v2.4.0.8
Long-term Debt (Tables)
 6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Outstanding long-term debt
ProAssurance’s outstanding long-term debt consisted of the following:
 
(In thousands)
 
June 30,
2013
 
December 31,
2012
Revolving Credit Agreement, expires in 2016. Outstanding borrowings are not permitted to exceed $150 million. The interest rate on a borrowing is set at the time the borrowing is initiated or renewed. The outstanding borrowing at June 30, 2013 was fully secured, see Note 4, and carried an interest rate of 0.77%. The current borrowing can be repaid or renewed on September 25, 2013. If renewed, the interest rate will reset.
$
125,000

 
$
125,000