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RE: E/O Insurance
- To: <seaint(--nospam--at)seaint.org>
- Subject: RE: E/O Insurance
- From: "John C. Jones" <john(--nospam--at)struct-engr.com>
- Date: Tue, 25 Nov 2003 16:47:55 -0600
At a recent conference on liability a local
insurance agent that specializes in prof liability gave the dollars in versus
dollars out to the insurance companies for various types of work.
Insurance companies spend 3x as much as their income for structural design of
private residences. We quit doing those types of jobs in all but a few
special cases because of that number.
John C. Jones, PE
Pell City, AL
Here are my 5 cents worth: I dropped my E/O insurance a couple of years
ago after the premiums almost doubled each year for last four years! I
Never had a claim or gave notice that I might get sued. The "reason"
for thee rate increase was, that the underwriters (Lloyds of
London) declared California structural engineers as a high
I have been an expert witness several times and was very
disappointed to see and hear "reputable" structural engineers stating their
"professional opinions" (i.e. lies) in depositions, taking a 180 degree
turn to their true knowledge and believes.
At one time in court, the judge stated that, since the drawings and
calculations have been approved by the Bulding Department and since they
know what they are doing, the drawings and calculations submitted and
approved by the Bulding Department had to be correct!!
Antonio S. Luisoni