Assistant Director . Boguski was the president of Eastern Alliance Insurance Group. Reference ID: 0.2c477b5c.1689280234.4e79539b. Robert D. Francis rejoined ProAssurance as Executive Vice President of Underwriting and Operations for the Healthcare Professional Liability operation within the Specialty P&C division. PMSLIC INSURANCE COMPANY: 2015-12-31: Agent For Service: KARA RICCI: 560 DAVIS STREET SUITE 200: (3) All NORCAL companies were acquired as part of ProAssurance's acquisition of NORCAL on May 5, 2021. NORCAL Specialty can help with unique situations requiring creative solutions: Stand-alone tail Telemedicine Staffing companies (hospitalists, locums, ER and non-physician health care providers) VRTX 2. 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Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases. We reserve the right to block IP addresses that submit excessive requests. What you want in healthcare professional liability, legal professional liability, or workers' compensation insurance is ProAssurance's focus. Womens International Cricketers Score Equal Prize Money, Hungary Fines Bookseller as Orban Ramps Up Anti-LGBTQ Campaign, The Toughest ESG Rule Yet Puts EU on Collision Course With US, Vermont Prepared for Epic Flooding. Sign up today for your free Reader Account. On July 17, ProAssurance was named to the prestigious Wards 50 list of top property and casualty insurance companies in America for the 12th consecutive year. He was formerly President and Chief Operating Officer. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Norcal Specialty Insurance Company generates approximately USD 43,705,905.00 in revenue annually, and employs around 98 people at this location. The company currently specializes in the Insurance, Insurance Brokers areas. NORCAL Specialty Insurance Company Corporate Headquarters, Office Locations and Addresses | Craft.co . Your Name * Your Company * . PICOM assumes the business of Associated Physicians Insurance Company (APIC), an Illinois-based, physician-led insurer founded in 1986. On February 20, ProAssurance announced the acquisition of NORCAL Group contingent upon regulatory and policyholder approval. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5fa49fae-9513-451c-a0b8-904545e887e9, A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4c2cfe05-2330-459c-87f5-2c19bf9e2f83, http://www.globenewswire.com/NewsRoom/AttachmentNg/5fa49fae-9513-451c-a0b8-904545e887e9, http://www.globenewswire.com/NewsRoom/AttachmentNg/4c2cfe05-2330-459c-87f5-2c19bf9e2f83. The purchase expands Easterns operations into Maine, New Hampshire, and ultimately other New England states. That was a state fund created to address the dearth of affordable professional liability coverage. ProAssurances response included approximately $3.7 million in premium reduction to impacted policyholders, several new online seminars for physician and practice administrators, and guidelines for mitigating risk while practicing during a pandemic. +1 908 439 2200, ext. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. For more information, contact opendata@sec.gov. The information above is for general informational purposes only and does not constitute an offer to sell, a solicitation, or an offer to buy any products or services. Norcal Specialty Insurance Company was founded in 2001. NORCAL Specialty Insurance Company is only admitted in Pennsylvania and operates on a non-admitted basis. She was previously Senior Vice President of Business Operations for the Podiatry Insurance Company of America (PICA), a ProAssurance subsidiary. ProAssurance acquires Georgia Lawyers Insurance Company (GLIC), increasing its lawyers professional liability businessand naming new agencies to begin expanding its legal professional liability business in the Mid-Atlantic and far West regions. Mutual Assurance becomes the first of the physician/policyholder-founded companies to begin insuring hospitals and facilities. 1. T. Scott Diener is the primary contact at Norcal Specialty Insurance Company. Practicing Post-Roe: Implications for Liability, Healthcare Professional Liability Insurance, Medical Technology & Life Sciences Products. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! For more details on the growth history behind our founding companies visitProAssurance.com/FoundingCompanies. The NORCAL Group Foundation formalizes this commitment through a dedicated non-profit providing grant funding to charitable organizations and initiatives," NORCAL President and Chief Executive Officer Scott Diener said. Norcal Mutual Insurance Company is a corporation in San Francisco, California. Mutual Assurance began serving the states physicians in 1994. Copyright 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. Mutual Assurance becomes the first physician-founded company to demutualize and convert to a publicly traded stock company. Shares were listed on NASDAQ under the symbol MAIC. