Alabama-based ProAssurance Discloses Credit Exposures

ProAssurance Corp., based in Birmingham, Ala., announced its held exposures related to financial institutions recently in the headlines.

ProAssurance reported it holds $ 21.6 million in Lehman Brothers senior notes; $8.9 million in Federal National Mortgage Association preferred stock; $1 million Federal Home Loan Mortgage Corp. preferred stock; and $2.8 million in AIG and subsidiaries senior debt.

The information reflects direct holdings of these issues as of the close of business on Sept. 16, ProAssurance said.

Source: ProAssurance Corp.