| Business Summary | | ProAssurance
Corporation
is
a
risk
management
and
claims
defense
company.
ProAssurance's
subsidiaries,
Medical
Assurance,
Inc.
and
ProNational
Insurance
Company,
are
licensed
to
write
business
in
over
45
states,
and
the
Company
protects
more
than
30,000
policyholders
throughout
the
United
States.
ProAssurance
Corporation
is
the
holding
company
formed
by
the
merger
of
two
medical
liability
insurance
companies,
Medical
Assurance,
Inc.
and
Professionals
Group,
the
parent
company
for
ProNational
Insurance
Company
and
MEEMIC
Holdings,
Inc.
a
provider
of
auto
and
homeowners
coverage
for
educational
employees
in
Michigan. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ProAssurance
Corporation
is
a
risk
management
and
claims
defense
company
that
operates
through
its
subsidiaries,
Medical
Assurance,
Inc.
and
ProNational
Insurance
Company.
For
the
three
months
ended
3/31/01,
total
revenues
rose
26%
to
$60.4
million.
Net
income
fell
70%
to
$2.3
million.
Revenues
reflect
increased
premiums
earned
due
to
rate
increases
and
reductions
in
discretionary
discounts.
Earnings
were
offset
by
higher
losses
and
adjustments. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
57,987;
after
tax
earnings
were
2,987. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | A. Derrill Crowe, M.D. | Chairman,
CEO | Victor Adamo | Vice
Chairman, Pres, COO | James Morello | CFO,
Treasurer | Howard Friedman | Sr.
VP, Corp. Devel. Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|