Ames & Gough Insurer Survey: Architects & Engineers See Professional Liability Rates Flatten Amid Intense Insurance Market Competition
Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. A new survey by Ames & Gough finds that market competition and favorable claim results are combining to hold premium rates down. In fact, most insurers reported they are looking to keep rates flat this year to retain or expand their business. Click here to read the news release issued March 13, 2017 announcing key findings of the survey.