Princeton Insurance Company
In 1976, Princeton became the first hospital-owned and directed insurance company in the nation, embarking on what has now become decades of partnership with the New Jersey healthcare community, the longest continuous market presence of any company writing healthcare malpractice insurance in New Jersey. Measured either by numbers of policyholders or total premiums, Princeton Insurance is the leading healthcare professional liability insurer in New Jersey.
Through marketplace highs and lows, financial success and challenge and multiple changes within the state’s legal system, Princeton ability to partner with New Jersey healthcare providers for their financial protection and loss prevention has been tested, shaped and strengthened.
All of this experience comes to bear in the pursuit of the company’s mission: to protect the New Jersey healthcare community and partner with them in their efforts to provide outstanding patient care.
In 2012, Princeton Insurance became a Medical Protective/Berkshire Hathaway company, and as of May 2012 has been given a rating of A+ (Superior) from independent rating agency A.M. Best. Medical Protective has been protecting healthcare providers since 1899 and is the nation’s highest-rated healthcare malpractice carrier, according to both S&P and A.M. Best.
Princeton’s local knowledge and expertise, joined together with MedPro’s nationwide presence and Berkshire’s unmatched financial strength result in an even stronger partnership with policyholders to meet the challenges they face and provide the protection they deserve. This alliance will not only allow the company to maintain its position as the leader in healthcare malpractice insurance in New Jersey, but also to expand coverage to more healthcare providers and medical facilities throughout the state.
Leadership:16,000 New Jersey policyholders coupled with a nationwide presence in all 50 states.
Longevity: Serving New Jersey continuously since 1976 and the country since 1899 – the longest track record in the state; the oldest healthcare malpractice insurer in the nation.
Expertise: 56,000 New Jersey healthcare malpractice claims handled. No other insurer comes close
Strength: Industry-leading financial strength, with a rating of A+ (Superior) from independent rating agency A.M. Best.
Service: Calls handled personally, specialized legal representation, knowledgeable independent agents, 24-hour new business indication, in-office visits by skilled risk consultants and continuing education opportunities.
Knowledge:New Jersey-specific knowledge means local perspective. Over a century of experience means national expertise.
Innovation: Unmatched ability to innovate, create, develop and support new products.