Energi Holdings, Inc. is pleased to announce an alternative risk management program designed for the fuel transportation industry. The Energi Program is available for companies with Gasoline and/or Distillate Transporter Operations, Wholesale Distribution (including Terminal Operations and Brokered Sales) or Retail Gasoline Stations with Convenience Stores. Energi’s Fuel Transport Captive Program offers coverage for commercial general liability, commercial automobile, and workers’ compensation. The program is administered by Energi Insurance Services, Inc. and offered through National Interstate Insurance Company. Other lines, such as property, site pollution, crime, and liquor liability are offered through other carriers outside of the captive.
Energi’s Research & Development group adapted their successful Fuel Distribution model to produce this program. National Interstate and Energi have created a program that is designed to attract leading companies that embrace “Best Practices”. It provides the necessary coverages, value-added loss prevention and safety, aggressive claims management, fair equitable pricing, and encourages policyholder participation in their risk management and insurance program. The Energi Fuel Transport Program is available in all 50 states.
“Energi has developed a unique approach to providing risk management and insurance where policyholders become shareholders and pool together with the best companies in an industry sector to reduce accidents and contain the cost of these accidents. The end result will equate into lower insurance cost for policyholders over the long term,” says Brian K. McCarthy, Chief Executive Officer of Energi Holdings.
“We are very excited to partner with Energi with the expertise that they bring to this new program for the fuel transport industry. This program adds to our growing captive business targeting specific areas of the transportation industry, and represents our 13th group captive. Our philosophy is to change the insurance buying decision from simply a series of financial transactions into a partnership where the program’s members benefit by receiving the highest levels of service and controlling their insurance costs,” said Dave Michelson, President and Chief Executive Officer of National Interstate Corporation.
Northern Gas Transport Vice President and Treasurer Susan Noyes, comments, “We are delighted to be part of the Energi Program. For years, we have worked to implement policies and procedures that would limit our company’s risk exposure and create a safer work environment for our employees, our customers, and the public. We did so alone with little or no support from companies that insured us. At no time were our efforts acknowledged or reflected in our rates at renewal time. Not only are Energi Policyholders/Shareholders not lumped into the same category as those transporters with lower standards and higher loss ratios, Northern Gas now has the complete support of our Energi partners in developing and refining processes which will lead to even higher safety standards, fewer claims and greater profitability in years to come.”
Energi Programs are offered directly or through a select network of independent insurance agents and brokers. Contact Rick Metivier, Chief of Sales, at (978) 531-1822 ext 344 or visit www.energiholdings.com.
About Energi Holdings Inc.
Energi Insurance Services, Inc., a division of Energi Holdings, Inc., is a leader in the design, underwriting, and administration of specialty insurance programs and value added risk management services for certain sectors of the Energy Industry. Founded in 2005 by leading insurance professionals and energy industry leaders, Energi, based in Peabody, MA, owns an interest in a segregated cell rent-a-captive. www.energiholdings.com
About National Interstate Corporation
National Interstate Corporation (Nasdaq: NATL), founded in 1989, is a specialty property and casualty insurance holding company with a niche orientation, focusing on the transportation industry and specializing in captive insurance programs. The company’s insurance subsidiaries are rated "A" (Excellent) by A.M. Best Company. Headquartered in Richfield, Ohio, National Interstate is an independently operated subsidiary of Great American Insurance Company, a property-casualty subsidiary of American Financial Group, Inc. (NYSE: AFG) (Nasdaq: AFG).