December 20, 2014 1:13 PM ET

Insurance

Company Overview of NORCAL Mutual Insurance Company

Company Overview

NORCAL Mutual Insurance Company provides medical professional liability insurance products and services to healthcare extenders, medical groups, hospitals, community clinics, and allied healthcare facilities in the United States. It offers medical professional liability insurance for individual physicians and medical groups to offer coverage, including claims-made policy with consent to settle, entity coverage, medical board defense, and data security breach protection; and coverage for prior acts, tail endorsement, and endorsed part-time and locum tenens. The company also offers death, disability, and retirement coverage; and security and privacy, regulatory, patient notification and credit...

560 Davis Street

Suite 200

San Francisco, CA 94111-1966

United States

Founded in 1975

Phone:

415-397-9700

Fax:

415-835-9817

Key Executives for NORCAL Mutual Insurance Company

Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Senior Vice President of Claims & Risk Management
Chief Underwriting Officer and Senior Vice President
Chief Actuary and Vice President
Compensation as of Fiscal Year 2014.

NORCAL Mutual Insurance Company Key Developments

NORCAL Mutual Insurance Company Declares Dividends for 2015

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 dividend will provide a premium credit of 10% for eligible policyholders in Alaska, California and Pennsylvania, and 5% in Delaware. Eligible members will receive the credit on policies renewed on or after January 1, 2015.

NORCAL Mutual Begins Offering Medical Professional Liability Insurance Coverage in Kansas and Missouri

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. NORCAL Mutual has been physician-owned and directed for nearly 40 years and currently protects more than 28,000 healthcare professionals across the nation. The expansion of NORCAL Mutual coverage into Kansas and Missouri is part of the company's national rollout plan which will integrate the company's subsidiaries, Medicus Insurance Company and PMSLIC Insurance Company, to operate as a single national carrier.

NORCAL Mutual Insurance Company Declares Dividends for Eligible Policyholders in Alaska and California for 2014

NORCAL Mutual Insurance Company has declared $11.7 million in dividends for eligible policyholders in Alaska and California for 2014. This equates to approximately 10% of 2013 premiums. The declared dividends apply to eligible physician, medical group and healthcare facility policyholders. In Alaska the dividend also applies to eligible hospital policyholders. The dividends will be returned in the form of a premium credit on 2014 renewal statements.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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