Two pieces of news provide a flicker of hope amid the doom and gloom.
RICHFIELD, Ohio, Dec. 20, 2012 (GLOBE NEWSWIRE) -- National Interstate Insurance Company, a leading provider of transportation insurance, announced that effective January 1, 2013 it will now complement its long-standing captive fuel distribution business by offering a new traditional insurance program. The company is accepting applications for January 1, 2013 and beyond inception dates.
The new fuel distribution program will focus on best-in-class residential propane and fuel dealers with a commitment to safety and strong risk management practices. Coverage options include auto liability, general liability, auto physical damage, workers' compensation, property and excess umbrella. Crime and inland marine coverages are also available upon request.
National Interstate will market the program through a network of retail agents and brokers with experience in the fuel distribution industry.
"We are pleased to offer a one-stop-shopping experience custom tailored for fuel distribution operators," said Dave Michelson, President and Chief Executive Officer of National Interstate. "Since 2004 we have provided insurance products to the fuel distribution industry, giving us a solid understanding of both the business and its highly specialized needs. Our claims, customer service, and risk management professionals possess the experience and expertise to provide the highest level of service to fuel distribution operators."
"This new traditional program gives us an excellent opportunity to expand our current captive business in this market segment," added Jim Parks, Vice President. "We are also looking forward to partnering with retail fuel distribution producers in delivering a best-in-class insurance and risk management program."
For more information about National Interstate's new fuel distribution insurance program, contact Jerald Hess, at 800-929-1500 x1120, or email@example.com.
About National Interstate
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 small commercial vehicle accounts, 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 Honolulu, Hawaii, Mechanicsburg, Pennsylvania, and Fenton, Missouri.
CONTACT: Tanya InamaNational Interstate Corporation