About two out of three of the 14 leading providers of liability insurance to design professionals say they paid a claim of $1 million or more in 2013, and about one out of five report that their largest claim was between $10 million and $19 million.
That was one of many facts and trends reported in the annual survey of most large professional liability insurers by Ames & Gough, the Washington, D.C.-based broker. The survey shows that 2013 was a second consecutive year of modest premium price gains by the insurers.