ProAssurance Earns $6.5M from WC in 1st Year

ProAssurance's first year of business in the workers' compensation insurance market brought it an extra $6.5 million in net income. The Birmingham, Alabama-based company, which markets itself primarily as a medical professional liability insurer, acquired the workers' compensation carrier Eastern Insurance Holdings on Jan. 1, 2014. ProAssurance's new workers' compensation segment notched $194.5 million in net earned premiums, $126.5 million in losses and loss-adjustment expenses and $6.5 million in net income in its first year, according to its fourth-quarter earnings rel...