Among 17 of the leading writers of professional liability for architects and engineers, only one is not planning a rate increase for this year, according to Ames & Gough. Credit: somchaikhun/Adobe Stock
Professional liability insurance rates for architects and engineers are going to see a third-consecutive year of increases as carriers voice concern regarding economic and social inflation, high-risk projects and professional fields and the growing prominence of alternative project delivery methods, such as design and build, according to Ames & Gough.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
