AM Best gives ProAssurance subsidiaries a rating boost

AM Best has upgraded the financial strength rating of three
ProAssurance subsidiaries to A+, bringing them in line with their
parent company.
The ratings agency upgraded Medmarc Casualty Insurance Company,
Noetic Specialty Insurance Company and Podiatry Insurance Company
of America (PICA).
It also increased their long-term issuer credit ratings from a
to aa-.
AM Best said: "The group's ongoing underwriting success
is credited to management's conservative reserving practices,
disciplined underwri