Due to the severe impact of the recent storms in Frederick and Washington Counties in Maryland, NORCAL Mutual Insurance Company is providing premium payment relief to policyholders in the zip codes where states of emergency have been declared. NORCAL will extend premium payment due dates for those impacted until July 1, to ensure policyholders are able to work through the aftermath of the storm without any disruption of coverage. Additionally, no cancellations for nonpayment of premium will be issued during this grace period to those affected by the storm.
The Annual Meeting of Members took place on May 31, re-electing Gannon and Koken for three-year terms
The NORCAL Mutual Board of Directors held the Annual Meeting of Members on Thursday, May 31 in San Francisco, CA. During the Annual Meeting, policyholder members re-elected Alice H. Gannon and M. Diane Koken to serve a three-year term until the Annual Meeting of Members to be held in 2021.
A.M. Best has once again affirmed a rating of “A” (Excellent) for NORCAL Mutual Insurance Company and its affiliates, in addition to revising the ratings outlook to “stable.” The revised outlooks are attributed to the improvements in underwriting and operating performance trends, along with A.M. Best’s expectation of sustaining positive trends moving forward.
“Our strategic efforts to fortify our financial stability have resulted in NORCAL being well positioned to receive a stable rating. Our 34-year A-rating track record is a testament to our prudent decision making and the ability to adapt as the landscape of healthcare continues to change,” NORCAL Mutual Chief Financial Officer Mark Johnson said.
Grant Applications are now being accepted
The NORCAL Group Foundation, a non-profit organization that provides funding and support for healthcare initiatives focusing on patient care, patient safety and physician wellness, is now accepting applications for qualifying programs through April 15.
NORCAL Mutual Insurance Company now offers medical professional liability insurance coverage to the health care providers of New Mexico. NORCAL protects practices throughout the United States and is one of the top 10 carriers in the nation, based on direct written premium. This is the 40th state in which NORCAL operates, including the District of Columbia.