ProAssurance Corporation Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against ProAssurance Corporation (“ProAssurance” or the “Company”) (NYSE: PRA). This investigation concerns whether ProAssurance has violated federal securities laws and/or engaged in other unlawful business practices.
On January 22, 2020, ProAssurance disclosed a $37 million charge to its loss reserves for the fourth quarter of 2019 due to “deteriorating loss experience, driven by a large national healthcare account.”
On this news, the price of ProAssurance shares fell $4.18, or 11.1%, to close at $33.40 on January 23, 2020.
If you acquired ProAssurance securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.