Specialty Insurance Brokerage & Risk
Management Consulting
News
Monday, March 10, 2014
Architects & Engineers 2014 Professional Liability Insurance Market Survey
Ames & Gough Insurer Survey: Architects & Engineers Professional Liability Insurance Market Remains Competitive Despite Insurers' Push For Rate Hikes
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 growth in 2013 mainly from new business, an improving economy and moderately higher rates. A new survey by Ames & Gough finds a majority of these insurers expect to seek further modest increases this year to compensate for what many of them consider inadequate pricing. Click here to read the new release issued March 10, 2014 annoucing key findings of the survey.
Tuesday, January 28, 2014
News Release: Ames & Gough Appoints Tom Marchetti as Equity Partner
Ames & Gough is pleased to announce that Tom Marchetti, Vice President, has been appointed as an Equity Partner. To read the full news release, please click here.
Wednesday, November 27, 2013
Ames & Gough Warns Design Firms of Hidden Risks in Contract Language
In a "Viewpoint" column for Engineering News-Record, Rob Hughes, senior vice president and partner, Ames & Gough, observes that a growing number of owners, other clients and their attorneys are inserting subtle language in contracts that avoids hot-button words and phrases but still sets higher standards of care and overly broad risk transfer. He provides examples of such wording, their implications, and ways for design and construction professionals to respond and reduce their risks. Click here to read the online version of Mr. Hughes' column, which first ran online at ENR on November 27, 2013.
Monday, November 18, 2013
Enhanced Contract Scrutiny Can Reduce Design Firm Risks
In a guest column for The Zweig Letter, Dan Knise, president and CEO, Ames & Gough explains that a careful review of insurance and contractual requirements placed on other parties can reduce risks for design firms and construction professionals and potentially shift risk-related costs to others. Click here to read the full text of the column by Dan Knise. [Note: Article originally published Nov. 18, 2013 in the The Zweig Letter (www.thezweigletter.com), the voice of reason for A/E/P and environmental consulting firms. For more information, log on to www.zweigwhite.com.]
Tuesday, October 22, 2013
Mike Herlihy testifies in support of Massachusetts Good Samaritan legislation, protecting design & construction professionals
On October 22, Mike Herlihy, executive vice president and partner, Ames & Gough testified before the Massachusetts Senate in support of Bill S795, an Act “protecting engineers, architects, environmental professionals, landscape architects, planners, land surveyors, licensed site professionals, and contractors who render voluntary services at the scene of a disaster or catastrophe.” Click here to read his written testimony.
Thursday, September 5, 2013
Eileen Garczynski offers insights for law firms on Enterprise Risk Management
In an article for the Virginia Bar Association's VBA Journal, Eileen Garczynski, senior vice president and partner, Ames & Gough and co-author David I. Greenberg, LPMD Executive Committee member and former general counsel, LeClairRyan describe how law firms can use enterprise risk management (ERM)to enhance their ability to manage the significant and complex exposures they face today. Click here to read the article which appears on page 9 of the Journal's Fall 2013 issue.
Wednesday, August 28, 2013
Dan Knise Sees Advantage for Region's Businesses in DC's Bid for 2024 Summer Olympics
In an interview with Washington Business Journal, Dan Knise, president and CEO, Ames & Gough, discussed what a bid by Washington, DC to host the 2024 Summer Olympics would mean to businesses in Washington, DC and throughout the region. He led the effort to bring the 2012 Summer Olympics to the nation's capital. Click here to read the online article, published in the Washington Business Journal, August 27, 2013.
Wednesday, July 17, 2013
News Release: Tom Marchetti Promoted to Vice President
Tom Marchetti of Ames & Gough has been promoted to Vice President. For the full News Release article, please click here.
Monday, July 1, 2013
Florida Statute Limits Individual Liability of Design Professionals
A new Florida statute, effective July 1, 2013, gives design professionals the ability to limit their individual liability on a contractual basis for work done for projects subject to Florida law. Certain conditions apply, however, and design firms operating in Florida should become familiar with the specific language of the limitation of liability provision that must be included in their contracts to restrict their potential exposure. Click here to read a current notice from Beazley Group that discusses the statute, including the language for the limitation of liability provision.
