August 1, 2014 marks the beginning of an exciting new phase in our company’s history. For more than 35 years, PMSLIC Insurance Company, a wholly owned subsidiary of NORCAL Mutual Insurance Company, has served the medical community with the promise of providing the highest quality products and services. Continuing in this spirit, NORCAL Mutual is integrating its subsidiaries and undergoing a strategic expansion to become one national mutual insurance company to provide our policyholders greater services and resources. Beginning August 1, PMSLIC policyholders will transition to NORCAL Mutual at their next renewal.
Our policyholders will continue to receive the same exceptional level of personal service and attention that has been a hallmark, and will also continue to work with the same service teams they have come to know. We will be notifying each of our policyholders of any potential changes to their coverage as they approach their renewal period and will endeavor to make this conversion as seamless as possible for our policyholders.
With the transition to NORCAL Mutual, policyholders will be offered coverage with a newly filed policy that enhances existing offerings, including information and network security and administrative defense insurance, as well as new options that were not available with the PMSLIC policy. Also, as a member of a mutual company, policyholders will have the right to vote in the election of the NORCAL Mutual board of directors and share in any dividends that may be declared.
We are very excited about this next phase of our growth. Our company is dedicated now more than ever to serving our policyholders, and to providing the protection and peace of mind they have come to expect.