Two pieces of news provide a flicker of hope amid the doom and gloom.
Norcal Mutual Insurance Company said it is now offering medical professional liability insurance to Nevada physicia
According to a release, 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.
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