KANSAS INSURANCE NEWS
AM Best Upgrades Credit Ratings of Kansas Mutual Insurance Company AM Best has upgraded the Financial Strength Rating to A ( Excellent ) from A- ( Excellent ) and the Long-Term Issuer Credit Rating to “ a ” ( Excellent ) from “ a- ” ( Excellent ) of Kansas Mutual Insurance Company ( KMIC ). The outlook of these Credit Ratings ( ratings ) has been revised to stable from positive .
The ratings reflect KMIC ’ s balance sheet strength , which AM Best assesses as very strong , as well as its strong operating performance , limited business profile and appropriate enterprise risk management .
As part of SB 37 , the producer licensing bill passed in 2021 , the Kansas Insurance Department will be migrating its licensing information to NIPR ( National Insurance Producer Registry ) and SBS ( State-Based Systems ) soon . Due to this change , you will not be able to process any Kansas licensing transactions between Dec . 30 , 2021 – Jan . 11 , 2022
Maria Dressman from the Elliott Group was installed as Chairperson of the Insurance Intelligence Committee , the Board that oversees the Mid-America Insurance Conference ( MAIC ). MAIC held its annual meeting in Kansas City , November 15 and 16 .
Stonetrust Workers ' Compensation President and CEO Michael G . Dileo announced that the company is now writing workers ’ compensation coverage in Kansas effective January 1 , 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 .
Get to know a better workers ’ comp experience .
Instant decisions
We auto-decide 73 % of class codes so you ’ re not waiting for a response .
Broad risk appetite
We cover class codes representing 88 % of the small business market , so there ’ s no need to shop around .
Savings of up to 30 %
We can schedule rate policies regardless of size to save your clients more .
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