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| 8-K - THIS IS THE BODY OF OUR FILING WHICH HIGHLIGHTS RATING AFFIRMATIONS BY A. M. BEST - PROASSURANCE CORP | bodyoffiling.htm |
A. M. Best Affirms Ratings for ProAssurance
BIRMINGHAM, Ala., June 14, 2011 /PRNewswire/ -- ProAssurance Corporation (NYSE:PRA - News) today highlighted recent rating actions by A. M. Best which affirmed the financial strength ratings assigned to the ProAssurance Group and its subsidiaries
A. M. Best affirmed the "A" (Excellent) ratings assigned to ProAssurance Group, ProAssurance Casualty, ProAssurance Indemnity, ProAssurance Specialty, American Physicians Insurance Company and the Podiatry Insurance Company of America. The "A-" ratings assigned to ProAssurance National Casualty, ProAssurance Wisconsin and PACO Assurance are affirmed at "A-" (Excellent). The outlook for the Financial Strength Rating of ProAssurance National is upgraded to Positive from Stable.
A. M. Best highlighted ProAssurance's "…sustained underwriting and operating profitability and excellent risk-adjusted capitalization," in announcing its rating actions. Best also cited ProAssurance's solid balance sheet, aggressive claims defense, risk management expertise, geographical diversification and localized knowledge within the various jurisdictions in which it operates.
About ProAssurance
ProAssurance Corporation is the nation's largest independently traded specialty writer of medical professional liability insurance. 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 four years. ProAssurance is rated "A" (Strong) by Fitch Ratings; ProAssurance Group is rated "A" (Excellent) by A.M. Best.