PriMed Consulting - Medical Malpractice Brokers NY, NJ

NJ Physicians: MedPro-Princeton Merger Yields Superior Financial Strength Rating

29, Aug Aug, 2012

In January 2012, Princeton Insurance and Medical Protective (MedPro) merged operations in New Jersey to offer physicians a medical malpractice coverage option with a carrier of superior financial strength. In May 2012, the independent rating agency, A. M. Best, assigned Princeton Insurance a financial strength rating of A+ (Superior) with a positive outlook.

In their announcement, A.M. Best stated: The ratings take into consideration Princeton’s stand-alone attributes and the enhancement provided by its affiliation with The Medical Protective Company, their ultimate parent, Berkshire Hathaway Inc. and the future benefits to be derived from these relationships…The ratings also consider Princeton’s supportive capitalization, leading market presence in New Jersey and its much improved operating performance over the most recent five-year period. The positive outlook, is based on A.M. Best’s expectation of improved performance as Princeton deepens its relationship, both operationally and financially, with the related companies.

MedPro is a national leader in primary medical professional liability coverage and risk solutions for healthcare providers, including physicians, dentists, chiropractors, optometrists, podiatrists, other healthcare professionals, hospitals, and other healthcare facilities. MedPro has been protecting the assets and reputations of healthcare providers since 1899. Their offerings include professional liability insurance on both claims-made and occurrence forms.

MedPro is a national leader in primary medical professional liability coverage and risk solutions for healthcare providers, including physicians, dentists, chiropractors, optometrists, podiatrists, other healthcare professionals, hospitals, and other healthcare facilities. MedPro has been protecting the assets and reputations of healthcare providers since 1899. Their offerings include professional liability insurance on both both claims-made and occurrence forms.

Princeton Insurance has a 35 plus year history of local presence and dedicated service to physicians in New Jersey, with local expertise and long-term relationships. MedPro has industry leading financial strength and the expertise that comes from a century of service and a national presence. With Princeton and MedPro working together, physicians can feel assured and expect innovation that will lead the industry in meeting the needs of all types of healthcare providers.

If you think Princeton Insurance may be a suitable fit for you and your practice, contact us for further information.

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