Bloodworth Added to ProAssurance Board

ProAssurance Corporation of Birmingham, Ala. announced that Lucian F. Bloodworth has been elected to the company’s Board of Directors.

ProAssurance chairman A. Derrill Crowe said that Bloodworth’s unique perspective and wealth of insurance industry experience will be an asset to the company. “We are confident the addition of Mr. Bloodworth to the Board will be a great benefit to ProAssurance. His background and experience in insurance and finance will be a valuable resource for the Company,” Crowe said.

Bloodworth is the president of Cain Manufacturing Co. Inc., and the chairman of Jay Electric Co. Inc., and is on the Board of Directors of those two Birmingham, Ala.-based companies. Prior to assuming the presidency of Cain Manufacturing he served as executive VP of The National Bank of Commerce in Birmingham, and he remains on that bank’s Board of Directors.

Before joining National Bank of Commerce Mr. Bloodworth worked in the insurance field for almost two decades. He was the president of American Foundation Life, a senior VP and cctuary at Protective Life Corporation, vice president and actuary at H. W. Black & Associates, and assistant actuary at Liberty National Life Insurance Company.

ProAssurance Corporation is a specialty insurance company with more than $2.2 billion in assets and approximately $500 million in annualized gross written premiums. The company was formed by the combination of Medical Assurance Inc. and Professionals Group Inc. and is a leader in developing solutions that serve the liability needs of the evolving needs of the health care industry. In addition to medical professional liability insurance, the company also specializes in personal auto coverage.