NEW YORK, NY / ACCESSWIRE / February 10, 2020 / Levi & Korsinsky notifies investors that it has commenced an investigation of ProAssurance Corporation ("ProAssurance" or "the Company") (NYSE: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.
To obtain additional information, go to:
https://www.zlk.com/pslra-1/proassurance-corporation-loss-form
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky LLP