Legal malpractice claims frequency leveled off in 2020, after two years of record payouts and total costs that approached $1 billion, according to a survey by Ames & Gough. The national brokerage, based in McLean, Virginia, said nine out of …
Rising claim severity is leading to rate increases for professional liability insurance sold to architecture and engineering firms, according to a report released Tuesday by Ames & Gough. The brokerage, headquartered in McLean, Va., said that 73% of professional liability …
Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019, but also led to the first upswing in claims activity in several years, Ames & Gough said in a report this week. The brokerage, based in …
As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by insurance broker Ames …
Although the frequency of law firm malpractice claims has begun to level off following a post-recession surge, their severity has continued to increase. A new study by insurance broker Ames & Gough finds most leading legal malpractice insurers had a …