BIRMINGHAM, AL – (BUSINESSWIRE) – May 5, 2021 – ProAssurance Corporation (NYSE: PRA) announced today that its acquisition of NORCAL Mutual (“NORCAL”) was completed May 5, 2021. NORCAL’s members overwhelmingly approved the transaction at a special meeting on April 26.
San Francisco (May 10, 2021) — NORCAL Group Foundation is pleased to announce grant funding awards for 11 community healthcare programs. These exceptional organizations were chosen as grant recipients of the Foundation’s Spring 2021 grant cycle based on their commitment to improving healthcare in their communities through patient care, patient safety, health education, and physician wellness. This year’s funding support also included COVID-19 relief and response.
The NORCAL Group Foundation grant recipients for Spring 2021 are both varied in their scope of projected outcomes and their reach into the communities they serve. They were selected from an impressively diverse applicant pool for their demonstrated alignment with the mission and focus areas of the Foundation:
Conversion Approved and NORCAL Insurance Company Directors Elected
The NORCAL Mutual Insurance Company Special Meeting of Members was held yesterday, April 26, 2021. Eligible members of NORCAL Mutual had the opportunity to vote on proposals related to the NORCAL + ProAssurance transaction, including approval of the Plan of Conversion, the Amended and Restated Articles of Incorporation, the Amended and Restated Bylaws, and the election of NORCAL Insurance Company Director Nominees:
Personalized Transaction Information Packets Mailed to NORCAL Mutual Policyholders
In association with the proposed transaction between NORCAL Mutual Insurance Company and ProAssurance Corporation, the California Department of Insurance has affirmed that NORCAL can proceed to a policyholder meeting and vote on the Plan of Conversion.
The Alaska Division of Insurance has asked insurers to grant billing leniency to policyholders impacted by recent floods and landslides in the state.
Due to the recent impact of Hurricane Laura, NORCAL is providing premium payment relief to Louisiana policyholders in the following parishes: