NORCAL Mutual Declares $11.7 Million in Dividends in Alaska and California
SAN FRANCISCO--(BUSINESS WIRE)--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 percent 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.
NORCAL Mutual has now declared a dividend in 34 of the past 36 years, bringing the total amount of declared dividends to date to $453.7 million. These dividends represent NORCAL Mutual’s continued dedication toward its’ policyholders and encouraging the practice of safe medicine.
The NORCAL Group of Companies
NORCAL Mutual Insurance Company, PMSLIC Insurance Company and Medicus Insurance Company, members of the NORCAL Group of companies, are medical professional liability insurers providing protection to more than 28,000 physicians, healthcare extenders, medical groups, hospitals, community clinics and allied healthcare facilities in the nation. The companies share a group rating of “A” (Excellent) by A.M. Best for their financial strength and stability.
NORCAL Mutual is based in San Francisco, CA, and operates in California, Alaska and Rhode Island. PMSLIC is based in Mechanicsburg, PA, and operates in Pennsylvania and Delaware. Medicus is based in Austin, TX, and is licensed to sell medical professional liability insurance in 37 states across the nation.
Posted: October 28, 2013