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NORCAL Mutual’s “A” Rating Affirmed by AM Best for More than 30 Consecutive Years

Dec 5, 2014

This company was issued a secure rating by the A.M. Best Company, click for additional details

A.M. Best Company, the most widely recognized rating agency for the insurance industry, has reaffirmed an “A” (Excellent) rating for NORCAL Mutual Insurance Company for its financial strength and stability. NORCAL Mutual shares this rating with its subsidiary companies Medicus Insurance Company and PMSLIC Insurance Company.

 

This year’s rating continues to reflect NORCAL Mutual’s strong capitalization levels, positive operating performance, proactive risk management and sound business profile as one of the leading providers of medical professional liability insurance in the U.S.

“We are very pleased that A.M. Best has recognized NORCAL Mutual’s excellent financial strength since 1984,” Mark Johnson, senior vice president and CFO for NORCAL Mutual said. “Our continued success ensures NORCAL Mutual’s ability to provide our policyholders vigorous claims defense, industry-leading risk management and pay dividends.”

An A.M. Best rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.

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