San Francisco (September 4, 2018) — The NORCAL Group Foundation, a non-profit organization that provides funding and support for healthcare initiatives focused on patient care, patient safety and physician wellness, is now accepting grant applications for qualifying programs through Oct. 15.
Due to the severe impact of the California wildfires, NORCAL Mutual and its subsidiary companies are providing premium payment relief to policyholders in the following counties: Shasta, Lake, Mendocino, Napa, Riverside and Mariposa. NORCAL will extend premium payment due dates for those impacted until Sept. 4, 2018, to ensure that policyholders are able to work through the aftermath of the wildfires 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 NORCAL Group Foundation, dedicated to improving healthcare in local communities, is pleased to announce its Spring 2018 grant recipients. Six organizations have been awarded funding for initiatives and programs focused on patient care, patient safety and physician wellness:
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 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.
