SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): January 23, 2007
ProAssurance Corporation
(Exact name of registrant as specified in its charter)
Delaware 001-16533 63-1261433
(State of Incorporation) (Commission File No.) (IRS Employer I.D. No.)
100 Brookwood Place, Birmingham, Alabama 35209
(Address of Principal Executive Office) (Zip code)
Registrant's telephone number, including area code: (205) 877-4400
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Securities Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange
Act (17CFR 240.13e-(c))
Item 7.01 Regulation FD Disclosure
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On January 24, 2007 ProAssurance announced that Standard & Poor's
had issued an upward revision to its outlook for ProAssurance and
our individually-rated subsidiaries. The outlook is now "Stable."
We also reported that Standard & Poor's affirmed their "A-"
financial strength rating for ProAssurance and the
rated-subsidiaries, as well as the BBB-" credit rating assigned
to ProAssurance itself. The news release announcing the actions
is furnished as Exhibit 99.1 to this Current Report on Form 8K.
Item 9.01 Financial Statements and Exhibits
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(d) Exhibits
99.1 News release, dated January 24, 2007, announcing the rating
decisions of Standard & Poor's.
The information we are furnishing under Items 7.01 and 9.01 of this Current
Report on Form 8K shall not be deemed to be "filed" for the purposes of Section
18 of the Securities and Exchange Act of 1934 (the "Exchange Act") as amended,
or otherwise subject to the liability of that section, nor shall such
information be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Exchange Act, regardless of the
general incorporation language of such filing, except as shall be expressly set
forth by specific reference in such filing.is being furnished under Item 9 and
shall not be deemed to be "filed" for the purposes of Section 18 of the
Securities and Exchange Act of 1934 (the "Exchange Act"), or otherwise subject
to the liability of such section, nor shall such information be deemed
incorporated by reference in any filing under the Securities Act of 1933 or the
Exchange Act, regardless of the general incorporation language of such filing,
except as shall be expressly set forth by specific reference in such filing.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: January 24, 2007
PROASSURANCE CORPORATION
By: /s/ Frank B. O'Neil
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Frank B. O'Neil
Senior Vice-President