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): May 12, 2004

                            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 May 12, 2004, as
               described in Item 9 of this filing.



Item 9. Regulation FD Disclosure

        The registrant has furnished this report to disclose for Regulation FD
purposes its public release of:

        1. The announcement of a placement of Trust Preferred Securities. A copy
of the press release, dated May 12, 2004 is included as exhibit 99.1 to this
report.



The information in this Form 8-K, including the accompanying exhibit, is being
furnished under Item 12 and shall not be deemed to be "filed" for the purposes
of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act"),
or otherwise subject to the liability of such section, nor shall such
information be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, regardless of the general
incorporation language of such filing, except as shall be expressly set forth by
specific reference in such filing.








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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:  May 12, 2004


                                   PROASSURANCE CORPORATION


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