ProAssurance Improves Work Comp Results in Q2

ProAssurance Corp. has reported net income of $19.5 million for the second quarter, a 55% decrease from net income of $43.1 million in the second quarter of 2016. For the first half of the year, net income was $61 million, down 2.3% from $62.4 million during the same period last year. But in the workers’ compensation segment, net premiums written for the quarter were up 5.2%, to $54.7 million. For the first half of the year, workers’ comp net premiums written increased 7.2%, to $130 million. The workers’ comp combined ratio was 89% for the second quarter and 92.5% for the ...