Medical malpractice insurer PMSLIC Insurance Co. has filed for an overall 11 percent rate reduction in Pennsylvania. If approved by the Pennsylvania Department of Insurance, the revised rates will go into effect Jan. 1, 2008.
The decision to file for the rate reduction was attributed to improved loss experience.
The company, formerly owned by the Pennsylvania Medical Society, is owned by NORCAL Mutual Insurance Co. of San Francisco, Calif., and is part of the NORCAL Group.
Editor’s Note and Correction: A previous version of this story incorrectly identified PMSLIC Insurance Co. as the Pennsylvania Medical Society Liability Insurance Co. and reported it was still owned by the Pennsylvania Medical Society. Insurance Journal regrets the errors.
Source: PMSLIC
Topics Carriers Pennsylvania
Was this article valuable?
Here are more articles you may enjoy.
London Broker Howden Plots Giant Capital Raise on IPO Path 
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
Trump’s Diversity Crackdown Reverberates Through US Boardrooms 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
