National Interstate Insurance is marking 30 years in the insurance industry, looking back at its long history and how far the company has come since then.
Established in 1989, National Interstate offers a wide range of commercial insurance products – traditional insurance and innovative alternative risk transfer, or captive – for the transportation industry. The company offers its products and services through a number of operating subsidiaries, which include: National Interstate Insurance Company, Vanliner Insurance Company, Triumphe Casualty Company, National Interstate Insurance Company of Hawaii, Inc., American Highways Insurance Agency, TransProtection Service Company, and Safety, Claims and Litigation Services, LLC.
“I am deeply fulfilled when I look back over our last 30 years,” commented National Interstate president and CEO Tony Mercurio in a release celebrating the occasion.
In his remarks, Mercurio briefly touches upon the origins of National Interstate.
“In 1989, National Interstate was an entrepreneurial start-up company with just a dozen employees marketing only passenger transportation insurance,” he said. “Through the years, we have reached many significant milestones, including becoming a market leader of transportation insurance, as well as alternative risk transfer insurance programs. Our ability to design specialized products and enter new markets has resulted in significant and continuous growth.”
Mercurio also notes how much the company has changed over the times, offering more products than ever before.
“While National Interstate remains a leader in passenger transportation insurance, it has grown and diversified throughout its 30-year history,” he explained. “The company is now a leader in providing insurance for moving and storage companies through its Vanliner subsidiary and customized insurance products for the trucking industry. Today, National Interstate offers more than 30 specialty products, continuously exploring and entering new insurance niches.”
National Interstate might have had a successful 30-year run, but Mercurio believes there is still much more for the company to accomplish.
“We are still an entrepreneurial company that embraces opportunities in the marketplace that other insurance carriers might shy away from,” he said. “We recognize the success we enjoy today would not be possible without the efforts of our talented and dedicated team of employees, as well as our many loyal agents and customers. We’re not building for tomorrow, or the next day; we are building for the next 30 years, which I believe will be even better than the first 30.”