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Architects & Engineers E&O Market Poised For Rate Hikes

While debate rages over the future direction of the overall property and casualty insurance market, one recent broker survey of a niche market—architects and engineers professional liability—indicates rates could see upward momentum this year.

By Mark E. Ruquet | Updated on February 25, 2011

Not one of the major insurers participating in the architects and engineers professional liability insurance market foresees lower rates for the coverage in 2011, according to a just-published broker’s survey.

Washington, D.C.-based insurance broker Ames & Gough, which conducted the survey, said that higher claims frequency driven by the economy and elevated defense costs in the age of electronic discovery are among the factors fueling the change.

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