Intel

Inside This Article Architecture firm Cooper Carry is being sued by the owner of a Hilton hotel project for delays that reportedly led to $26 million in additional costs. When facing litigation, architects may incur significant defense costs and rectification expenses, in addition to reputational damage. Lawsuits against design professionals can be covered by Architects & Engineers Professional Liability…

Watch below as Matt Baxter, Director, Professional Liability, Burns & Wilcox Brokerage, Atlanta, GA, explains why exploring E&S options for Professional Liability—even when admitted markets are available—can uncover creative solutions and key coverage enhancements for your clients. https://vimeo.com/1073992292/e09876084f?ts=0&share=copy For more insights, watch the full P&C Market Outlook Q2 2025 webinar recording.

The Professional Liability Insurance market remains stable, with some soft spots and abundant capacity. See below to learn how the rise in Cyber risks, growth in Architects & Engineers, and increasing claims in Healthcare are shaping 2025.  

KEY TAKEAWAYS: The January wildfires in southern California affected areas not typically prone to such risks, making the situation particularly alarming for insurers and residents alike. Despite challenges, the Excess & Surplus (E&S) market is expected to continue growing, although at a slower pace when compared to recent years. As we move into 2025, small businesses may see modest…

The Indianapolis Public Transportation Corporation recently filed a lawsuit against Dallas-based architectural firm AECOM over construction plans that it claims were \"inadequate, inaccurate and defective.\" According to Fox59 News, the lawsuit alleges the architect responsible for the Julia M. Carson Transit Center in downtown Indianapolis did not properly account for the project’s archaeological work, only setting aside five days for…

Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation…

The engineer allegedly responsible for a partial building collapse in the Bronx in December has had their license suspended for two years by the city of New York and faces a $10,000 fine, according to reports. No one was injured but dozens of families lost their homes after the collapse of the seven-story apartment building, part of which was under…

The owner of a 116-year-old building that partially collapsed earlier this year is taking legal action against the engineering company that allegedly failed to recognize that the building was unsafe, according to reports. The apartment building in Davenport, Iowa, partially collapsed on May 28, tragically killing three men and injuring several others, including one woman who needed a leg amputation…

In an increasingly litigious society, architects and engineers are among the professionals who face a consistent risk of being sued over alleged errors and other claims. To learn more about the importance of Architects & Engineers Insurance, Crain’s Content Studio spoke with Matt Baxter, Vice President, Broker, Professional Liability, Burns & Wilcox Brokerage. What are the greatest risks facing architects…

Health insurance company Humana recently filed a lawsuit against multiple firms involved in the construction of its 27-story corporate headquarters in Louisville, Kentucky, which was built between 1983 and 1985. According to WDRB News, the company first found \"latent defects\" with the building during a renovation project in 2019, and the removal of drywall and other construction components eventually revealed…

From large general contractors to small specialty contractors, the construction landscape is changing. During this webinar, we gathered to discuss how these changes in design-build and specialty areas can increase your clients\' exposures, along with tips on how to mitigate these risks. https://vimeo.com/811031674/e202360f8c

Residents of a New York City apartment building are claiming in a lawsuit that construction on a neighboring office building caused their property to sink almost an inch into the ground, leading to cracks and separation in multiple apartment units and forcing some residents to move out, Commercial Observer recently reported. Filed in New York County Supreme Court by the…