Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450 million transaction. Based on available estimates of premium, the combination of these companies is expected to create …
ProLawyer Insurance, dba ProSpecialist Insurance Services, has been appointed by ProAssurance/Medmarc LawyerCare as the provider of its lawyers professional liability coverage in the state of New York. The product offers admitted coverage designed for law firms with one to 25 …
A.M. Best Co. has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to Iowa-based Great Plains Casualty, Inc., both with stable outlooks. The ratings reflect Great Plains’ “adequate risk-adjusted capitalization, limited but favorable …
ProAssurance Corporation, a Birmingham, Ala.-headquartered medical liability insurer, said it is acquiring Medmarc Insurance Group. Medmarc, based in Chantilly, Virginia, specializes in products liability insurance for medical technology and life sciences companies. Under the deal, Medmarc will become part of …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Honolulu-based DTRIC Insurance Company Limited and its reinsured affiliate, DTRIC Insurance Underwriters, Limited. The outlook for all of the …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a” of ProAssurance Group and its members. Best has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of ProAssurance. …
