ProAssurance Corporation Common Stock (PRA)
Frequently Asked Questions About ProAssurance Corporation Common Stock (PRA)
Has ProAssurance expanded into other markets?
Yes, while ProAssurance is primarily known for its medical malpractice insurance, the company has also entered markets such as workers' compensation and general liability insurance to diversify its offerings and reach more clients in the healthcare field.
How does ProAssurance handle claims?
ProAssurance has a dedicated claims handling team that specializes in assessing and managing medical malpractice claims. Their process involves thorough investigations, legal evaluations, and proactive communication with their insured clients throughout the claims journey.
How does ProAssurance stay up-to-date with industry regulations?
ProAssurance employs a team of compliance professionals who monitor changes in healthcare regulations and insurance laws. They ensure that the company’s policies and products align with current standards and help clients understand their obligations.
How does ProAssurance support healthcare professionals?
ProAssurance supports healthcare professionals by providing specialized insurance products tailored to their unique risks. Additionally, they offer risk management services, claims support, and educational resources to help providers navigate the complexities of the healthcare environment.
Is ProAssurance Corporation publicly traded?
Yes, ProAssurance Corporation is publicly traded on the New York Stock Exchange, allowing investors to purchase shares and participate in the company's financial growth and success.
What are the recent financial performance trends for ProAssurance?
Recent financial performance trends for ProAssurance have shown steady growth in revenue driven by increases in policy premiums. However, like many companies in the insurance industry, they may also be affected by fluctuations in claims and litigation costs, impacting overall profitability.
What does ProAssurance Corporation do?
ProAssurance Corporation is a provider of property and casualty insurance, primarily focusing on the medical malpractice market. They offer a range of insurance products designed for healthcare professionals and facilities, including coverage for claims made against physicians and other healthcare providers.
What is ProAssurance's approach to corporate social responsibility?
ProAssurance's corporate social responsibility initiatives focus on giving back to the community, enhancing patient safety, and supporting healthcare education through various programs. The company believes in making a positive impact within the healthcare sector and the communities in which it operates.
What is ProAssurance's mission statement?
ProAssurance's mission is to protect the dreams and careers of those who provide healthcare, offering peace of mind through exceptional service and products that support their clients' professional lives.
What is ProAssurance's strategy for growth?
ProAssurance's strategy for growth involves expanding its product offerings, enhancing its risk management services, and seeking strategic partnerships. The company aims to leverage its expertise in the medical malpractice insurance industry to capture opportunities in emerging markets.
What is the stock symbol for ProAssurance Corporation?
ProAssurance Corporation trades on the New York Stock Exchange under the ticker symbol NYSE:PRA. This provides investors with a way to buy and sell shares of the company in the public market.
What kind of risk management services does ProAssurance provide?
ProAssurance offers a range of risk management services to its clients, including training sessions, educational resources, incident reporting systems, and consultation services aimed at minimizing the risk of liability claims and enhancing patient safety.
What sets ProAssurance apart from its competitors?
ProAssurance differentiates itself from competitors through its focus on the medical malpractice sector, its commitment to risk management, and its strong relationships with healthcare professionals. The company emphasizes customer service and aims to provide tailored solutions.
What types of insurance products does ProAssurance offer?
ProAssurance offers a variety of insurance products, including medical malpractice insurance, workers' compensation, general liability insurance, and other related coverages for healthcare providers and organizations.
When was ProAssurance Corporation founded?
ProAssurance Corporation was founded in 1976, and it has since grown to become one of the leading insurers for medical malpractice, expanding its services and offerings to meet the needs of the healthcare industry.
Where is ProAssurance Corporation headquartered?
ProAssurance Corporation is headquartered in Birmingham, Alabama. The city's location allows the company to serve a broad range of customers while being centrally positioned in the U.S. healthcare landscape.
Who are the executives leading ProAssurance?
ProAssurance is led by a team of experienced executives with backgrounds in insurance and healthcare. The current leadership team includes a CEO, CFO, and other key professionals who guide the company's strategy and operational decisions.
Who are the primary customers of ProAssurance?
The primary customers of ProAssurance include healthcare professionals such as physicians, nurses, medical facilities, and other organizations that require liability coverage and risk management solutions.
What is the current price of ProAssurance Corporation Common Stock?
The current price of ProAssurance Corporation Common Stock is 23.36
When was ProAssurance Corporation Common Stock last traded?
The last trade of ProAssurance Corporation Common Stock was at 4:10 pm EDT on April 2nd, 2025
What is the market capitalization of ProAssurance Corporation Common Stock?
The market capitalization of ProAssurance Corporation Common Stock is 1.26B
How many shares of ProAssurance Corporation Common Stock are outstanding?
ProAssurance Corporation Common Stock has 53.98M shares outstanding.