ProAssurance

ProAssurance Corporation is a holding company that specializes in property and casualty insurance, primarily focusing on professional liability insurance in the United States. Founded in 1976, the company operates several wholly-owned subsidiaries located in Alabama, Illinois, Michigan, Nevada, and Vermont. These subsidiaries provide various insurance products, including professional liability coverage for healthcare professionals and facilities, as well as for attorneys, in addition to offering workers' compensation insurance. ProAssurance categorizes its operations into five segments: Specialty Property and Casualty, Workers' Compensation, Segregated Portfolio Cell Reinsurance, Lloyd's Syndicate, and Corporate. The majority of the company's revenue is derived from its Specialty Property and Casualty segment, with Workers' Compensation contributing as a significant secondary source of income.