ProAssurance’s Q1 CoR rises 8.1 points to 113.9% driven by large jury verdicts
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ProAssurance’s Q1 CoR rises 8.1 points to 113.9% driven by large jury verdicts

Kyoung-son Song
May 09, 2023
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ProAssurance’s Q1 combined ratio deteriorated by 8.1 points to 113.9%, as its specialty P&C segment continued to face the challenges of social inflation and large jury verdicts in the healthcare professional liability space.

“The medical professional liability market faces cost pressures driven by social inflation, reinsurance costs and the weakening of tort reform,” the company wrote in its earnings release.

Affected

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News Results Proassurance Group Earnings
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Kyoung-son Song
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