March 23, 2023
2022 results: Consistent focus on customer service drives historic performanceSFM soared to new heights in 2022, and the company’s remarkable financial results are only part of the story. We continue hearing from our agents and policyholders that we’re delivering on our commitment to provide excellent customer service.
March 23, 2023
Benefits of breaking out workers’ compensation from other lines of insuranceWhen you’re helping clients understand their options for workers’ compensation coverage, we've provided a few points you can share about the advantages of going monoline and choosing SFM.
March 23, 2023
Resource helps employers keep their newest employees safeSFM’s new Safety Orientation Success Guide helps employers protect a group at high risk for work injuries: new employees.
March 23, 2023
SFM state expansion initiative hits new milestonesWe’re coming up on three years since we entered the state of Kansas in September 2020. Over that time, our agency partners there have helped us write more than 500 policies for nearly $2 million in written premium.
March 23, 2023
Audit noncompliance can lead to cancellation of current policyWhen a policy goes into cancellation, even if the insured completes the prior term audit, the policy may remain canceled unless the agent contacts the underwriter.
March 23, 2023
SFM attending upcoming 2023 industry eventsSee the list of 2023 industry events SFM is planning on attending over the next few months.
December 19, 2022
Letter from the President: Strong partnerships drive solid financial resultsThrough the whirlwinds of a global pandemic and continued economic uncertainty, policyholders are consistently choosing to stay with SFM, and independent agents are bringing more and more new accounts into the fold. We thank our valued agency partners for sharing our dedication to service, safety and positive results for our customers.
December 19, 2022
SFM expands appetite in Kansas, preps for entrance into TennesseeSFM’s territory expansion hits a new high as we broaden our appetite in Kansas and continue efforts to grow in Tennessee in 2023.
December 19, 2022
Encourage employers to report injuries immediatelyEmployers don’t always know how important it is to report work injuries immediately. As an agent, you can provide vital information on how timely reporting can impact the trajectory of a workers’ compensation claim.
December 19, 2022
Agents can now set up AutoPay and one-time payments at bindingAgents can now set up AutoPay and one-time payments for your customers while binding new business in SAM.
December 19, 2022
SFM Wisconsin pool continues to growSince SFM was named a servicing carrier for the Wisconsin Worker’s Compensation Insurance Pool in late 2021, new pool business has been coming in steadily and is currently ahead of plan.
October 5, 2022
SFM adds time-saving features for agentsWe know your days are busy, and we continue working to streamline processes and offer time-saving tools to our agency partners.
October 5, 2022
Changing marijuana laws and the impact on work compGiven the prevalence of THC-infused products, employers are asking about the impact of these potentially intoxicating substances on the workers’ compensation system.
October 5, 2022
SFM territory expansion: Sights set on TennesseeSFM has selected the Volunteer State as our 2023 expansion state, continuing our plans for growth. Our team is already meeting with key industry contacts in the state to develop relationships with regulators, agencies, and agency associations.
October 5, 2022
SFM and Underwriter Jeff Magee recognized by the IIANThe Independent Insurance Agents of Nebraska recognized SFM for outstanding effort and service with two annual awards for 2022.
October 5, 2022
Agents can update policy effective dates on SAM applicationsUsers of SFM Agency Manager (SAM) now have the ability to change effective dates on quoted applications, including approved quotes. We added this feature earlier this year in response to feedback from agents.
October 5, 2022
Minnesota rating structure changes in 2023Starting in 2023, the Minnesota Workers’ Compensation Insurers Association will be including trend, tail development, and loss adjustment expense data in pure premium base rates.
October 5, 2022
SFM Foundation in-person fall fundraising event returnsBack by popular demand, the SFM Foundation’s live fall fundraising event is scheduled for this November.
October 5, 2022
Policyholders receive portion of WCRA distributionThe Workers’ Compensation Reinsurance Association is distributing $35 million to policyholders who had Minnesota workers’ compensation policies in 2020.
July 5, 2022
SFM’s Wisconsin pool business grows steadilyIn late 2021, SFM became a servicing carrier for the Wisconsin Worker’s Compensation Insurance Pool and the first year has been busy. Through the first two quarters of the year, SFM has been writing 60-80 new policies per week, totaling 1,800 policies for $5.3 million in premium. SFM will take on new pool accounts until reaching 20% of the state’s pool policyholders.
June 27, 2022
Expert claim handling lets agents rest easyOur unique combination of effort, expertise and empathy allows us to provide the superior service that our customers and their employees rely on.
June 27, 2022
Wisconsin law changes impact part-time workers, PPD benefitsA number of changes to the Wisconsin Worker’s Compensation Act were signed into law in April.
June 27, 2022
Iowa Supreme Court defines ‘shoulder’ in rotator cuff work comp injury caseOn April 1, 2022, the Iowa Supreme Court affirmed a district court’s finding in Chavez v MS Technology LLC/Westfield Insurance Co. that an employee’s injury was a scheduled member injury to her shoulder rather than an unscheduled whole-body injury, agreeing that the definition of “shoulder” should not just be limited to the joint.
June 27, 2022
MN Supreme Court upholds benefits award in multi-employer work comp hearing loss caseOn May 16, 2022, the Minnesota Supreme Court upheld an award of workers’ compensation benefits to an employee for his hearing loss due to long-term exposure to noise over a 30-year period working for five employers.
June 27, 2022
Policyholders give premium audit experience high marksPolicyholders continue to give SFM’s premium audit experience high marks in follow-up surveys.
June 27, 2022
SFM Foundation holds fundraisers, new scholarships awardedSince its inception in 2008, the Foundation’s scholarship program has helped 216 students, including the 13 new recipients announced this summer.
June 27, 2022
SFM employees connect with college studentsA number of SFM employees took time recently to talk with students about issues in insurance, and careers in the field.
June 27, 2022
SFM grows employee base in Iowa, WisconsinSFM continues to expand its employee base in states beyond its Minnesota headquarters.
March 24, 2022
2021 results: Remarkable performance on a solid foundation of customer serviceBy all objective measures, SFM’s financial results for 2021 are outstanding. From reaching new heights in customer retention to setting records in new business and total written premium, the company has excelled in virtually every category of performance.
March 24, 2022
Sign up now for direct deposit commissionsHundreds of agencies have signed up to have their commissions deposited directly into their bank accounts. If you haven’t signed up yet, now is the time!
