RICHFIELD, Ohio, Sept. 3, 2015 (GLOBE NEWSWIRE) -- National Interstate Corporation announced that for the second year in a row it has earned a spot on Forbes 50 Most Trustworthy Financial Companies List. This marks five consecutive years of recognition from Forbes, as National Interstate was listed on Forbes 100 Most Trustworthy Companies List from 2010 to 2013.
To develop the Forbes lists, the accounting and governance behaviors of publicly-traded banks and insurance companies in North America are evaluated and scored on a variety of factors including their revenue and expense recognition methods. After evaluation, Forbes compiles a list of financial companies that demonstrate a very high level of integrity in financial reporting and awards this prestigious ranking.
"We are truly honored that Forbes continues to recognize National Interstate as one of America's Most Trustworthy Companies," said Julie McGraw, Vice President and Chief Financial Officer of National Interstate. "Since our inception in 1989, we have fostered a culture of integrity and ethical business practices throughout our organization."
"We believe our transparency and credibility are very important to all of our business partners and shareholders," added Dave Michelson, President and Chief Executive Officer of National Interstate. "We also recognize that this achievement could not be possible without the dedication and hard work of our employees who focus everyday on maintaining our high company standards and values."
About National Interstate Corporation
An Insurance Experience Built Around You
National Interstate Corporation (Nasdaq:NATL), founded in 1989, is the holding company for a specialty property-casualty insurance group which differentiates itself by offering products and services designed to meet the unique needs of niche markets. Products include insurance for passenger, truck, and moving and storage transportation companies, alternative risk transfer, or captive programs for commercial risks, specialty personal lines products focused primarily on recreational vehicle owners, and transportation and general commercial insurance in Hawaii and Alaska. The Company's insurance subsidiaries, including the three primary insurers, National Interstate Insurance Company, Vanliner Insurance Company and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company. Headquartered in Richfield, Ohio, National Interstate is an independently operated subsidiary of Great American Insurance Company, a property-casualty subsidiary of American Financial Group, Inc. (NYSE:AFG) (Nasdaq:AFG).