Net loss ratio “not yet satisfactory,” CEO says
Medical professional liability (MPL) specialist insurer ProAssurance Corporation reported net income of $15.5 million, or $0.30 per diluted share, for the quarter ending June 30. The company also recorded operating income of $11.5 million, or $0.23 per diluted share, for the same period.
The company says that it accounted for nearly 90% of the specialty P&C segment’s gro