ProAssurance Revises Record Date for Upcoming Quarterly Dividend

       ProAssurance Revises Record Date for Upcoming Quarterly Dividend

PR Newswire

BIRMINGHAM, Ala., March 13, 2013

BIRMINGHAM, Ala., March 13, 2013 /PRNewswire/ --ProAssurance Corporation
(NYSE:PRA) announced today that the record date for its upcoming cash dividend
of $0.25 per common share will be April 1, 2013. The dividend payment date
remains April 11, 2013. The change is being made due to the Good Friday
holiday at the New York Stock Exchange on March 29, 2013, the previously
announced record date.

(Logo: http://photos.prnewswire.com/prnh/20081024/PROASSURANCELOGO )

Our dividend policy, updated on December 5, 2012, anticipates a total annual
dividend of $1.00 per share, to be paid in equal quarterly installments.
However, any decision to pay future cash dividends is subject to the Board's
final determination after a comprehensive review of the company's financial
performance, future expectations and other factors deemed relevant by the
Board.

About ProAssurance

ProAssurance Corporation is an industry-leading specialty insurance company
with extensive expertise in medical professional liability, products liability
for life sciences and the medical technology industry and legal professional
liability. ProAssurance is recognized as one of the top performing insurance
companies in America by virtue of our inclusion in the Ward's 50 for the past
six years and is consistently ranked as a top performing property casualty
insurer in Moody's Yearly Statistical Handbook. ProAssurance is rated "A"
(Strong) by Fitch Ratings; ProAssurance Group is rated "A" (Excellent) by A.M.
Best.

Caution Regarding Forward-Looking Statements

Statements in this news release that are not historical fact or that convey
our view of future business, events or trends are specifically identified as
forward-looking statements. Forward-looking statements are based upon our
estimates and anticipation of future events and highlight certain risks and
uncertainties that could cause actual results to vary materially from our
expected results. We expressly claim the safe harbor provisions of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, for any forward-looking statements in this
news release. Forward-looking statements represent our outlook only as of the
date of this news release. Except as required by law or regulation, we do not
undertake and specifically decline any obligation to publicly release the
result of any revisions that may be made to any forward-looking statements to
reflect events or circumstances after the date of such statements or to
reflect the occurrence of anticipated or unanticipated events.

Forward-looking statements are generally identified by words such as, but not
limited to, "anticipate," "believe," "estimate," "expect," "hope," "hopeful,"
"intend," "may," "optimistic," "potential," "preliminary," "project,"
"should," "will," and other analogous expressions. When we address topics such
as liquidity and capital requirements, the value of our investments, return on
equity, financial ratios, net income, premiums, losses and loss reserves,
premium rates and retention of current business, competition and market
conditions, the expansion of product lines, the development or acquisition of
business in new geographical areas, the availability of acceptable
reinsurance, actions by regulators and rating agencies, court actions,
legislative actions, payment or performance of obligations under indebtedness,
payment of dividends, and other similar matters, we are making forward-looking
statements.

Risks that could adversely affect the mergers of Medmarc and IND into
ProAssurance include, but are not limited to, the following:

  oThe outcome of any potential claims from policyholders of Medmarc and IND
    relating to payments or other issues arising from their respective
    conversions to stock insurance companies and subsequent mergers into
    ProAssurance;
  othe businesses of ProAssurance and Medmarc or ProAssurance and IND may not
    be integrated successfully, or such integration may take longer to
    accomplish than expected;
  ocost savings from either transaction may not be fully realized or may take
    longer to realize than expected;
  ooperating costs, customer loss and business disruption following either or
    both transactions, including adverse effects on relationships with
    employees, may be greater than expected.

The following important factors are among those that could affect the actual
outcome of other future events:

  ochanges in general economic conditions;
  oour ability to maintain our dividend payments;
  oregulatory, legislative and judicial actions or decisions that could
    affect our business plans or operations; the enactment or repeal of tort
    reforms;
  oformation or dissolution of state-sponsored medical professional liability
    insurance entities that could remove or add sizable groups of physicians
    from or to the private insurance market;
  othe impact of deflation or inflation;
  ochanges in the interest rate environment;
  ochanges in U.S. laws or government regulations regarding financial markets
    or market activity that may affect the U.S. economy and our business;
  ochanges in the ability of the U.S. government to meet its obligations that
    may affect the U.S. economy and our business;
  operformance of financial markets affecting the fair value of our
    investments or making it difficult to determine the value of our
    investments;
  ochanges in accounting policies and practices that may be adopted by our
    regulatory agencies and the Financial Accounting Standards Board, the
    Securities and Exchange Commission, or the Public Company Accounting
    Oversight Board;
  ochanges in laws or government regulations affecting medical professional
    liability insurance or the financial community;
  othe effects of changes in the healthcare delivery system, including but
    not limited, to the Patient Protection and Affordable Care Act;
  oconsolidation of healthcare providers and entities that are more likely to
    self insure and not purchase medical professional liability insurance;
  ouncertainties inherent in the estimate of loss and loss adjustment expense
    reserves and reinsurance;
  ochanges in the availability, cost, quality, or collectability of
    insurance/reinsurance;
  othe results of litigation, including pre- or post-trial motions, trials
    and/or appeals we undertake;
  oallegation of bad faith which may arise from our handling of any
    particular claim, including failure to settle;
  oloss of independent agents;
  ochanges in our organization, compensation and benefit plans;
  oour ability to retain and recruit senior management;
  oassessments from guaranty funds; our ability to achieve continued growth
    through expansion into other states or through acquisitions or business
    combinations;
  ochanges to the ratings assigned by rating agencies to our insurance
    subsidiaries, individually or as a group;
  oprovisions in our charter documents, Delaware law and state insurance law
    may impede attempts to replace or remove management or may impede a
    takeover;
  ostate insurance restrictions may prohibit assets held by our insurance
    subsidiaries, including cash and investment securities, from being used
    for general corporate purposes;
  otaxing authorities can take exception to our tax positions and cause us to
    incur significant amounts of legal and accounting costs and, if our
    defense is not successful, additional tax costs, including interest and
    penalties;
  oinsurance market conditions may alter the effectiveness of our current
    business strategy and impact our revenues; and
  oexpected benefits from completed and proposed acquisitions may not be
    achieved or may be delayed longer than expected due to business
    disruption; loss of customers, employees and key agents; increased
    operating costs or inability to achieve cost savings; and assumption of
    greater than expected liabilities among other reasons.

Additional risk factors that may cause outcomes that differ from our
expectations or projections
are described in various documents filed by ProAssurance Corporation with the
Securities and
Exchange Commission, such as current reports on Form 8-K, and regular reports
on Forms 10-Q and 10-K, particularly in "Item 1A, Risk Factors.

SOURCE ProAssurance Corporation

Website: http://www.proassurance.com
Contact: Frank B. O'Neil, Sr. Vice President, Corporate Communications &
Investor Relations, +1-800-282-6242, or +1-205-877-4461,
foneil@ProAssurance.com
 
Press spacebar to pause and continue. Press esc to stop.