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Section 1: 8-K (8-K REPORTING PROASSURANCE'S INCLUSION IN THE 2019 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 16, 2019
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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)
Registrant’s telephone number, including area code: (205) 877-4400
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange Act
(17CFR 240.13e-(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
PRA
New York Stock Exchange
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 o
 
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. o





Item 7.01
REGULATION FD DISCLOSURE
On July 16, 2019 we issued a news release highlighting ProAssurance’s recognition as a member of the Ward’s 50 for 2019. This is the thirteenth consecutive year ProAssurance has been included on the list, which selects the top performing property/casualty insurance companies in the U.S. 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 8-K.
Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS
    99.1 News release issued on July 16, 2019, announcing ProAssurance's selection as a member of the Ward's 50 for 2019.
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 16, 2019
PROASSURANCE CORPORATION
by: /s/ Jeffrey P. Lisenby
Jeffrey P. Lisenby
General Counsel






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Section 2: EX-99.1 (NEWS RELEASE REPORTING PROASSURANCE'S INCLUSION IN THE 2019 WARD'S 50)

Exhibit




NEWS RELEASE
For More Information:
Ken McEwen
Investor Relations Manager
800-282-6242 • 205-439-7903 • [email protected]
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ProAssurance Named a Ward's 50 Company for the Thirteenth Consecutive Year
BIRMINGHAM, AL - (BUSINESSWIRE) - July 16, 2019 - ProAssurance Corporation (NYSE:PRA) has been named to the prestigious Ward’s 50 for 2019. This is the thirteenth consecutive year the Ward Group has recognized ProAssurance as one of America’s fifty top performing property-casualty insurance companies.
To be included in the Ward’s 50, companies are subject to an exceptionally rigorous evaluation process that includes financial performance, asset quality and capital position, revenue growth, underwriting results, financial returns, and operational excellence.
ProAssurance’s President & Chief Executive Officer, Ned Rand, said “Being named to the Ward’s 50 for the thirteenth consecutive year is an accomplishment that highlights the success of our long-term strategy, emphasizing the unrivaled protection and security we offer our customers. It is a testament to our employees and distribution partners that we have extended our Ward’s run despite the challenging insurance marketplace in which we operate, made possible by their unyielding dedication to our promise of ‘Treated Fairly’.”
“We recognize ProAssurance for outstanding financial results in the areas of safety, consistency, and performance over a five-year period,” said Jeff Rieder, Partner and Head of Ward Group. “In selecting the Ward’s 50, we analyze the financial performance of nearly 3,000 property-casualty insurance companies, identifying the 50 companies that pass financial stability requirements and demonstrate the 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 twelve straight 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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