NORCAL now offering medical malpractice insurance in Arizona

The new offering is part of the company’s national expansion plan

by Elise Linscott
 
NORCAL Mutual Insurance Company is now offering medical professional liability insurance to physicians and health care professionals in Arizona. This is the twelfth state to come under the parent company’s umbrella as part of NORCAL Mutual’s national expansion plan, which includes the introduction of new policies, and the transition of policyholders from Medicus Insurance Company.
 
The company has been serving the Arizona market since 2008 as Medicus. “As our national expansion continues, we are squarely focused on retaining our strong local relationships, while bringing all of the benefits and resources that come with being part of a national company,” said NORCAL Mutual’s Chief Business Development Officer Ron Rumin in a statement.
 
NORCAL Mutual said it continually reviews the coverages offered to ensure they meet the needs of today’s medical practices. This new policy being implemented with each new market entry includes enhancements to the cyber liability and administrative defense coverages, as well as additional available premium credits and expanded billing options.
 
Malpractice insurance premiums nationwide saw steady decreases over the last 7 years, but were “essentially flat” in 2015, though that doesn’t necessarily mean they’ll begin to increase, Medscape Multispecialty reported this month. In the Western US, rates decreased very slightly this year, while some markets in the South saw 5% increases, the article stated.
 
“Significantly, 2015 is the first year since 2006 that insurers have reported more rate increases than decreases,” the article stated, citing a study conducted by the Medical Liability Monitor.

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