a Category 4 storm on August 25th with winds of 130 miles per hour and went on to devastate Houston, Beaumont, and parts of Southwestern Louisiana with floodwaters and other damage as the days wore on. Now that the affected areas have switched to recovery mode, we reached out to workers’ compensation insurers based in Louisiana that also write in Texas to ask how they are handling the crisis and if they expect any increase in business due to re-building efforts, as occurred in Louisiana after Hurricanes Katrina and Rita in 2005.
Sandie Davis, Underwriting Operations Manager for Baton Rouge-based Stonetrust Commercial Insurance Company, is our August “Women in Comp” featured executive. Read on to get Davis’ take on Louisiana’s market conditions, and how she predicts technology may influence the future of the workers’ comp industry.
A new CEO is in at Baton Rouge-based Stonetrust Commercial Insurance Company. Michael Dileo, most recently Senior Vice President of Operations at Stonetrust, has succeeded founding President Tim Dietrich, who led the company for 24 years. Louisiana Comp Blog spoke to Dileo about the future of the company under his leadership and what’s behind the persistent soft market in Louisiana.