The New Jersey Department of Banking and Insurance has provided guidance that policyholders experiencing financial hardship due to COVID-19 are to be allowed to elect a 90-day grace period to pay premiums. The first day of the extended grace period would be either April 1, 2020 or May 1, 2020. To ensure our policyholders had the support they needed during this difficult time, NORCAL suspended cancellations due to non-payment of premium until June 30, 2020, for active policies with invoices due on or after March 13, 2020, as previously communicated.
The Annual Meeting of Members took place on May 28, 2020, re-electing Beretta, Diener, Packer and Patchin for three-year terms
COVID-19 Premium Relief for Policyholders
NORCAL Group is steadfast in our pledge to support our policyholders during these times that are particularly challenging for healthcare providers. As such, we will be suspending cancellations due to non-payment of premium until June 30, 2020 for active policies with invoices due on or after March 13, 2020. Any Notices of Cancellation issued on or after March 13 will be rescinded. Additionally, we will continue to align with Department of Insurance guidance in individual states that have premium relief beginning before or ending after our own grace period.
Topics: COVID-19 Premium Relief
COVID-19 Coverage Updates & Resources
NORCAL Group is committed to the health and safety of our personnel and minimizing interruptions to our customers as the COVID-19 (coronavirus) outbreak continues to spread throughout the communities where we all live and work. In line with guidance from the Centers for Disease Control & Prevention (CDC) and the World Health Organization (WHO), we are currently utilizing remote work for staff in all NORCAL Group office locations.
Topics: COVID-19
NORCAL Group Response to COVID-19 (Coronavirus)
NORCAL Group is committed to the health and safety of our personnel and minimizing interruptions to our customers as we respond to concerns about the spread of COVID-19 (coronavirus). In line with guidance from the Centers for Disease Control (CDC) and the World Health Organization (WHO), we are currently utilizing remote work for staff in all NORCAL Group office locations.
Topics: COVID-19 Updates
San Francisco (Mar. 5, 2020) — NORCAL Group Foundation is pleased to announce grant funding awards for nine community healthcare programs spanning five states. These exceptional organizations were chosen as grant recipients of the Foundation’s Fall 2019 grant cycle based on their commitment to improving healthcare in their communities through patient care, patient safety, health education and physician wellness.
San Francisco — NORCAL Group and ProAssurance Corporation (NYSE: PRA), both specialty insurers with extensive expertise in healthcare professional liability, announced today the signing of a definitive agreement to combine the companies. The transaction, when completed, will result in the creation of the nation’s third largest medical professional liability (MPL) insurance carrier, based on 2019 estimated statutory data.