RICHFIELD, Ohio, Nov. 11, 2009 (GLOBE NEWSWIRE) -- National Interstate Insurance Company, a leader in captive insurance programs, has expanded its Titan Group Captive Insurance Program to include General Liability coverage. Titan is believed to be the only group captive program on the market today designed specifically for mid to larger cranes, riggers and specialized heavy haulers. The program now offers coverage for Auto Liability, Physical Damage, Workers' Compensation and General Liability, and is available in all states.
Unlike traditional insurance programs, Titan brings long-term control over unpredictable insurance pricing as well as many other unique benefits for companies that foster a commitment to safety excellence. The program provides an innovative risk management solution with the potential for reduced long-term insurance costs and annual return of premium and investment income.
"Adding General Liability is a major enhancement for the Titan program," said Tony Mercurio, Vice President of Alternative Products. "We are very pleased to be able to offer this high-demand coverage to our crane, rigging and heavy haul customers. It rounds out the portfolio we have built for this specialized industry, and allows us to better serve our clients."
"We are proud of Titan's successful evolution over the past several years," said Terry Phillips, Senior Vice President. "We believe this recent enhancement will allow us to reach even more companies ready for an alternative risk management solution which allows them to share risk and reward with other best-in-class operators. This program expansion is just one more example of National Interstate's leadership in the alternative risk transfer insurance market."
National Interstate currently has over 27 unique captive programs, which represent over half of its gross written premiums. The company is rated "A" (Excellent) VIII by A.M. Best Company, and has a 20-year history of strong growth and financial stability. To learn more about National Interstate's Titan Group Captive Insurance Program, contact Shawn Los, Product Manager at 800-929-1500 x 1153, or email shawn.los@NATL.com.
About National Interstate
National Interstate Insurance Company, a wholly owned subsidiary of National Interstate Corporation (Nasdaq:NATL), is a specialty property and casualty insurance holding 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. Our products include insurance for 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. We offer our insurance products through multiple distribution channels including independent agents and brokers, affiliated agencies and agent Internet initiatives. Our insurance subsidiaries 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 St. Thomas, Virgin Islands.