Exhibit 99.1

             ProAssurance Announces Debenture Redemption


    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 15, 2007--ProAssurance
Corporation (NYSE: PRA) announced today that it will redeem the
outstanding debentures of its subsidiary, NCRIC Corporation (formerly
NCRIC Group, Inc.), on December 4, 2007.

    "We are continuing to utilize our excess capital and we will fund
the redemption with approximately $16 million of our outstanding
authorization to repurchase shares or debt securities," said Chief
Executive Officer, W. Stancil Starnes.

    The redemption is being conducted pursuant to Article X,
Redemption of Securities, of the Trust Indenture dated December 4,
2002. Holders of the securities involved will be notified by the
Trustee.

    About ProAssurance

    ProAssurance Corporation is the nation's fourth largest writer of
medical professional liability insurance through our principal
subsidiaries The Medical Assurance Company, Inc., ProNational
Insurance Company, NCRIC, Inc., Physicians Insurance Company of
Wisconsin, Inc., and Red Mountain Casualty Insurance Company, Inc.
ProAssurance is one of the 100 largest property-casualty insurance
groups in the nation, based on Net Written Premium. ProAssurance was
recently recognized as a member of the Ward's 50 for 2007, indicative
of long-term superior financial performance and outstanding insurance
security.

    CONTACT: ProAssurance Corporation
             Frank B. O'Neil, 800-282-6242 or 205-877-4461
             Sr. Vice President, Corporate Communications
             & Investor Relations
             foneil@ProAssurance.com