8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934


       Date of Report (Date of earliest event reported): October 24, 2005

                            ProAssurance Corporation
             (Exact name of registrant as specified in its charter)

        Delaware                    001-16533                   63-1261433
(State of Incorporation)      (Commission File No.)      (IRS Employer I.D. No.)


 100 Brookwood Place, Birmingham, Alabama                         35209
  (Address of Principal Executive Office)                       (Zip code)

       Registrant's telephone number, including area code: (205) 877-4400


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)
|_|  Soliciting material pursuant to Rule 14a-12 under the Securities Act (17
     CFR 240.14a-12)
|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17CFR 240.14d-2(b))
|_|  Pre-commencement communications pursuant to Rule 13e-(c) under the Exchange
     Act (17CFR 240.13e-(c))




Item 7.01 Regulation FD Disclosure
          ------------------------

          The registrant has furnished this report to disclose for Regulation FD
     purposes its public release of:

          1. Comments on the affirmation of the Company's Financial Strength
     Rating by A.M. Best, Standard & Poor's and Fitch Ratings. A copy of the
     press release, dated October 24, 2005, is included as exhibit 99.1 to this
     report.


The information in this Form 8-K, including the accompanying exhibit, is being
furnished under Item 9 and shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act"), or
otherwise subject to the liability of such section, nor shall such information
be deemed incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act, regardless of the general incorporation language of
such filing, except as shall be expressly set forth by specific reference in
such filing.


Item 9.01 Financial Statements and Exhibits
          ---------------------------------

          (c)  Exhibits filed with this report:

          Number     Exhibit
          99.1       Copy of Registrant's press release, dated October 24, 2005,
                     publicly commenting on the affirmation of the financial
                     ratings by A.M. Best, Standard & Poor's and Fitch Ratings.



SIGNATURE
- ---------

     Pursuant to the requirements of the Securities Exchange act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date: October 25, 2005

                                                     PROASSURANCE CORPORATION


                                                     By: /s/ Edward L. Rand, Jr.
                                                         -----------------------
                                                         Edward L. Rand, Jr.
                                                         Chief Financial Officer

EX-99.1

                                                                    Exhibit 99.1

ProAssurance's Financial Strength and Stability Affirmed by Major Rating \
Agencies

     BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 24, 2005--ProAssurance Corporation
(NYSE:PRA) said today that A. M. Best has affirmed the "A-" (Excellent)
Financial Strength Rating of the ProAssurance Group, and has assigned a "Stable"
Outlook to that rating. Best joins Fitch and Standard & Poor's in affirming
ProAssurance's ratings subsequent to the recent transaction in which NCRIC
Group, Inc. was merged into ProAssurance. Both Fitch and Standard & Poor's also
assign "A-" ratings to ProAssurance.
     "ProAssurance is recognized for our long-term financial stability, and our
dedication to the financial strength required to keep our promises to our
insureds. We're pleased to see that our financial integrity has again been
recognized by the major rating agencies that follow the insurance industry,"
said Chairman A. Derrill Crowe, M.D.

     About ProAssurance

     ProAssurance Corporation is a specialty insurer with more than $3.4 billion
in assets and almost $790 million in gross written premiums. We are the nation's
fourth largest writer of medical professional liability insurance and our
principal professional liability subsidiaries are The Medical Assurance Company,
Inc., ProNational Insurance Company, NCRIC, Inc., and Red Mountain Casualty
Insurance Company. We also write professional liability coverage through
Woodbrook Casualty Insurance Company. We are the tenth largest writer of
personal auto coverage in Michigan through our subsidiary, MEEMIC Insurance
Company.
     A.M. Best assigns a rating of "A-" (Excellent) to the ProAssurance Group,
MEEMIC and our principal professional liability subsidiaries, except NCRIC, Inc.
which is rated B++ (Very Good). Standard & Poor's assigns our principal
professional liability carriers a rating of "A-" ("Strong") but has not yet
issued a rating for NCRIC, Inc. Fitch assigns a rating of "A-" to ProAssurance
and our subsidiaries.

     Rating Details

     A. M. Best, Fitch and Standard & Poor's each maintain websites with
up-to-date information on their ratings and the methods through which those
ratings are derived.

     A. M. Best: www.ambest.com
     Fitch: www.fitchrating.com
     Standard & Poor's: www.sandp.com


     CONTACT: ProAssurance Corporation, Birmingham
              Frank B. O'Neil, 800-282-6242 or 205-877-4461
              foneil@ProAssurance.com