A.M. Best Affirms “A” (Excellent) Rating for NORCAL Mutual Insurance Company, Outlook Revised to Stable
March 29, 2018by
A.M. Best has again affirmed a rating of “A” (Excellent) for NORCAL Mutual Insurance Company and its affiliates, in addition to revising the ratings outlook to “stable.” The revised outlooks are attributed to the improvements in underwriting and operating performance trends, along with A.M. Best’s expectation of sustaining positive trends moving forward.
“Our strategic efforts to fortify our financial stability have resulted in NORCAL being well positioned to receive a stable rating. Our 34-year A-rating track record is a testament to our prudent decision making and the ability to adapt as the landscape of healthcare continues to change,” said Mark Johnson, NORCAL Mutual chief financial officer.
NORCAL Mutual Insurance Company shares the A.M. Best rating with NORCAL Specialty Insurance Company, Medicus Insurance Company, FD Insurance Company and Preferred Physicians Medical Risk Retention Group, a Mutual Insurance Company.