Monday, June 24, 2013
News Release: Allison Barefoot Joins Ames & Gough
Ames & Gough Appoints Allison Barefoot as Assistant Vice President and Senior Broker in the McLean, Virginia Office. Click here to read the full text of the news release issued on June 24, 2013.
Pages
Architects & Engineers 2014 Professional Liability Insurance Market Survey
Ames & Gough Insurer Survey: Architects & Engineers Professional Liability Insurance Market Remains Competitive Despite Insurers' Push For Rate Hikes
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 growth in 2013 mainly from new business, an improving economy and moderately higher rates. A new survey by Ames & Gough finds a majority of these insurers expect to seek further modest increases this year to compensate for what many of them consider inadequate pricing. Click here to read the new release issued March 10, 2014 annoucing key findings of the survey.
News Release: Ames & Gough Appoints Tom Marchetti as Equity Partner
Ames & Gough is pleased to announce that Tom Marchetti, Vice President, has been appointed as an Equity Partner. To read the full news release, please click here.
Ames & Gough Warns Design Firms of Hidden Risks in Contract Language
In a "Viewpoint" column for Engineering News-Record, Rob Hughes, senior vice president and partner, Ames & Gough, observes that a growing number of owners, other clients and their attorneys are inserting subtle language in contracts that avoids hot-button words and phrases but still sets higher standards of care and overly broad risk transfer. He provides examples of such wording, their implications, and ways for design and construction professionals to respond and reduce their risks. Click here to read the online version of Mr. Hughes' column, which first ran online at ENR on November 27, 2013.
Enhanced Contract Scrutiny Can Reduce Design Firm Risks
In a guest column for The Zweig Letter, Dan Knise, president and CEO, Ames & Gough explains that a careful review of insurance and contractual requirements placed on other parties can reduce risks for design firms and construction professionals and potentially shift risk-related costs to others. Click here to read the full text of the column by Dan Knise. [Note: Article originally published Nov. 18, 2013 in the The Zweig Letter (www.thezweigletter.com), the voice of reason for A/E/P and environmental consulting firms. For more information, log on to www.zweigwhite.com.]
Mike Herlihy testifies in support of Massachusetts Good Samaritan legislation, protecting design & construction professionals
On October 22, Mike Herlihy, executive vice president and partner, Ames & Gough testified before the Massachusetts Senate in support of Bill S795, an Act “protecting engineers, architects, environmental professionals, landscape architects, planners, land surveyors, licensed site professionals, and contractors who render voluntary services at the scene of a disaster or catastrophe.” Click here to read his written testimony.
Eileen Garczynski offers insights for law firms on Enterprise Risk Management
In an article for the Virginia Bar Association's VBA Journal, Eileen Garczynski, senior vice president and partner, Ames & Gough and co-author David I. Greenberg, LPMD Executive Committee member and former general counsel, LeClairRyan describe how law firms can use enterprise risk management (ERM)to enhance their ability to manage the significant and complex exposures they face today. Click here to read the article which appears on page 9 of the Journal's Fall 2013 issue.
Dan Knise Sees Advantage for Region's Businesses in DC's Bid for 2024 Summer Olympics
In an interview with Washington Business Journal, Dan Knise, president and CEO, Ames & Gough, discussed what a bid by Washington, DC to host the 2024 Summer Olympics would mean to businesses in Washington, DC and throughout the region. He led the effort to bring the 2012 Summer Olympics to the nation's capital. Click here to read the online article, published in the Washington Business Journal, August 27, 2013.
News Release: Tom Marchetti Promoted to Vice President
Tom Marchetti of Ames & Gough has been promoted to Vice President. For the full News Release article, please click here.
Florida Statute Limits Individual Liability of Design Professionals
A new Florida statute, effective July 1, 2013, gives design professionals the ability to limit their individual liability on a contractual basis for work done for projects subject to Florida law. Certain conditions apply, however, and design firms operating in Florida should become familiar with the specific language of the limitation of liability provision that must be included in their contracts to restrict their potential exposure. Click here to read a current notice from Beazley Group that discusses the statute, including the language for the limitation of liability provision.
News Release: Allison Barefoot Joins Ames & Gough
Ames & Gough Appoints Allison Barefoot as Assistant Vice President and Senior Broker in the McLean, Virginia Office. Click here to read the full text of the news release issued on June 24, 2013.