Company name ProAssurance Corporation
Stock symbol PRA
Status Under Investigation

NEW YORK, May 15, 2020 – Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against ProAssurance Corporation (NYSE: PRA) on behalf of ProAssurance stockholders. Our investigation concerns whether ProAssurance has violated the federal securities laws and/or engaged in other unlawful business practices.

On January 22, 2020, ProAssurance disclosed a $37 million charge to its loss reserves for fourth quarter 2019 due to “deteriorating loss experience, driven by a large national healthcare account.”

On this news, the Company’s stock price fell as much as $4.81, or nearly 13%, on January 23, 2020, to close at $33.40 per share.

Then, on May 7, 2020, ProAssurance reported its financial results for the first quarter 2020, including total revenues down 2.6% from first quarter 2019 revenues and cutting the dividend from $0.31 per share to just $0.05 per share.

On this news, the price of ProAssurance shares fell $4.38, or 21.5%, to close at $15.95 on May 8, 2020.

If you purchased or otherwise acquired ProAssurance shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Marion Passmore or Melissa Fortunato by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.

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