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 15, 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 15, 2003,
                    publicly announcing the exercise of an over-allotment option
                    in  connection   with  the   Registrant's   recent  sale  of
                    Convertible Senior Debentures.



Item 9.       Regulation FD Disclosure
------        ------------------------

              The Registrant has furnished this report to disclose for
              Regulation FD purposes its public announcement of the exercise of
              an over-allotment option in connection with the Registrant's
              recent sale of Convertible Senior Debentures.


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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 15, 2003


                                               PROASSURANCE CORPORATION


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











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