Navigation Links
Fitch Affirms ProAssurance's Rating and Stable Outlook

BIRMINGHAM, Ala., March 5 /PRNewswire-FirstCall/ -- Fitch Ratings has affirmed its ratings and Stable outlook for ProAssurance and its primary insurance subsidiaries.

(Logo: )

In announcing its decision, Fitch says their rating action, "...considers the solid financial condition of PRA's operating subsidiaries as well as consistent profitability, financial and operating flexibility, and highly experienced management team. PRA has an established reputation for providing quality service and expertise in risk management in the medical malpractice line as well as a strong track record of aggressively defending non-meritorious claims, which enhances customer loyalty and reduces fraud."

ProAssurance's Chairman and Chief Executive Officer, Stan Starnes said, "Fitch's affirmation comes after a detailed examination of our financials, including our reserves and investment portfolio, and an in-depth review of our disciplined approach to a line of business in which long-term financial strength is the best measure of success. This is especially meaningful in these uncertain economic times and speaks to our proven ability to produce excellent results through a disciplined, long-term focus on our customers' needs."

Fitch assigns an Insurer Financial Strength rating of "A" to all primary insurance subsidiaries of ProAssurance, and assigns the Corporation an Issuer Default Rating of "BBB+." The outlook for all ratings is "Stable." More information on our financial strength ratings is available for our website, The website for Fitch Ratings is

About ProAssurance

ProAssurance Corporation is the nation's fifth largest writer of medical professional liability insurance. The company's recently announced 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 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. New Study of Aspartame Research Reaffirms Safety, Even Among Heaviest Users
2. Cardinal Health Reaffirms Fiscal 2008 EPS Guidance, Updates Segment Profit Outlook
3. Vatican Affirms Church Teaching on Nutrition and Hydration for Individuals In Vegetative State
4. AlphaDetail, Inc. Affirms Commitment to Local East Coast Presence
5. Hanger Orthopedic Group, Inc. Announces Senior Leadership Succession Plan and Reaffirms Guidance
6. Accipiter Capital Management Reaffirms Its Opposition to the Acquisition of VistaCare, Inc. by Odyssey Healthcare, Inc.
7. Press Statement: Roche Affirms That Tamiflu(R) is in Ample Supply Nationwide
8. Omnicell Announces Common Stock Repurchase Program; Reaffirms Earnings Forecast
9. Pet DRx Affirms 2008 Guidance
10. Abbott Reports Double-Digit Sales and Earnings Growth in First Quarter and Reaffirms Full-Year Growth Outlook
11. Grocery Manufacturers Association: Canadian Risk Assessment Reaffirms Safety of Bisphenol A (BPA) for Adults and Children
Post Your Comments:
(Date:11/26/2015)... ... November 26, 2015 , ... ... for mental health and wellness consultation, has collaborated with Women’s Web – ... their reader’s queries on topics on mental and emotional well-being relationship, life ...
(Date:11/25/2015)... , ... November 25, 2015 , ... ... where preparing the perfect dish and pleasing the palates of attendees is of ... bringing a dish to a seasonal get-together, give these recipes a try this ...
(Date:11/25/2015)... ... November 25, 2015 , ... Dr. John Pierce, Medical Director ... about hair loss treatment with the Capillus272™ Pro laser therapy cap. FDA cleared for ... and fuller hair, without the need for surgery, prescription pills, or topical foams. ...
(Date:11/25/2015)... ... November 25, 2015 , ... According to an article published November ... more widely heralded as a breakthrough for performing hernia repairs. The article explains that ... surgery is that it can greatly reduce the pain that a patient might otherwise ...
(Date:11/25/2015)... Raton, Florida (PRWEB) , ... November 25, 2015 ... ... diagnostic testing for physicians and athletic programs, launches new Wimbledon Athletics ... importance of testing young athletes for unsuspected cardiac abnormalities. About 2,000 people under ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... , Nov. 25, 2015  Amgen (NASDAQ: ... License Application (BLA) with the United States ... ABP 501, a biosimilar candidate to Humira ® ... biosimilar application submitted to the FDA and represents Amgen,s ... Sean E. Harper , M.D., executive vice president ...
(Date:11/25/2015)... , Nov. 25, 2015  Linden Care, LLC, ... optimizing treatment outcomes for patients suffering from chronic pain, ... for a Temporary Restraining Order (TRO) enjoining Express Scripts ... two companies. --> --> ... all of its legal options. --> ...
(Date:11/25/2015)... 25, 2015 On Tuesday, November 24, ... trial against Wright Medical Technology, Inc. for product ... metal-on-metal hip implant device, awarded $11 million in ... week trial and three days of deliberations, the ... was defectively designed and unreasonably dangerous, and that ...
Breaking Medicine Technology: