ProAssurance's Net Income Falls in Q2

Despite growth in its workers' compensation book of business, the property and casualty carrier ProAssurance Corp. marked a 33.6% reduction in net premium in the second quarter of 2015. With revenues falling and expenses rising, ProAssurance saw net income fall from $49.9 million in the second quarter of 2014 to $33.2 million during the same time period this year, the company reported on its latest earnings release. The company's net premiums written increased 1.5% from $168.6 million to $171.1 million, while its net losses and loss-adjustment expenses rose 5.1% from $98.9 m...