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 …
National Interstate Insurance Co. has enhanced its specialty recreational vehicle insurance product offering in the state of New York with additional coverages including total loss replacement, agreed value, and consignment. According to Tony Mercurio, executive vice president and chief operating …
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 …
National Interstate Insurance Co. has formed a new group rental captive for waste haulers to complement its traditional insurance program. The company is now seeking operators with a solid track record in the waste industry to become founding members. According …
National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise quarterly loss. National Interstate, which insures transportation providers, fell 18 percent …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” of National Interstate Corporation (NATL), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a+” of the operating members of National Interstate Group …
National Interstate Corp., headquartered in Richfield, Ohio, has appointed Tony Mercurio as executive vice president and chief operating officer for the company, effective Jan. 1, 2013. Mercurio joined National Interstate in 1997 and currently serves as chief executive officer of …
Richfield, Ohio-based National Interstate Insurance Co. announced it is expanding its trucking insurance program by targeting heavy haul, crane and rigging operations. The program offers coverage for auto liability, physical damage, workers’ compensation and general liability, and is available in …
National Interstate Corp., headquartered in Richfield, Ohio, reported 2012 first quarter gross premiums written of $130.2 million and net after-tax earnings from operations of $8.6 million or $.44 per share. Gross premiums written decreased 3 percent compared to the 2011 …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Ohio-based National Interstate Group and its members. Best also affirmed the ICR of “bbb+” of the group’s publicly traded parent, …
