S&P Affirms National Interstate Insurance ‘BBBpi’
Standard & Poor’s affirmed its “BBBpi” financial strength rating on National Interstate Insurance Co., based in Richfield, Ohio. The rating action reflects the company’s good capitalization and positive operating results, which are partially offset by the company’s limited business scope and volatility in its premium revenues growth. National Interstate Insurance Co. is a stock company licensed in all 50 states and the District of Columbia.
It is a member of American Financial Group Inc., a large insurance group specializing in private passenger auto, specialty property/casualty insurance, tax-deferred annuities, and certain types of life and health insurance. The company mainly writes recreation vehicle and commercial automobile coverage for trucks and public transportation, which is distributed primarily through independent general agents. National Interstate Insurance Co. commenced operations in 1989.
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