ProAssurance files proposed settlement in shareholder lawsuit; insurer to fund payment

PROASSURANCE CORP

Unopposed motion filed June 22, 2023 to settle Sheet Metal Workers Local 19 Pension Fund class action.
Defendants deny all wrongdoing; settlement to eliminate burden and expense of further litigation.
Payment fully funded by available insurance coverage; no impact on ProAssurance's operating results.
Proposed settlement subject to approval by U.S. District Court for Northern District of Alabama.

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