Good News for Medicus Insureds

The Announcement that Medicus Insurance Company, Based in Austin, TX, Will Merge with NORCAL was Delivered to Clients Late Last Week.

On this past Friday, July 29th, NORCAL announced its plans to acquire Medicus.  NORCAL is based in San Francisco, CA, and also owns PMSLIC in Pennsylvania.  The company is in excellent health financially with over $1 Billion in assets alone.  This is an incredible development that will significantly benefit Medicus and its current and future insureds. 

The following details have been shared:

  • Medicus will continue to operate as is with no changes in personnel, filings, or policy format, for the foreseeable future.
  • Through the acquisition, Medicus will now carry an A rating and will jump from being the 24th largest med mal carrier in the country to being part of the ninth largest.

 The way the acquisition is being handled results in a huge win for both Medicus and its policy holders.  All Medicus policyholders will now have the benefit of added financial strength and security with the A rating, without seeing any changes in service or coverage benefits.

This is a very exciting development that will be very beneficial for everyone involved.   Learn more about the story here, and you can find another story here.  We will post any new developments as we find out more.