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, since 2009.

As a mutual insurance company, Nevada Mutual is guided by the needs of its owners/policyholders, not stockholders. The Company returns excess profits to its Nevada doctor owners/policyholders. To date, Nevada Mutual has lowered liability rates, repaid 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. Not many insurance carriers can say that!

Nevada Mutual is…

  • Licensed under the authority of the Nevada Division of Insurance.
  • Subject to the regulatory oversight of the Nevada Division of Insurance.
  • Managed by professional insurance executives with extensive expertise and experience in medical professional liability insurance.
  • Protected against catastrophic losses to the company through the purchase of reinsurance.

All reinsurers of NMIC are rated “A” or better by A.M. Best or Demotech Inc.

Our Guiding Priciples

The operations of Nevada Mutual Insurance Company are guided by principles stemming from the professional liability needs of its owners. The company is committed to offering:

The broadest medical professional liability protection practicable;

Stability in premiums;

Continuity in coverage.

Comments from the Chairman

To Our Policyholders/Owners and the Nevada Physician Community

As we report back on 2016, we look forward to 2017. Your company began business in May of 2002. To say a lot has happened in the world, in Nevada and at your company during the past fifteen years is perhaps an understatement.

In 2012, we embarked upon a plan to expand into new lines of business to better serve Nevadans and to reduce our exposure to the volatility inherent in insuring one type of risk. We also set out to create reinsurance relationships that would significantly reduce your company’s exposure to loss. In 2016, we made great progress on both these objectives. Today, workers’ compensation insurance has become our largest line of business and the profits we hope to earn from that line can, and will, be used to support our goal — be the most stable and cost-effective doctor insurer in the state. We have created strong, new reinsurance relationships that have reduced our net leverage ratios below the industry average. During 2016, we posted another strong year of profitability, building our surplus and improving our capacity to help our insureds.

Through all of this, your company remains a mutual insurer owned by its insureds and directed by a board whose majority is comprised of practicing Nevada doctors, healthcare business experts and hospital administrators. It is a group that knows healthcare, knows the challenges facing its member insureds, and actively seeks ways to improve the legal climate for medical malpractice in Nevada. Backed by the most experienced medical malpractice management and defense lawyer team in Nevada, your company is fully prepared to protect you.

We promise to keep our focus on you, our insureds, and we thank you for your support.

Terry Lewis, MD