SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549





                                    FORM 8-K

                                 CURRENT REPORT



                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934



         Date of Report (Date of earliest event reported): July 1, 2003

                            ProAssurance Corporation
             (Exact name of registrant as specified in its charter)

        Delaware                  001-16533                63-1261433
(State of Incorporation)    (Commission File No.)    (IRS Employer I.D. No.)


  100 Brookwood Place, Birmingham, Alabama                  35209
    (Address of Principal Executive Office )              (Zip code)

       Registrant's telephone number, including area code: (205) 877-4400






Item 7.       Financial Statements and Exhibits
-------       ---------------------------------

              (c) Exhibits filed with this report:

              Number         Exhibit
              99.1           Copy of Registrant's press release, dated
                             July 1, 2003, publicly announcing the pricing and
                             terms of its private offering of convertible
                             debentures.


Item 9.       Results of Operations and Financial Condition
------        ---------------------------------------------

              The registrant has furnished this report to disclose for
Regulation FD purposes its public announcement of the pricing and terms of its
private offering of convertible debentures. A copy of the press release, dated
July 1, 2003, is included as exhibit 99.1 to this Report.




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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



Date:  July 1, 2003


                              PROASSURANCE CORPORATION


                              By:  /s/ Howard H. Friedman
                              --------------------------------------------------
                                       Howard H. Friedman
                                       Chief Financial Officer


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