PRA

Proassurance Corp

A specialty insurance company that sells medical malpractice coverage to physicians, hospitals, and other healthcare providers, plus liability insurance for medical technology and life-sciences firms. It was founded in 1976 by Alabama doctors during the medical liability crisis of that era, and its name came from a 2001 merger of Medical Assurance and Professionals Group — a portmanteau of "professional" and "assurance." Today it operates as part of The Doctors Company, the nation's largest physician-owned malpractice insurer.