Boston Public Schools’ bus insurer refused to renew coverage before fatal crash
Boston Public Schools' insurer, National Interstate, refused to renew the district's bus coverage due to an increasing number of crashes and liability losses, totaling over $3.5 million from June 2023 to January 2025. This decision came less than two months before a BPS school bus struck and killed 5-year-old Lens Joseph in April 2025. The insurer had repeatedly warned BPS for years about the need to improve driver training and safety measures.
About Us - Great American Insurance Group - Specialty Property & Casualty Insurance
Karbon-X Corp. (OTCQX: KARX) is rapidly expanding its global presence in the carbon markets by restoring mangroves in Senegal and extending its blue-carbon model to Guinea's Konkouré Delta. This expansion is enhancing biodiversity, fostering community resilience, and increasing the company's verified carbon credit assets, positioning Karbon-X for significant growth and investor appeal in the escalating voluntary carbon market.
National Interstate Insurance Company Wins 2025 Top Workplaces USA Award
National Interstate Insurance Company and its subsidiary Vanliner Insurance Company have been recognized as one of the 2025 Top Workplaces USA award recipients, ranking in the top 20% for companies with 500-999 employees. This marks their first national recognition, following nine consecutive years of winning Top Workplace Northeast Ohio awards. The award celebrates organizations with strong cultures based on employee feedback.
National Interstate Insurance Co has ratings affirmed
AM Best has affirmed the A+ rating of National Interstate Insurance Company, a specialist in captive risk transfer products for the transportation industry, with a stable outlook. The company, a subsidiary of Great American Insurance Company and ultimately American Financial Group, was noted for its very strong balance sheet and strong operating performance. Its robust risk-adjusted capitalization and expertise in niche markets contributed to the positive affirmation.
Akron Marathon registration details, sponsorships announced
Registration for the 20th Akron Marathon Race Series opens on January 20, with early registration for eligible participants starting on January 18. Key sponsors FirstEnergy Corp., Goodyear Tire & Rubber Co., and National Interstate Insurance Co. have renewed their support through 2024. The article outlines the dates and locations for the various races, including the National Interstate 8K and 1 Mile, Goodyear Half Marathon and 10K, and the FirstEnergy Akron Marathon, Half Marathon, and team relay.
People Moves: National Interstate Promotes Mikolay, Keenan; Old Republic Surety Names Littlefield VP
National Interstate Insurance Co. has promoted Christopher E. Mikolay to senior vice president, Specialty Division, and Daniel M. Keenan to vice president, National Accounts, recognizing their leadership and contributions to various company divisions. Separately, Old Republic Surety Co. has named Thomas A. Littlefield as vice president – director, large accounts, bringing extensive contract surety experience to the role. These appointments aim to strengthen leadership in specialized insurance sectors for both companies.
National Interstate Accepts $660M Buyout by American Financial
National Interstate Corp. has agreed to a $660 million buyout by majority-owner American Financial Group Inc. The deal sees American Financial increase its offer to $32 per share, plus a one-time special dividend of 50 cents per share, representing a 44% premium over National Interstate's share price before the initial offer. This acquisition aims to simplify ownership and expand American Financial's presence in the transportation insurance sector.
Great American Insurance to Acquire National Interstate Corporation
Great American Insurance Company, a subsidiary of American Financial Group Inc., announced its agreement to acquire the remaining 49 percent of National Interstate Corporation that it does not already own. This all-cash transaction values National Interstate at approximately $660 million, with shareholders receiving $32.00 per share plus a $0.50 special dividend. The merger is expected to close in Q4 2016, pending shareholder and regulatory approvals.
American Financial Pitches ‘Best and Final’ Offer to National Interstate
American Financial Group has submitted a "best and final" offer of $32 per share in cash to acquire the remaining 49% of National Interstate Corp. shares it does not already own. This increased bid follows the rejection of previous offers by National Interstate's Special Committee, which had deemed them "inadequate." American Financial Group Co-Chief Executive Officer Carl Linder III emphasized that this offer represents a 41.5% premium over National Interstate’s closing share price before the initial M&A bid.
National Interstate Corp. (NATL) Jumped After Buyout Offer
National Interstate Corp. (NATL) shares rose significantly after American Financial Group (AFG) offered to acquire all outstanding common shares not already owned by its subsidiary for $30 per share in cash, totaling approximately $293 million. The stock jumped on Monday, closing near its yearly highs on high volume.
