Nevada Mutual began issuing its first insurance policies in May of 2002. In 2009, Nevada Mutual was awarded a financial rating from Demotech, Inc., an industry recognized rating agency. Demotech has rated Nevada Mutual a Financial Stability rating of "A Exceptional".As a mutual insurance company, Nevada Mutual is guided by the needs of its owners/policyholders, not for -profit stockholders. The Company returns any excess profits it earns to its Nevada doctor owners/policyholders. To date, Nevada Mutual has lowered liability rates, repayed the surplus loans used to start the company and returned more than $1,100,000 in dividends to its insureds. The Company weathered the financial crisis of 2008/2009 without a single investment write down or capital loss. There are not many insurance carriers able to say that!
Nevada mutual is:
To protect against catastrophic losses to the company, Nevada Mutual purchases reinsurance.
All reinsurers of NMIC are rated A or better by A.M. Best or Demotech Inc.
Our Guiding Principles
The operations of Nevada Mutual Insurance Company are guided by principles that stem from the professional liability needs of its owners. The company is committed to offering: