NJ PURE

NJ PURE As the only direct writer of medical malpractice insurance in NJ, NJ PURE eliminates the traditional use of agents and brokers to market its policies. Best Co.

Our Business Model:

NO AGENTS OR BROKERS
As the only direct writer of medical malpractice insurance in New Jersey, NJ PURE eliminates the traditional use of agents and brokers to market its policies. The average commission is 10% for each policy, year after year, costing insurance companies millions of dollars annually. By eliminating the middle man we’ve been able to keep our rates down and prov

ide a direct relationship between you and us. NO PROFIT MOTIVE
NJ PURE is a not-for-profit reciprocal exchange, which means any profits can only be used to build the surplus level or be returned to policyholders. LOWEST ATTORNEY-IN-FACT MANAGEMENT FEES
Of each dollar paid for premiums by NJ PURE physicians, 12.5% goes toward paying Reciprocal Attorney-in-Fact, (RAF). This fee is the lowest Attorney-in-Fact fee in New Jersey. NJ PURE consistently makes strides to ensure that our costs remain significantly lower than those of our competition, so more of our policyholders’ premiums are used to pay claims and expenses. STABLE RATES
Being a not-for-profit reciprocal exchange has translated into another benefit for our policyholders: the fewest rate increases of any insurer in the state since its inception in 2002. COMPREHENSIVE REINSURANCE
As of January 2014, NJ PURE is reinsured by Liberty Mutual Group, rated A (Excellent) by A.M. This partnership includes a 50% quota share agreement, meaning Liberty Mutual Group assumes 50% of NJ PURE's claim risks. NJ PURE believes in the need to protect the Exchange from catastrophic claims to ensure long-term viability.

Medical Malpractice Lawsuits: Why Keep Making It Easier? - By Eric S. Poe, Esq., CPAhttps://www.njpure.com/downloads/NJL...
11/09/2020

Medical Malpractice Lawsuits: Why Keep Making It Easier? - By Eric S. Poe, Esq., CPA

https://www.njpure.com/downloads/NJLJ11052020465395NJ_Pure.pdf

A Stronger Medical Immunity Vaccine - Protect Doctors Who Put Us First - By Eric S. Poe, Esq., CPAhttps://www.njpure.com...
11/09/2020

A Stronger Medical Immunity Vaccine - Protect Doctors Who Put Us First - By Eric S. Poe, Esq., CPA

https://www.njpure.com/downloads/TLI11052020465373NJ_Pure.pdf

08/18/2020

As Seen in the New Jersey Law Journal:
"Offer of Judgment: End the One-Way Street for Personal Injury Plaintiffs." By Eric S. Poe, Esq., CPA

Eric Poe, NJ PURE principal and chief claims litigation officer, discussed how medical professionals in New Jersey have ...
06/29/2020

Eric Poe, NJ PURE principal and chief claims litigation officer, discussed how medical professionals in New Jersey have been shielded from COVID-19 related malpractice liability, but concerns still exist.

Two months into New Jersey shielding front-line medical staff from malpractice liability during the pandemic, a leader at the state’s only direct writer of medical malpractice insurance still has some trepidation about what impact COVID-19 is going to have on malpractice claims. Eric S. Poe, among...

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214 Carnegie Center, Suite 101
Princeton, NJ
08540

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