ProAssurance (NYSE:PRA) is a specialty property and casualty insurance holding company headquartered in Birmingham, Alabama. The company focuses primarily on professional liability coverage for healthcare providers, including physicians, surgeons, dentists and allied health professionals. ProAssurance operates through a group of insurance subsidiaries that underwrite both occurrence- and claims-made policies tailored to the unique risks faced by the medical community.
In addition to professional liability insurance, ProAssurance offers a suite of complementary property and casualty products, such as general liability, workers’ compensation, property and inland marine, and umbrella coverage. The company also provides risk management and patient safety services, delivering loss prevention education, claims consulting and on-site risk assessments to help policyholders reduce exposure and improve patient outcomes.
ProAssurance serves healthcare professionals and institutions across the United States, writing business in all 50 states through a combination of direct distribution, wholesale brokers and specialty agents. The company leverages regional underwriting expertise and centralized claims management, allowing it to respond effectively to local market conditions while maintaining consistent service standards and financial strength.
Founded in 2005, ProAssurance has grown through both organic expansion and strategic acquisitions, establishing itself as one of the leading providers of medical professional liability insurance. The company is managed by an experienced leadership team with deep backgrounds in insurance underwriting, risk management and healthcare operations, positioning ProAssurance to adapt to evolving trends and regulatory developments in the healthcare industry.
