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Section 1: 8-K (8K REPORTING PROASSURANCE'S INCLUSION IN THE 2018 WARD'S 50)

Document

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): July 17, 2018
394253269_wards8k71718image1.jpg
ProAssurance Corporation
(Exact name of registrant as specified in its charter)

Delaware
001-16533
63-1261433
(State of Incorporation)
(Commission File No.)
(IRS Employer I.D. No.)

100 Brookwood Place, Birmingham, Alabama
35209
(Address of Principal Executive Office )
(Zip code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act
(17CFR 240.13e-(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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Item 7.01 REGULATION FD DISCLOSURE
On July 17, 2018 we issued a news release highlighting ProAssurance’s recognition as a member of the Ward’s 50 for 2018. This is the twelfth straight year ProAssurance has been included on the list, which selects the top performing property/casualty insurance companies in the US from a potential list of nearly 3,000 candidates. We are providing a copy of the release as an exhibit in this Current Report on Form 8K.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
We are furnishing Exhibit 99.1 to this Current Report on Form 8-K in accordance with Item 7.01, Regulation FD Disclosure. This exhibit shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 17, 2018
 
 
PROASSURANCE CORPORATION
 
by: /s/ Frank B. O’Neil
 
Frank B. O’Neil
Senior Vice-President


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Section 2: EX-99.1 (NEWS RELEASE REPORTING PROASSURANCE'S INCLUSION IN THE 2018 WARD'S 50)

Exhibit
NEWS RELEASE 394253269_ward502018finalimage1.jpg
For More Information:
Frank B. O’Neil, IRC
Sr. Vice President, Corporate Communications & Investor Relations
800-282-6242 • 205-877-4461 • FrankONeil@ProAssurance.com

ProAssurance Named a Ward’s 50 Company for the Twelfth Straight Year
BIRMINGHAM, AL, July 17, 2018 /PRNewswire/ ProAssurance Corporation (NYSE:PRA) has again been named to the prestigious Ward’s 50. This marks the twelfth consecutive year that ProAssurance has been recognized by the Ward Group as one of America’s fifty top performing property-casualty insurance companies.
The Ward Group screened nearly 3,000 insurers for financial stability, asset quality and capital position, revenue growth, underwriting results, financial returns, and operational excellence. Only companies that survive the rigorous evaluation process are recognized by their inclusion in the Ward’s 50.
ProAssurance’s Chief Executive Officer, W. Stancil Starnes, said, “Earning this recognition of superior performance for each of the last twelve years affirms our dedication to a long-term strategy emphasizing unquestioned financial strength achieved through disciplined underwriting and pricing, a steadfast dedication to effective claims management and an unwavering commitment to a service excellence that truly differentiates ProAssurance. In addition to validating our strategic vision, this recognition from the Ward Group is a well-deserved tribute to our employees and our distribution partners who implement that vision every day by delivering on the promise of ‘Treated Fairly.’”
Jeff Rieder, partner and head of Ward benchmarking at Aon said, “In selecting the Ward’s 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results.”
About ProAssurance
ProAssurance Corporation is an industry-leading specialty insurer with extensive expertise in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers’ compensation insurance. The company is recognized as one of the top performing insurance companies in America by virtue of our inclusion in the Ward’s 50 for the past twelve years. ProAssurance Group is rated “A+” (Superior) by A.M. Best; ProAssurance and its operating subsidiaries are rated “A” (Strong) by Fitch Ratings.
For the latest on ProAssurance and its industry leading suite of products and services, cutting edge risk management and practice enhancement programs, follow @ProAssurance on Twitter or LinkedIn. ProAssurance’s YouTube channel regularly presents thought provoking, insightful videos that communicate effective practice management, patient safety and risk management strategies.

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