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National Interstate Named Forbes 100 Most Trustworthy Small-Cap Company
Richfield, OH, April 22, 2010 – National Interstate Corporation today announced that it has been chosen as the most trusted small-cap company on the Forbes 2010 Most Trustworthy Companies list. The Forbes list recognizes companies that consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.
To create the list, over 8,000 companies traded on the U.S. exchanges were evaluated, receiving an accounting and governance risk score. National Interstate was named the top small-cap company, and was also one of only three companies to receive a maximum score of 100.
“We are extremely pleased to be recognized by Forbes as one of the most trustworthy companies in the country,” said Dave Michelson, President and Chief Executive Officer of National Interstate. “Integrity has always been one of our core values, and one we commit to in all aspects of our business. We not only take pride in this ranking, but also believe it is important to our current and prospective customers. This designation confirms the highly ethical business practices we have demonstrated since our company was founded.” To view the April 5, 2010 article, please visit www.forbes.com.
About National Interstate
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.