PMSLIC Insurance Company has served Pennsylvania’s medical community for 25 years, in recent years as a subsidiary of NORCAL Mutual. Beginning August 1, NORCAL Mutual is integrating its subsidiaries and undergoing a strategic expansion to become one national mutual insurance company. PMSLIC policyholders will transition to NORCAL Mutual at their next renewal.
NORCAL will notify each policyholder of any potential changes to their coverage as they approach their renewal period and will make this conversion as seamless as possible. Policyholders will be offered coverage with a newly filed policy that “enhances existing offerings, including information and network security and administrative defense insurance, as well as new options that were not available with the PMSLIC policy.”
Also, as a member of a mutual company, policyholders will have the right to vote in the election of the NORCAL Mutual board of directors and share in any dividends that may be declared.
“We are very excited about this next phase of our growth. Our company is dedicated now more than ever to serving our policyholders, and to providing the protection and peace of mind they have come to expect,” NORCAL said in a statement.