Birmingham, Ala.-based ProAssurance Corp. is included in the 2007 Ward’s 50, a prestigious list which recognizes top performing property-casualty insurance companies. ProAssurance is the only specialty medical malpractice carrier to be included in Ward’s 2007 list.
The Ward Group analyzed over 2,700 property-casualty insurance companies from 2002 to 2006 in order to identify the best performers for inclusion in the 2007 Ward’s 50. These elite companies pass a number of safety and consistency screens and must achieve superior financial performance as well.
Jeff Rieder, president of Ward Group, said the Ward’s 50 companies have transformed themselves in order to remain competitive and efficient in a changing environment: “The best companies identify what is important to the organization and customers and focus on meeting these needs,” he said.
Ward’s said the organizational focus of top companies comes from strategies such as identifying market niches, achieving scale to support the business, ensuring distribution efficiency, and meeting key customer service points.
Source: Business Wire