March 1, 2023
According to a new survey from specialty broker Ames & Gough, insurers of professional liability for architects and engineers are planning additional rate increases to keep pace with rising claims costs, a backlog of litigation, worker shortages, and supply chain …
December 17, 2020
Everest Insurance has released a new architects and engineers professional liability policy to provide design professionals with professional, pollution and cyber liability coverage. Everest Elevation was developed to address the coverage needs of architectural, design, engineering and construction firms, and …
March 24, 2020
Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a report. The brokerage, based in McLean, Va., …
February 20, 2018
NAS Insurance Services has released a new miscellaneous E&O architects and engineers (A&E) insurance product that includes coverage for technology services and cyber liability coverage. NAS’ Architects and Engineers insurance provides three insurance products in one: A&E professional services liability …
September 1, 2017
Sergeant Bluff, Iowa, officials say the city’s water treatment plant doesn’t function as promised and so are suing the engineering firm that designed it. The Sioux City Journal reports that the city sued Veenstra & Kimm Inc. in Woodbury County …
August 31, 2017
XL Catlin has added two new enhancements to its professional liability insurance for architects, engineers and other design professionals in the US, including an expanded professional services definition and Principal Protector Coverage for qualifying firms. XL Catlin’s Design Professional team …
March 8, 2017
Allied World Assurance Co. Holdings AG announced it has launched three new professional liability products in Australia: Directors and Officers Liability Insurance, Architects and Engineers Professional Indemnity Insurance, and Miscellaneous Professional Indemnity Insurance. The Miscellaneous Professional Indemnity Insurance products is …
September 16, 2016
XL Catlin has enhanced its design professional insurance policy form to address architects’, engineers’ and other design businesses’ changing professional liability insurance needs. According to Doug Strong, chief underwriting officer of XL Catlin’s Design Professional insurance business in North America, …
July 12, 2016
Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First architects & engineers (A&E) professional liability insurance in the U.S. The new policy’s cyber coverage addresses media, technology and network security and privacy liability exposures, including the design professional’s own costs …
May 17, 2016
XL Catlin’s design professional insurance business has increased the limits of its smartADVANTAGE professional liability insurance policy and improved policy terms for architectural and engineering firms in the U.S. with annual fees of $2 million or less. The smartADVANTAGE policy …