Transportation Claims Carrier Specialty Services, LLC Merges with Capacity Coverage of New Jersey
May 5, 2011 - Mahwah, NJ - Capacity Coverage Company of New Jersey, named the 40th largest insurance broker in the US by Business Insurance magazine, announced that effective April 12, 2011, it has merged with Interstate Motor Carriers Agency including its subsidiary company Carrier Specialty Services, LLC .
Capacity Coverage of New Jersey CEO Robert G. Lull said, “Carrier Specialty Services is one of the few independent carrier claims specialists in the country. We are proud to add its talented staff to our already extensive transportation insurance capabilities. The merger benefits both our companies and our clients."
Capacity is ranked among the top 20 privately-held property/casualty agencies in the U.S. with written premiums of over $375 million. Capacity offers a broad spectrum of diversified insurance products and services. Capacity serves several niche markets that are supported by specialists in each area including trucking and transportation insurance.
The merger will enable Interstate's clients to access additional insurance products and services including commercial property, personal insurance, employee benefits, and financial planning.
"We are very excited about this opportunity, which will improve upon our efficiency, service capabilities, and market presence. Capacity Coverage's operating model of specialty divisions in each of its niche market segments fits extremely well with our organization's focus on truck insurance," said Interstate and Carrier Specialty Services President/CEO Gary Weindorf.
Headquartered in Mahwah, New Jersey, Capacity Coverage Company of New Jersey, Inc. has led the transportation insurance marketplace with innovative new programs geared towards the specific needs of the industry for over 20 years.