RICHFIELD, Ohio, Oct. 13, 2016 (GLOBE NEWSWIRE) — National Interstate Insurance Company is proud to announce the 10th anniversary of our Titan Specialized™ alternative risk transfer (“ART”) program.
Since its inception in 2006, Titan Specialized has been the premier insurance program for the crane, rigging, and specialized carrier industry. This ART program is an innovative risk management solution for companies committed to safety excellence. Through participation in this program, members have the potential to lower their overall insurance costs and enjoy greater flexibility in obtaining the appropriate coverages and corresponding premiums, as well as the possibility to receive back a portion of their loss fund amount if it is not used to pay claims.
“The growth and success of Titan Specialized has surpassed all of our expectations to date,” said Shawn Los, Vice President of Specialty Transportation, National Interstate. “We thank our dedicated members who have made the last ten years possible.”
Titan Specialized provides the opportunity for members to help manage their insurance needs and share best practices. With a dedicated underwriting team, in-house claims handling, and proactive risk management programs, the Titan Specialized program is uniquely tailored for crane, rigging and specialized carrier companies. National Interstate offers a one-stop shopping experience for coverages including auto liability, general liability, and workers’ compensation.
“At Intermountain Rigging & Heavy Haul, we invest in safety. The Titan Specialized insurance program has greatly helped us focus and leverage that investment through superb loss prevention tools,” said Steve Knight, Managing Partner of Intermountain Rigging & Heavy Haul. “The program has truly met our insurance needs at a competitive price. More than just the financial benefits, we have also enjoyed associating with and learning from other members who share a similar culture of safety.”
Mike Battaini, President, Sheedy Drayage believes “Having been in this National Interstate program since its beginning 10 years ago, we have seen the positive results of an ART insurance program. The members are involved with the management of the program, including voting on the entry of new members. Since we all share risk with one another, we want to feel comfortable with the other members and their business and safety practices. Individually, Sheedy Drayage has had positive loss experience overall so it has received portions of its loss funds at the end of a commutation period. For my business, joining Titan Specialized was one of the best decisions we’ve made.”
For more information about National Interstate’s Titan Specialized insurance program, contact Thomas Skuggen [email protected], or 800-929-1500 x1101.
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: PRESS CONTACT: Amanda Genther, Media Relations National Interstate Insurance [email protected] | 330-523-5482