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ProAssurance Closes PICA Transaction
Date:4/1/2009

BIRMINGHAM, Ala. and NASHVILLE, Tenn., April 1 /PRNewswire-FirstCall/ -- ProAssurance Corporation (NYSE: PRA) announced today that it has closed the transaction that brings the Podiatry Insurance Company of America (PICA) into ProAssurance.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081024/PROASSURANCELOGO)

Stan Starnes, the Chairman and Chief Executive Officer of ProAssurance said, "We're excited about what PICA brings to our organization. As the nation's dominant writer of professional liability insurance for doctors of podiatric medicine, PICA brings profitable business to our top line, expands the number of states in which we write business and enhances our organization's ability to write new classes of medically-related professional liability insurance as a standalone subsidiary."

Jerry D. Brant, DPM, the Chief Executive Officer of PICA, stressed the advantages for
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SOURCE ProAssurance Corporation
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