Professional liability insurance rates for architects and engineers expected to be stable in 2017

Insurance premiums for architects and engineers professional liability stabilized in 2015 after three straight years of moderate increases.

Insurers also plan to hold the line on rates this year, according to new survey by insurance broker Ames & Gough. The survey of 14 insurance companies that write more than 75% of the architects and engineers liability (A&E) policies in the U.S. found that rates had been kept fairly stable in 2016 partially due to healthy competition.