Navigation Links
A. M. Best Upgrades ProAssurance Group to 'A' (Excellent)

BIRMINGHAM, Ala., June 17 /PRNewswire-FirstCall/ -- ProAssurance Corporation (NYSE: PRA) said today that A. M. Best has upgraded the rating for ProAssurance Group to "A" (Excellent). The Group's debt rating was also upgraded to "BBB." The rating outlook is Stable.

(Logo: )

"We're pleased that A. M. Best has recognized ProAssurance's outstanding financial performance," said W. Stancil Starnes, the President and Chief Executive Officer of ProAssurance. He added, "At a time when the financial stability of many financial institutions is in question, ProAssurance stands out for its balance sheet strength and proven track record of a long-term commitment to its insureds."

Best cited ProAssurance's group's consistently strong operating performance over the last several years, and noted that, "...the rating upgrades further reflect ProAssurance's excellent risk adjusted capitalization, conservative reserving and investing practices and its business position as one of the leading writers of medical professional liability insurance in the United States."

Best further recognized the growth and diversification ProAssurance has achieved through three acquisitions in 2009. They said, "With the additions of The PICA Group, Georgia Lawyers Insurance Company and Mid-Continent General Agency, PRA has added to the number of states in which it writes, while considerably expanding its reach into the medical professional liability, lawyer professional liability and ancillary healthcare lines."

The upgraded rating of "A" Excellent applies to the ProAssurance Group, which includes ProAssurance Casualty Company, ProAssurance Indemnity Company and ProAssurance Specialty Insurance Company. The ratings of ProAssurance's other insurance subsidiaries were also affirmed by Best.

About ProAssurance

ProAssurance Corporation is the nation's fifth largest writer of medical professional liability insurance, based on the 2008 writing of its current subsidiaries. The company's recently completed transactions with The PICA Group and Mid-Continent General Agency are expected to significantly increase ProAssurance's medical professional liability business, and the strategic acquisition of Georgia Lawyers Insurance Company will add legal professional liability business and should facilitate expansion of that line of insurance in the southeast. ProAssurance is highly rated by both A. M. Best and Fitch and is also recognized as one of the top performing insurance companies in America by virtue of its inclusion in the Ward's 50 for the past two years.

SOURCE ProAssurance Corporation
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Perot Systems Announces Special Financing Options for Stimulus Plan Healthcare Technology Upgrades
2. Patient Convenience Focus of New Upgrades to HeliTrax System by CSL Behring
3. MTM Upgrades its Phone System to Ensure Leading edge Technology and Software Feature sets for Existing and Future Clients
4. NBC Digital Health Network Upgrades WEGENER(R) Compel(R) Network Control System and Adds MediaPlan(R) Content Management System
5. Beacon Equity Issues Technical Trade Alerts on Recent Analyst Upgrades: SPC, WSM, MRX, WXS, MHGC, DSPG
6. Beacon Equity Issues Technical Trade Alerts on Recent Analyst Upgrades: WMT, EYE, ESRX, EXP, QLGC, NSM
7. AHIMA Supports CMS Steps to Adopt ICD-10 Upgrades
8. SSM Health Care Upgrades Patient Care With Speedy Document Management Implementation
9. Bristol-Myers Squibb Agrees to Clean Air Act Upgrades
10. Bragada(R) Luxury Mattress, Inc. Upgrades Luxury and Ultra Luxury Collections
11. ProAssurance Closes PICA Transaction
Post Your Comments:
(Date:11/27/2015)... , ... November 27, 2015 , ... Dr. Thomas ... Associates, Inc. and Dr. Tucker Bierbaum with Emergency Medicine at St., Joseph ... that both STEMI and Sepsis conditions present in similar ways and require time-critical intervention ...
(Date:11/26/2015)... ... 26, 2015 , ... Patients at Serenity Point Recovery, a ... on Thanksgiving Day to share the things that they are most grateful for ... YouTube channel, patients displayed what they wrote on index cards, describing the things ...
(Date:11/26/2015)... ... 26, 2015 , ... Somu Sivaramakrishnan announced today that he ... now offers travelers, value and care based Travel Services, including exclusive pricing on ... as, cabin upgrades and special amenities such as, shore excursions, discounted fares, travel ...
(Date:11/26/2015)... TX (PRWEB) , ... November 26, 2015 , ... PRMA ... On November 19, 2015, our surgeons performed their 6,000th free flap breast reconstruction surgery! ... “We wake up every day excited to rebuild lives and it’s an honor to ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... health and wellness consultation, has collaborated with Women’s Web – an online ... queries on topics on mental and emotional well-being relationship, life balance, stress, ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... , November 26, 2015 ... addition of the "2016 Future Horizons ... of Abuse Testing Market: Supplier Shares, Country ... report to their offering. --> ... the "2016 Future Horizons and Growth ...
(Date:11/26/2015)... Nov. 26, 2015 Research and Markets ( ... "Advanced Wound Care Market by Type (Dressings, Therapy Devices, ... (In-Patient Facility, Out-Patient Facility), and Geography - Global Forecast ... --> --> The purpose ... and forecast of the global advanced wound care market. ...
(Date:11/26/2015)... India , November 26, 2015 ... --> adds ... Report" and "Investigation Report on China ... and 2021 forecasts data and information ... . ...
Breaking Medicine Technology: