(Woodbridge, NJ)-November 21st , 2003- Conventus
Inter-Insurance Exchange, New Jersey's only physician owned and governed
medical professional liability insurance reciprocal, held its quarterly Board
of Governors meeting.
The Board has completed the process of organizing several key
committees which will advise the Exchange and has appointed a group of
physicians to serve on each committee. Committees include Underwriting, Risk
Management, Claims and Professional Affairs; each having specific
responsibilities focused on supporting the operations of Conventus.
"The success of any organization depends on the active
participation of those with a vested interest in that success", said Barry
Barron, President of NIP Management Company, LLC. "We are thrilled to be
working with the Conventus committee members, an exceptional team
of physicians who will help us continue to grow Conventus into
the premier medical professional liability insurance company in New Jersey."
The Underwriting Committee shall advise on issues pertaining to coverage
requirements of members, coverage issues and underwriting guidelines.
The Claims Committee reviews and analyzes claims and provides
advice on the appropriateness of the procedure and care received by the
patient. The committee brings a depth of understanding of the medical knowledge
and a valuable opportunity for attorneys representing our policyholders to
better prepare their defense.
The Professional Affairs Committee serves as the focal point
for development of efforts to communicate with existing and prospective members
on the benefits of the Exchange. The committee shall also advise the Board on
public and community relations issues faced by the Exchange and its members.
The Risk Management Committee advises management to develop an effective risk
management program designed to assist members in specific areas of their
medical practice. The committee shall monitor all claims trends in order to
identify focus areas and member activities requiring loss control evaluations.
About Conventus Inter-Insurance Exchange
Conventus Inter-Insurance Exchange is a not-for-profit,
non-assessable reciprocal insurance exchange providing medical malpractice
insurance in New Jersey. Conventus is a mutual-type insurance
company, owned and governed by its physician policyholders. Conventus
provides quality medical malpractice insurance coverage that is affordable over
the long term to individual physicians and surgeons who conduct more than 75
percent of their practice in the state of New Jersey.
