ProAssurance is about YOU—and, more specifically, treating you fairly when it comes to professional liability insurance and related products and services. Our operations are devoted to successfully insuring physicians, dentists, podiatrists, allied health professionals, healthcare facilities, and lawyers; helping professionals and entities employ successful risk reduction techniques; and handling claims that do occur in the best way possible (given the unique variables involved).
ProAssurance Group is a specialty writer of professional liability insurance and products liability insurance for medical technology and life sciences companies, and is the fourth largest writer of medical professional liability insurance in America. We principally write through six subsidiaries, ProAssurance Indemnity Company, Inc., ProAssurance Casualty Company, Podiatry Insurance Company of America (PICA), Medmarc Casualty Insurance Company and our Excess & Surplus Lines carriers, ProAssurance Specialty Insurance Company, Inc. and Noetic Specialty Insurance Company.
Ratings agencies give us high marks. A.M. Best assigns a rating of “A+” (Superior) to ProAssurance Group’s ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., and ProAssurance Specialty Insurance Company, Inc. Podiatry Insurance Company of America, Medmarc Casualty Insurance Company and Noetic Specialty Insurance Company are rated “A” (Excellent) by A.M. Best. Fitch Ratings assigns a rating of “A” to ProAssurance and its subsidiaries. Moody’s assigned strong ratings of A2 to our three rated insurance subsidiaries, ProAssurance Indemnity Company, Inc., ProAssurance Casualty Company and Podiatry Insurance Company of America.
ProAssurance operates in 50 states and the District of Columbia, and has nearly 700 employees working in 24 offices. The Company’s stock trades on the New York Stock Exchange under the symbol PRA. ProAssurance has been recognized as one of the Ward’s 50 Top Performers (out of over 3,000 Property and Casualty insurance companies reviewed) every year since 2005, acknowledging ProAssurance’s safety, consistency, and excellence in management.