SAN FRANCISCO--(BUSINESS WIRE)--NORCAL Mutual Insurance Company is now offering medical professional liability insurance to Nevada physicians. For the past eight years, Nevada healthcare professionals have been offered coverage from Medicus Insurance Company, a NORCAL Mutual wholly owned subsidiary. 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 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, Nevada 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, Texas and Illinois. The reach of the NORCAL Group, which also includes PMSLIC Insurance Company, spans 32 states.
About NORCAL Mutual
NORCAL Mutual Insurance Company is a part of the NORCAL Group of companies, medical professional liability insurers providing protection to healthcare extenders, medical groups, hospitals, community clinics and allied healthcare facilities throughout the nation. The companies share a group rating of “A” (Excellent) by A.M. Best for their financial strength and stability. NORCAL Mutual operates three main regional offices in San Francisco, CA, Mechanicsburg, PA, and Austin, TX.