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.NORCAL Mutual Insurance Company has declared more than $16 Million in dividends for 2015, reflecting the company’s continued dedication to its policyholders and sound business practices. The company has declared dividends for 35 of the past 37 years, and with its subsidiary PMSLICInsurance Company has returned more than $500 Million in dividends to its policyholders.
Christopher Clark has been named the Pacific Northwest Regional Sales Manager for NORCALMutual Insurance Company, the ninth largest medical professional liability insurance carrier in the country. Clark’s territory includes Alaska, Oregon and W
As we enter the last quarter of 2014, NORCAL Mutual would like to remind our policyholders that this is the last chance for Medicare-eligible professionals to demonstrate meaningful use of Certified Electronic Health Record Technology (CEHRT) before they become subject to decreases in their Medicare reimbursements on January 1, 2015. Medicaid eligible professionals who do not bill Medicare will not be affected. Medicare-eligible professionals need to demonstrate meaningful use for a 90-Day reporting period in 2014 to avoid being subject to a 1% penalty. The penalty will increase in subsequent years, up to a maximum of 5%, should the provider continue to fail to demonstrate meaningful use.
Previously Provided by Subsidiary PMSLIC Insurance Company
NORCAL Mutual Insurance Company is now offering medical professional liability insurance coverage to healthcare professionals in Delaware and Pennsylvania. The company enters each of these states offering a new enhanced policy with additional coverage options. Coverage was previously offered by NORCAL Mutual’s subsidiary PMSLIC Insurance Company (“PMSLIC”).
Continues national rollout and subsidiary integration
NORCAL Mutual Insurance Company is expanding its coverage area to include Kansas and Missouri, offering a new enhanced medical professional liability insurance policy for healthcare professionals. The company’s subsidiary, Medicus Insurance Company, has been offering coverage in these states since 2007.
