RICHFIELD, Ohio, Dec. 4, 2013 (GLOBE NEWSWIRE) -- National Interstate Insurance Company, a leader in transportation insurance since 1989, announced a new group rental captive for waste haulers to complement its traditional insurance program. The company is now seeking visionary operators with a solid track record in the waste industry to become founding members.
"It is very exciting to pioneer an alternative risk transfer (ART) program created specifically for waste operators, especially since this segment has been extremely underserved when it comes to ART options," said John Rich, Director of Environmental Transportation at National Interstate. "This group rental captive is an innovative risk management solution for waste operators who are committed to safety excellence. Companies joining the program will enjoy more premium stability than the traditional market, as well as the potential to receive some of their premium back if it is not used to pay claims. In addition, they may earn investment income on a portion of their premium. We are also providing a unique distribution approach that allows retail agents to work directly with us – a partnership that has been difficult to find in today's MGA-driven marketplace."
National Interstate offers a one-stop-shopping experience for coverages including auto liability, auto physical damage, general liability, as well as workers' compensation. Targeted operations include best-in-class residential, commercial and industrial collection, recyclers, construction and demolition debris removal, transfer stations, and material recovery facilities.
"With 18 years of experience in transportation ART programs, we are pleased to launch this exclusive new program for waste operations," said George Skuggen, Vice President of Truck Products for National Interstate. "We have the expertise to serve this highly-specialized niche by delivering the highest level of service including in-house claims handling, dedicated customer service, and proactive risk management programs designed to help companies run the safest operation possible. Customers can also depend on our financial strength and stability. National Interstate is rated A (Excellent) by A.M. Best Company, and has been named to Forbes 100 Most Trustworthy companies for four consecutive years."
National Interstate is an active member of the National Waste and Recycling Association.
For more information about National Interstate's waste operations group rental captive, contact Lauren Fronczek at firstname.lastname@example.org, or 800-929-1500 x1141.
About National Interstate
An Insurance Experience Built Around You.
National Interstate Insurance Company, a wholly owned subsidiary of National Interstate Corporation, is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. We differentiate ourselves by offering insurance products and services designed to meet the unique needs of targeted insurance buyers. Products include insurance for passenger, moving and storage, and truck transportation companies, alternative risk transfer, or captive insurance programs for commercial risks, specialty personal lines consisting of insurance products focused primarily on recreational vehicle owners, and transportation and general commercial insurance in Hawaii and Alaska. National Interstate and its insurance subsidiaries, which include Vanliner Insurance Company and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company. Founded in 1989, we are headquartered in Richfield, Ohio with operations in Kapolei, Hawaii, Mechanicsburg, Pennsylvania, and Fenton, Missouri.
CONTACT: Tanya Inama National Interstate Corporation 877-837-0339 investorrelations@NATL.comSource:National Interstate Insurance Company