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. [emailprotected], Jim Peavy Additional information is available at www.pmslic.com or by contacting T Scott Diener at (717) 791-1212. San Francisco, CA, Sept. 22, 2017 (GLOBE NEWSWIRE) -- NORCAL Mutual Insurance Company proudly announces the establishment of the NORCAL Group Foundation, a non-profit organization that provides funding and support for healthcare initiatives in the communities in which its policyholders live and serve. Note: We do not offer technical support for developing or debugging scripted downloading processes. 2020 OLDWICK, N.J.--(BUSINESS WIRE)-- NORCAL Mutual Insurance Company +1 908 439 2200, ext. By using this site, you are agreeing to security monitoring and auditing. NORCAL Group will be integrated into the operations of the healthcare professional liability (HCPL) division and makes ProAssurance the third largest writer of medical professional liability insurance by U.S. market share. ProAssurance acquires Podiatry Insurance Company of America, A Mutual Company (PICA) in a sponsored demutualization. NORCAL Specialty can help with unique situations requiring creative solutions: NORCAL Specialty can also assist with flexible and extensible coverage options: * NORCAL Group, now part of ProAssurance, includes NORCAL Insurance Company and its affiliated companies. Its coverages include risk management, healthcare, medical professional liability insurance, medical education, coaching, claims, and other solutions. [emailprotected], Sharon Pereira Marks Grant applications for qualifying programs are now being accepted, with the first cycle being awarded in December. PLAY 3. ProAssurance can help. Contact Us. The new division includes standard and specialty underwriting units, in addition to the Innovative Specialty Team operations and products liability. MEDICAL PROFESSIONAL LIABILITY INSURANCE NORCAL Group, now part of ProAssurance, offers a full spectrum of medical professional liability insurance solutions to physicians and other healthcare providers. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. ProAssurance becomes the majority capital provider to Syndicate 1729 at Lloyd's of London. The CAPAssurance partnership between ProAssurance and CAP mutually ended in October 2020. ProAssurance reaffirms an enduring commitment to its insureds and other constituents with the rollout of Treated Fairly, a brand initiative reflected in its new logo and vision statement. ProAssurance announced the formation of CAPAssurance in partnership with the Cooperative of American Physicians (CAP), a California-based insurer, to provide coverage for hospitals, medical facilities, and large physician groups in California and adjacent states. NORCAL Mutual Insurance Company is accredited by the Accreditation Council for Continuing Medical Education to . Address: 1700 Bent Creek Blvd Ste 100 Mechanicsburg, PA, 17050-1870 United States See other locations Phone: Employees (this site): NORCAL SPECIALTY INSURANCE CO. Print Page Email NAIC: 35114. Mutual Assurance becomes one of the first policyholder-founded companies rated by A.M. Best. Find Lisa's email address, mobile number, work history, and more. ProAssurance purchases the renewal rights to all of the Ohio Hospital Insurance Companys physician, hospital, and healthcare facility business in Indiana, Illinois, Kansas, Kentucky, and Wisconsin, deepening our commitment to the Midwest and Central U.S. Medical Assurance and Professionals Group merge to form ProAssurance Corporation, setting the stage for nationwide expansion and laying a foundation for growth in balance sheet strength that has led to industry leadership. Our customized solutions include, at no additional cost, NORCAL Groups Risk Management and Claims services, resources and expertise. With the ability to provide our customers proven solutions for both professional liability and workers compensation, ProAssurance offers insureds, agents, and brokers unmatched ease in placing two difficult lines of business. | PROASSURANCE will pay defense costs and additional benefits for a covered claim in addition to the limits of coverage. StreetInsider.com Top Tickers, 6/13/2021. