With Eastern, Medmal Writer ProAssurance Makes Leap into Comp

By David Dankwa, Senior ReporterProAssurance, a writer of medical professional liability insurance based in Birmingham, Ala., is moving into the workers’ compensation market with its proposed acquisition of Pennsylvania-based Eastern Insurance Group for $205 million.The union brings together monoline insurers that specialize in two of the most volatile, long-tailed lines in the property and casualty space. Eastern offers workers’ compensation to employers with generally 1,000 employees or less that traditionally pay an average premium per policy of $21,956, according to filings wit...