![]() ![]() The ratings also consider the group’s market position across multiple jurisdictions and diversification across multiple disciplines within the medical professional liability space, along with legal professional liability lines and the recently added life sciences and medical device liability business.” Best indicated that “these ratings also acknowledge the depth and breadth of ProAssurance’s enterprise risk management programs and policies. “The group’s ongoing underwriting success is credited to management’s conservative reserving practices, disciplined underwriting standards and proactive legal defense and claims handling philosophy. The affirmation of ProAssurance’s ratings reflects its “strong risk-adjusted capital, favorable operating performance and strong business profile in the medical professional liability insurance sector and other business lines,” Best explained. The outlook for these ratings remains stable. Along with these rating actions, Best has affirmed the FSR of ‘A’ (Excellent) and ICR of “a” of Podiatry Insurance Company of America (PICA) and the FSR of ‘A-‘ (Excellent) and ICR of “a-” of PACO Assurance Company, Inc., both headquartered in Nashville, Tennessee, also subsidiaries of PRA. Best has also affirmed the FSR of ‘A’ (Excellent) and the issuer credit rating of “a” of the additional subsidiaries of PRA: Medmarc Casualty Insurance Company and Noetic Specialty Insurance Company, both headquartered in Chantilly, Virginia, also with stable outlooks. In addition Best affirmed the indicative debt ratings under the shelf registration of “a-” on the senior unsecured debt, “bbb+” on the subordinated debt and “bbb” on the preferred stock of PRA. Best also affirmed the ICR of “a-“of PRA, as well as the debt rating of PRA’s senior unsecured debt issue of $250.0 million, 5.30 percent 10-year senior unsecured notes due 2023. The companies are headquartered in Birmingham, Alabama. The outlook for all of these ratings is stable. The companies are select subsidiaries of ProAssurance Corporation (PRA), collectively referred to as ProAssurance Group. and ProAssurance Specialty Insurance Company, Inc. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc. This is not intended to solicit property currently listed.A.M. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. ![]() Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. ![]() ![]() Information from sources other than the Listing Agent may have been included in the MLS data. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional Multiple Listing Service, Inc. ![]()
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