professional liability rates News

Most professional liability insurers covering architects and engineers (A/E) achieved varied premium growth last year as the U.S. construction industry remained resilient during the COVID-19 pandemic. Yet, worsening claims experience is prompting these insurers to seek larger rate increases, according …

Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly all leading insurers offering this specialty coverage did see premium …