Ames & Gough News

Lawyers Professional Liability Insurance Claims Grow in Severity, Complexity, Cost

The number of legal malpractice claims resulting in larger multimillion dollar payouts – as well as the dollar amounts involved – has surged in the past year, with at least two settlements exceeding $250 million. That’s according to the latest …

Ames & Gough Appoints Parent as Equity Partner

Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations and nonprofits, and other professional service organizations, has appointed Marguerite Parent as an equity partner of the firm. This appointment brings the …

Top Practice Areas for Lawyers’ Malpractice Claims

New malpractice claims against lawyers are being driven by inadequate safeguards against conflicts of interest, along with participation in certain expanding and complex practice areas, according to a new study by insurance broker Ames & Gough. In its annual survey …

Insurers Broadening Architects, Engineers Liability Coverage: Survey

While the market for architects and engineers professional liability insurance remains intensely competitive, many insurers providing this coverage are weighing new policy enhancements that offer expanded protection. A new survey by insurance broker Ames & Gough finds some insurers are …

Insurers Say Legal Malpractice Claims Hold Steady But Defense Costs Rise

Most leading legal malpractice insurers saw their claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds that while the number of new malpractice claims brought against …

Ames & Gough Appoints Marshall to Lead Newly Established New York Operations

Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service organizations, has appointed Wayne T. Marshall as vice president and client executive. In addition, Marshall will lead the …

Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey

Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s according to a new survey by insurance broker Ames & …

Ames & Gough Appoints Lynch as Senior Broker in Virginia Office

Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations and nonprofits and other professional service organizations, has appointed Brian C. Lynch as a senior broker. He is based in the firm’s …

Ames & Gough Hires Sinks as Broker in Virginia

Ames & Gough, a specialty insurance brokerage based in McLean, Virginia, has hired Cady M. Sinks as a broker.

Insurance Rates for Architects, Engineers Not Going Anywhere

After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A new survey by insurance broker Ames & Gough also found that insurers plan to keep rates stable this year in …