NORCAL Mutual Insurance Company is now offering medical professional liability insurance to Illinois and Nevada physicians. Since 2006, Illinois and Nevada healthcare professionals have been offered coverage from Medicus Insurance Company, a wholly owned subsidiary of NORCAL Mutual. Upon renewal, Medicus policyholders will be transitioned to a NORCAL Mutual policy.
“Our continued commitment to the medical communities we serve includes practicing responsible growth to ensure our company’s strength and stability for the benefit of our policyholders,” said Ron Rumin, Senior Vice President of Business Development for NORCAL Mutual. “The expansion of NORCAL Mutual into Illinois and Nevada was a strategic decision that reinforces our nearly decade-long commitment to the state and offers our policyholders unique benefits that come with coverage from a mutual company.”
As a member of a physician‐led mutual insurance company, NORCAL Mutual policyholders will have the right to vote in the election of board of directors and share in any dividends that may be declared. NORCAL Mutual has declared dividends for 34 of the past 36 years.
NORCAL Mutual also offers coverage in Alaska, California, Rhode Island and Texas. The reach of the NORCAL Group, which includes Medicus and PMSLIC Insurance Company, spans 32 states.