A.M. Best Affirms “A” Rating of the NORCAL Group

A.M. Best Affirms “A” Rating of the NORCAL Group

San Francisco (November 13, 2013) — A.M. Best Company, the world’s oldest insurance rating service, has affirmed an “A” (Excellent) rating for the NORCAL Group of companies, which includes Medicus Insurance Company of Austin, Texas, PMSLIC Insurance Company of Mechanicsburg, Pennsylvania, and NORCAL Mutual Insurance Company in San Francisco, California. NORCAL Mutual has held an “A” rating for nearly 30 years.

"We are pleased that A.M. Best has again recognized NORCAL Group’s financial strength and positive financial outlook. This rating signifies to our policyholders that they are backed by a strong company," Mark Johnson, senior vice president and CFO for the NORCAL Group said.

An A.M. Best rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.

About NORCAL Group

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.