Profile: ProAssurance Corp (PRA.N)
53.85USD
2 Aug 2013
$-0.17 (-0.31%)
$54.02
$53.91
$53.91
$53.85
1,267
64,364
$55.43
$41.82
ProAssurance Corporation, incorporated in June 2001, is a holding company for property and casualty insurance companies focused on professional liability insurance. The Company’s insurance subsidiaries are primarily focused on providing professional liability insurance to individuals and institutions engaged in the delivery of healthcare. It also maintains a book of legal professional liability business. The Company also offers professional liability insurance on an excess and surplus lines basis. It is licensed to do business in every state. The Company utilizes independent agencies, as well as an internal sales force to write its business. During the year ended December 31, 2011, the Company estimated that approximately 64% of its gross premiums written were produced through independent insurance agencies. In November 2012, the Company acquired Independent Nevada Doctors Insurance Exchange (IND).
The Company’s underwriting process is driven by individual risk selection. Its underwriters work with its claims departments, consulting with staff about claims histories and patterns of practice in a particular locale, as well as monitoring claims activity. For its medical professional liability (MPL) business, underwriters are assisted by the Company’s medical advisory committees. These committees consist of physicians, other healthcare providers and representatives of hospitals and healthcare entities, and help the Company maintain close ties to the medical communities in these markets, provide information on the practice of medicine in each market and provide guidance on underwriting issues. As of February 14, 2012, the Company’s subsidiaries included ProAssurance Group, ProAssurance Indemnity Company, Inc., ProAssurance Casualty Co., ProAssurance Specialty Insurance Company, Inc., Podiatry Insurance Company of America, PACO Assurance Company, Inc. and ProAssurance National Capital Insurance Co.
Company Address
ProAssurance Corp
100 Brookwood Place
BIRMINGHAM AL 35209
P: +1205.8774400
F: +1205.8684073
Company Web Links
| Name | Compensation |
|---|---|
William Starnes |
3,911,710 |
Edward Rand |
1,558,920 |
Frank O'Neil |
-- |
Jeffrey Lisenby |
-- |
Howard Friedman |
1,632,020 |

