MECHANICSBURG, Pa.--(EON: Enhanced Online News)--PMSLIC Insurance Company has declared $4.7 million in dividends for eligible policyholders in Delaware and Pennsylvania for 2013. This equates to approximately 10 percent of 2013 premiums in Pennsylvania and 5 percent in Delaware.
The declared dividend applies to eligible physician, medical group and healthcare facility policyholders. The dividend will be returned in the form a premium credit on 2014 renewal statements.
PMSLIC has now declared a dividend for the past eight years, bringing the total amount of declared dividends to date to $48.7 million.
The NORCAL Group of Companies
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.