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". September 22, 2017 09:30 ET WVHIC was formed to serve West Virginia hospitals in 1986. With nearly 3,000 companies examined for safety, consistency, and performance, ProAssurances ongoing selection is a significant honor. NORCAL Specialty Insurance Company AM Best #: 003744 NAIC #: 35114 FEIN #: 23-2005656 Financial Strength Rating View Definition Rating: A (Excellent) Affiliation Code: r (Reinsured Rating) Financial Size Category: XIII ($1.25 Billion to $1.5 Billion) Outlook: Stable Action: Upgraded Effective Date: May 23, 2023 Initial Rating Date: June 19, 1995 Social and economic disruptions included business closures, cancellations of elective surgeries, increases in telehealth, and more. The ratings will remain under review pending further discussions with NORCALs new parent so that AM Best can fully assess the financial and operational impacts of the acquisition. AMC 4. Find Sandra's email address, mobile number, work history, and more. Our competitive landscape shows how this business compares to similar businesses in their industry and region based on information found in their Dun & Bradstreet Credibility Review profile. ProAssurance acquires the Physicians Insurance Company of Wisconsin, Inc. (PIC Wisconsin), a physician-founded insurer serving Wisconsin and adjacent Midwest states, as well as Nevada. NORCAL SPECIALTY INSURANCE SERVICES, LLC is a California Limited-Liability Company - Out Of State filed on October 30, 2015. NAIC Group: NORCAL GROUP . With organizations retaining more of their own risk as they evolve to meet the complicated needs of the nations emerging healthcare delivery system, ProCxM enables effective solutions for those risks. NORCAL Group, part of ProAssurance, offers a full spectrum of medical professional liability insurance solutions to physicians and other healthcare . Find Alan's email address, mobile number, work history, and more. Thank you for your interest in the U.S. Securities and Exchange Commission. ProAssurance acquires Independent Nevada Doctors Insurance Exchange (IND), a Nevada reciprocal insurer. PPTF was formed by Florida physicians in 1975 to ensure the availability of medical professional liability coverage in that state. ProAssurance acquires Mid-Continent General Underwriterscementing its ability to offer coverage to allied healthcare professionals, a growing segment of American healthcare delivery. 2715 Tuller Parkway. Website http://www.norcal-group.com/ Industries Insurance Company size. NORCAL Insurance Company | 54 followers on LinkedIn. ProAssurance enhances its commitment to delivering policyholders an exceptional experience by opening dedicated service centers in Birmingham, Alabama, and Okemos, Michigan, for seamless delivery of policyholder services. Financial control has been under NORCAL Mutual Insurance Company (NORCAL Mutual) since December 2000. Contact your agent or ProAssurance representative to learn more about options available for policies underwritten by NORCAL Insurance Company. On July 16, ProAssurance was selected as a Wards 50 top property casualty insurer for the 13th consecutive year. Medicus Insurance Company was a medical professional liability insurance start-up established in Texas in 2006. Call Demotech. In 2020, the ProCxM program was merged into the hospital underwriting unit of ProAssurance's healthcare professional liability insurance division. ALL RIGHTS RESERVED. FREE Breaking News Alerts from StreetInsider.com! PIC Wisconsin was formed in 1986. For more information, please see the SECs Web Site Privacy and Security Policy. Medical Defense Associates was incorporated on January 16, as a mutual professional liability insurance company under the name of Medical Defense Associates, Ltd., and commenced business February 7, 1976. Norcal Specialty Insurance Company was founded in 2001, and is located at 1700 Bent Creek Blvd # 100 in Mechanicsburg. (formally known as NORCAL Mutual Insurance Company) NORCAL Specialty Insurance Company The Registered Agent on file for this company is Amanda Garcia and is located at 330 N. Brand Blvd., Glendale, CA 91203. In October, organizational structural changes included the development of the Innovative Specialty Team integrating the chiropractic, dental, lawyer, and podiatric lines of business. Your Email Address Subject: Message. *Contact NORCAL Customer Service at 844.4NORCAL to . Find Kenneth's email address, mobile number, work history, and more. However, now that the transaction has consummated, there also is the potential for NORCALs ratings to be stabilized or enhanced once the level of explicit and/or implicit support from ProAssurance can be determined following further discussions with management. Contact