Industry Consolidation Could Have Deflating Effect on Medical Malpractice Insurance
side note: Consolidation continues. As per the press release below, NORCAL Mutual Insurance Co. has announced its acquisition of Medicus Insurance Co., a regional insurer of medical liability headquartered in Austin, Texas. This continues the consolidation trend that has already seen The Doctors Company purchase APCapital. Oftentimes, when consolidation occurs, medical malpractice insurance premiums will deflate. Contact your broker today to find out if the Medicus acquisition offers any cost-saving benefit to you.
Today, Medicus Insurance Company announced that it has entered into a definitive merger agreement to be acquired by NORCAL Mutual Insurance Company of San Francisco, CA. The transaction is subject to customary closing conditions, including receipt of regulatory approval.