NEW YORK, NY / ACCESSWIRE / February 10, 2020 / Levi & Korsinsky notifies investors that it has commenced an investigation of ProAssurance Corporation ("ProAssurance" or "the Company") (PRA) concerning possible violations of federal securities laws.
After the market closed on January 22, 2020, ProAssurance disclosed a preliminary charge estimate of $37 million in year loss reserves mostly driven by a large national healthcare account experiencing losses far exceeding previous assumptions.
On this news, the ProAssurance's share price fell over 11%, to close at $33.40 per share on January 23, 2020.
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Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky LLP
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