FENTON, Mo., June 3, 2013 (GLOBE NEWSWIRE) -- Vanliner Insurance Company, a leading insurer for the moving and storage industry, is proud to introduce Move-CAP, an innovative alternative risk transfer (ART) insurance program developed exclusively for best-in-class moving and storage companies.
Move-CAP is Vanliner's third group captive program designed specifically for premier moving and storage operations. Over the past two and a half years, Vanliner has grown its ART business to include three group captives representing over 50 members. Move-CAP is Vanliner's first group captive open to all moving and storage companies regardless of van line affiliation. The program brings moving and storage agents together to form their own insurance program achieving more predictable insurance premiums throughout various market cycles and economic conditions. Move-CAP also offers many other valuable benefits including safety tools and the opportunity to receive a return of unused premiums and investment income, with a goal of lowering overall costs.
"We joined the Move-CAP program to have more control over our insurance premiums and coverages, as well as enhance our safety program," said Wes Stewart, President of Stewart Moving Company. "Vanliner's long time expertise in moving and storage coupled with their risk management expertise had a direct impact on our decision to enter this program. In just a few months we have already seen a difference, and appreciate Vanliner's efforts in providing us with the latest resources and tools needed to take our safety program to the next level."
"It is exciting to add Move-CAP, the first group captive program open to all moving and storage companies, to our growing ART portfolio," said Ray Wise, President of Vanliner. "The program was designed to provide a more cost-effective risk management solution for safety conscious moving companies, regardless of their van line affiliation. Move-CAP members enjoy the opportunity to network, share best practices and have a say in important program decisions including those that impact underwriting and loss control. Move-CAP is yet another avenue for Vanliner to expand its market reach by forming long-term partnerships with this larger audience of independent and diverse moving and storage professionals."
Move-CAP members benefit from Vanliner's expertise in the moving and storage industry, and the support of Vanliner's parent, National Interstate Insurance Company, a leader in transportation insurance since 1989.
For more information on Move-CAP, contact Dan Keenan at 800-325-3619 x4695 or email daniel.keenan@vanliner.com.
About Vanliner
Vanliner Insurance Company is a premier provider of insurance products for the moving and storage industry. Located in the St. Louis suburb of Fenton, Missouri, Vanliner is licensed in all 50 states and is a subsidiary of National Interstate Insurance Company. The National Interstate group of companies, including Vanliner, offer insurance products and services designed to meet the unique needs of niche markets and are rated "A" (Excellent) by A.M. Best Company.