National Interstate Corporation, headquartered in Richfield, Ohio, and its principal operating subsidiary, National Interstate Insurance Company, are celebrating 20 years of service in the transportation insurance industry.
National Interstate has enjoyed significant growth since its inception in 1989, and offers a broad array of programs including traditional insurance and innovative captive solutions. The company also provides personal lines products for specialty vehicle owners, as well as transportation and general commercial insurance in Hawaii and Alaska.
National Interstate specializes in passenger transportation insurance in the U.S., but it has also expanded its offerings to include over 30 specialty products. The company insures everything from school buses, motor coaches, trucks, limousines and non-emergency medical transportation to all types of recreational vehicles and commercial vehicles used by small business owners.
Additionally, it has become the leading writer of transportation captive insurance programs, which now represents over half of its gross premiums written, according to National Interstate’s announcement.
“We attribute our success in alternative risk transfer programs to the partnership philosophy it fosters. Captives give commercial insurance buyers an alternative to traditional insurance allowing them to share risk and reward with other operators. Captive customers enjoy many long-term benefits including controlling their insurance costs, sharing risk management and best practices, and having direct access to our senior management,” said Dave Michelson, president and chief executive officer of National Interstate Corporation.
In conjunction with its product and market expansions, National Interstate has built its team of insurance professionals to over 350 employees. The National Interstate group of companies also has offices in Hawaii, Pennsylvania and the U.S. Virgin Islands.
National Interstate offers its products through a network of agents and brokers in all states and the District of Columbia. The company is an independently operated subsidiary of Great American Insurance Company, a property-casualty subsidiary of American Financial Group Inc.
Source: National Interstate Corporation, www.natl.com
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