Source: https://www.insurancejournal.com/, September 2, 2024
By: Kelly Potter

The professional liability market for architects and engineers is continuously adapting to new trends and challenges. These shifts bring both opportunities and obstacles for brokers and design professionals. While there remains a strong interest in this sector and many insurers continue to participate, underwriters are becoming increasingly selective. This has led to tighter coverage terms and, in some cases, higher premiums as insurers adjust to rising costs driven by social inflation. Read more.