Source: https://www.iamagazine.com/, November 6, 2023
By: Diane Mika and Wayne Brockington

There has been a steady increase in both the frequency and severity of architects & engineers (A&E) professional liability claims over the past few years as economic and social inflation continue to expand.

This volatility has led many insurance providers to reduce their appetites for A&E coverage to avoid potential exposures that could arise in the future. And those who remain are raising rates at a time when A&E firms are seeking higher limits, which will likely make it more costly to get coverage. Read more.