Printable PDF Version of in.focus

Claims Results

New Jersey’s litigation environment continues to be volatile. The constant erosion of legal protections for healthcare providers, ever-increasing demands of plaintiffs' attorneys, and the lottery mentality of some juries continue to drive the severity of losses higher.

Severity – the size of each loss – represents just one component in the process. How often we prevail in defending the claim, the frequency of success, is another.

Thanks to the outstanding efforts of our Claims Department, Princeton Insurance experienced a successful year defending its policyholders. For NJ institutional policyholders, 83 percent of all claims were closed without indemnity payment – up almost seven percent since 2001. For NJ individual policyholders, 80 percent of all claims were closed without indemnity payment, the same percentage as in 2003.




In addition, of the 98 New Jersey cases that were tried to a conclusion in 2004, 84 were found in favor of our policyholders, a success rate of 86 percent.

As any member of the healthcare community knows, however, it’s not just about numbers when it comes to your protection. It’s about the knowledge and experience of the people behind the numbers, and that’s where the members of our Claims Department come in. Our front line claims professionals – a number of whom have degrees in either healthcare or law – work in concert with New Jersey’s best defense counsel to protect our policyholders.

The goal of Princeton’s claims handling efforts is to exert intelligent control over the litigation process, something that can only happen with meaningful experience in this jurisdiction. In a marketplace where some companies have yet to bring a single New Jersey medical malpractice case to trial, Princeton’s near 30-year record of successfully defending New Jersey doctors and hospitals stands alone. From our inception, Princeton brought over 45,000 New Jersey medical malpractice claims to a conclusion, the vast majority of which were resolved in favor of our policyholders. Simply put, no other medical malpractice insurer can match Princeton’s claims knowledge and expertise in the Garden State.

  

Princeton Insurance
Claims Department at a glance

Strength and Experience
    Strength in numbers
    • 60 people on staff, including management, technical support, clerical support,
      and consultants
    • 36 people dedicated solely to the investigation, evaluation and disposition of claims
    Experience
    • Management/supervisory team possesses an average of
      28 years' experience in the industry
    • Claims Consultants' average number of years' experience exceeds 22 years



This website is not intended to be a solicitation of insurance in any state in which Princeton Insurance Company, or a member of its corporate family, is not licensed, nor is it intended to create, modify or change the terms of any insurance policy issued by Princeton Insurance Company or any affiliated insurance company in the MLMIC Group of insurance companies.