transportation insurance News

National Interstate Accepts $660M Buyout by American Financial

National Interstate Corp., the provider of insurance to the transportation industry, accepted majority-owner American Financial Group Inc.’s sweetened bid of $32 a share to buy the stock that it doesn’t already own. The offer values National Interstate at about $660 …

RLI’s Dunn Named Carolina Casualty CEO

W. R. Berkley Corp. has appointed David A. Dunn as president and chief executive officer of its trucking insurance specialist, Carolina Casualty. Dunn has 40 years of experience in the property/casualty insurance industry, principally in the specialty transportation segment. Most …

K2 Insurance Acquires MGA, Launches Workers’ Comp, Accident Program with QBE

Program specialist K2 Insurance Services (K2) has acquired a New Jersey managing general agency specializing in workers’ compensation alternatives and also launched a nationwide workers’ compensation program with another Kentucky program manager and QBE North America. K2, which was formed …

American Financial Offers to Buy Rest of Insurer National Interstate for $293M

About two years after withdrawing a similar offer, American Financial Group Inc. is proposing to acquire all of the outstanding common shares of specialty transportation insurer National Interstate Corp. that its subsidiary, Great American Insurance Co., does not already own. …

Norman-Spencer Adds Auto Dismantler Program

The Norman-Spencer Agency, Inc. has launched a new auto dismantler insurance program through its Northern Star Management transportation division. This national program is designed for professional salvage yards/dismantlers engaged in the sale of used parts to the public. Full package …

TUMI Now a Lloyd’s Coverholder, Launches Auto Liability & Transportation Programs

Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, is now an approved Lloyd’s Coverholder and recently began underwriting business on behalf of certain underwriters at Lloyd’s.  Available coverages include, but are not limited to: motor truck cargo, auto physical …

Horgan, Pace Join Transportation Insurer Canal Insurance in South Carolina

Canal Insurance Co. in Greenville, South Carolina, has named Tim Horgan as vice president, Transportation, and chief marketing officer, and Bob Pace, vice president and chief claims officer, to the executive leadership team. Horgan assumes profit and loss accountability for …

National Interstate Launches New Ambulance Insurance Product

National Interstate Insurance Co. has launched a new insurance program targeted towards for-profit emergency and non-emergency ambulance transportation operations.  The company will began accepting applications on January 2, 2014, and is actively seeking to increase its producer network. National Interstate …

Trinity Risk Opens New Office in Kansas City

Trinity Risk LLC, a program manager and wholesale broker specializing in owner operator lines of insurance, has opened a new office in Kansas City, Mo., and hired Amy Milburn as account executive. An experienced trucking insurance executive, Milburn specializes in …