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American Phys. Goes to ProAssurance
Law Blogs | 2010/09/06 07:40
Yesterday, medical professional liability insurer American Physicians Service Group Inc. (AMPH) agreed to be acquired by ProAssurance Corporation (PRA). Per the agreement, the shareholders of American Physicians will receive $32.50 per share in cash from the acquirer and the transaction is expected to close in the fourth quarter of 2010. Excluding one-time transaction and restructuring costs, ProAssurance expects the transaction to be accretive to its 2011 earnings.

American Physicians believes that ProAssurance will offer superior quality insurance protection for the policyholders as well as integrate its employees. The company also believes that its shareholders, who remained insulated even during the economic turmoil, will also stand to benefit from the merger. The share price of American Physicians leapt approximately 23.4% on Tuesday to close at $32.43 following the announcement of the acquisition.

American Physicians ended the second quarter with solid results aided by a decline in total expenses, strong policyholder retention and a decrease in pending claims.


Lawyer’s blog digs up dirt on forthcoming Valley restaurants
Law Blogs | 2010/09/04 07:41

On the surface, Heidi Short’s job isn’t very exciting. She’s a land-use and zoning attorney with Phoenix-based law firm Fennemore Craig PC.

But it’s what Short does with the information she gleans from local zoning and permit applications that has piqued people’s interest, and it’s emblematic of the changing face of media and information.

Short pens the Arizona Dirt Lawyer blog on the Valley’s restaurant scene. She uses city agendas to figure out restaurant and bar openings and expansions before they become public knowledge. She launched the blog in May and spends about five to 10 hours a week posting information.

Recent blog posts mention new restaurants opening in Biltmore Fashion Park and downtown Scottsdale, as well as the reopening of Richardson’s restaurant in Phoenix, which had been damaged by fire.

Short’s blog is one of the growing number of examples of how the information landscape is changing and traditional media no longer have a monopoly on news. There are hosts of blogs in large markets such as Phoenix, offering niche and specialized information on local sports teams, politics, restaurants, technology and public relations.



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