Business. As part of its demutualization, $191 million of NORCALs policyholders surplus, which was approximately $543 million as of year-end 2020, was converted to contribution certificates, which negatively impacts risk-adjusted capitalization, as measured by Bests Credit Adequacy Ratio (BCAR). A healthcare system, hospital, facility, physician, or allied professional. For the latest updates, follow ProAssurance. EIN for organizations is sometimes also referred to as taxpayer identification number (TIN) or FEIN or simply IRS Number. Senior Financial Analyst San Francisco, CA, Sept. 22, 2017 (GLOBE NEWSWIRE) -- NORCAL Mutual Insurance Company proudly announces the establishment of the NORCAL Group Foundation, a non-profit organization that. 5644 Cryptocurrencies Jump on Ripple Token Ruling Seen as Victory by Industry, Ripple Tokens Sold to Public Are Not Securities, Judge Says, Read Regulators Lawsuits Against Celsius and Mashinsky Here. E-mail Address. | Subject to state law and policy terms. Mutual Assurance purchases Physicians Insurance Company of Indiana (PICI), formed in 1982. Please declare your traffic by updating your user agent to include company specific information. This provides a central base of operations for Midwest expansion. Additional benefits include loss of earnings and expenses incurred to assist PROASSURANCE in the defense. This vaults the company to a leadership position in the Nevada healthcare professional liability market and a strong base of operations in the far West. Coverage may be available through a licensed surplus lines broker; availability of coverage and products may vary by state. New Bitcoin ETFs Now? In mid-March, the Coronavirus (COVID-19) pandemic caused significant global quarantines. NORCAL Specialty Insurance Company NAIC Group Code 02698 , 01282 NAIC Company Code 35114 Employer's ID Number 23-2005656 (Current Period) (Prior Period) This field is for validation purposes and should be left unchanged. Mutual Assurance is renamed MAIC Holdings to reflect the growing number of subsidiaries and its growing scope of operations. Deadline for the first cycle of funding is Oct. 27. Copyright 2023 Demotech, Inc. All Rights Reserved. Website: www.norcal-group.com Our similar businesses nearby shows similar businesses in their industry and region based on information found in their Dun & Bradstreet Credibility Review profile. On July 1, Edward L. Ned Rand, Jr. became CEO of the Company as successor to Stan Starnes. Phone Number: 844-466-7225 Company Address: P.O. NCRIC, formed by physicians in 1980, was converted to a public company in 1999. Company profile page for NORCAL Specialty Insurance Co including stock price, company news, press releases, executives, board members, and contact information Since 1975, NORCAL Mutual has been a policyholder-owned and physician-directed medical professional liability carrier dedicated to ensuring the availability of affordable and relevant coverage. Physicians Protective Trust Fund (PPTF) and PICOM consolidate, forming ProNational Insurance Company. Additional information is available at www.pmslic.com or by contacting T Scott Diener at (717) 791-1212. Primary Office Address City State Zip Code Preferred Mailing . NORCAL Mutual acquires FD Insurance, a stock insurance company privately held by a group of Florida physicians and investors, formed in 2005. Its focus is on run-off liabilities in M&A transactions and the assumption of existing reserve liabilities for large organizations seeking to repurpose capital resources. For more information, visit www.ambest.com. PICOMs growth in size and financial stability allows it to list its stock on the NASDAQ Stock Market under the symbol PICM. Mr. Rand retained his title of President of the organization. In 2019, Risk Solutions was folded in to the specialty underwriting unit of ProAssurance's healthcare professional liability insurance division. Medicus was acquired by NORCAL Mutual in 2011. Name Specialty Insurer License # Association Start Date . FD Insurance Company, NORCAL Specialty Insurance Company and its affiliate Preferred Physicians Medical RRG. NORCAL Specialty Insurance Company is a private company that has been in the industry for 47 years. If this data is unavailable or inaccurate and you own or represent this business. 6. . Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. ProAssurance acquires American Physicians Service Group, Inc., the publically-traded parent company of American Physicians Insurance Company (API), an Austin, Texas-based insurer with roots stretching back to 1975.
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