Last Updated: May 18, 2006
Information on the Proposed Acquisition of Control of Physicians Insurance Company of Wisconsin, Inc., by ProAssurance Corporation
On December 21, 2005, ProAssurance Corporation filed a plan to acquire all the outstanding shares of common stock in Physicians Insurance Company of Wisconsin, Inc. (PIC Wisconsin). The definitive agreement calls for each share of PIC Wisconsin stock to be converted into shares of ProAssurance stock having a value of $5,000. The exchange ratio is based on the average closing price of a share of ProAssurance stock on the ten trading days preceding the effective date of the merger.
The plan of acquisition filed by ProAssurance Corporation, along with all pertinent correspondence and statutorily required information, will be placed in this section of OCI's Web site.
As required by law, OCI will hold a public hearing concerning this application for acquisition of control. The time of the hearing has not yet been scheduled. Review of the application is continuing.
Notations on Accessing Information
Forms and other documents filed by ProAssurance Corporation with the U.S. Securities and Exchange Commission (hereinafter also, SEC) may be accessed on that federal agency's Web site at http://www.sec.gov.
Financial information concerning individual insurance companies, including key annual statement pages, may be accessed on the Consumers Information Source section of the National Association of Insurance Commissioners' Web site at
Application Material Filed on December 21, 2005
Request for Admission as a Party by Physicians Insurance Company of Wisconsin, Inc.
Amendment to Form A
Request for Admission as a Party by Dr. David H. Moss
Amendment to Form A
Letter from OCI dated February 28, 2006
Response dated March 7, 2006
Cover letter to Tim Vande Hey, OCI, from Jon C. Nordenberg, Boardman Suhr Curry & Field LLP, dated March 7, 2006
Response letter to Tim Vande Hey, OCI, from Victor T. Adamo, President, ProAssurance Corporation, dated March 6, 2006
Response dated March 16, 2006
Letter from OCI dated March 29, 2006
Response dated April 3, 2006
OCI Pre-Hearing Notice
Application Update dated April 11, 2006
Opposition to the Request for Admission
Withdrawal of Request for Admission as a Party by Dr. David H. Moss
Support for Admission as a Party by Physicians Insurance Company of Wisconsin, Inc.
Correspondence received from Physicians Insurance Company of Wisconsin, Inc.
ProAssurance Corporation's support of Physicians Insurance Company of Wisconsin, Inc.'s request for admission
OCI Notice of Hearing
Acknowledgement of Receipt by received from Physicians Insurance Company of Wisconsin, Inc.
Consent of Jurisdiction