The 1980s were turbulent times for a number of industries, but none more so than for the underground storage tank industry. Leaking underground storage tanks (LUSTs) were in the national news and the insurance industry took notice – by refusing to write the environmental risks of underground storage tank manufacturers. The manufacturing members of the Steel Tank Institute (now STI/SPFA) were left with only one choice: forming their own insurance company. In 1988, the Steel Tank Insurance Company (STICO) was born.
STICO Mutual is a national, A-rated, member-owned insurance company with a niche focus: manufacturers, installers and distributors of storage tanks, vessels and related products.
