AEIC Receives "A-" Upgrade from A.M. Best

Naperville, Illinois July 11, 2005: Architects & Engineers Insurance Company (AEIC) is pleased to announce that A.M. Best has upgraded their rating to “A-“. AEIC is an insurance carrier owned entirely by its policyholders, created specifically to provide customized insurance solutions for architects and engineers. Serving the design community since 1988, AEIC continues to be a stabilizing presence in a marketplace characterized by volatile rate fluctuation.

According to Mitch Sellett, AEIC President, “ the A.M. Best “A-“ upgrade is an important signal to our brokerage partners and policyholders that underwriting discipline, loss control and competitive sustainable pricing, although not always fashionable, are still being rewarded.  An "Excellent" rating from Best affirms the message we have been sharing since our founding, that AEIC offers both the niche expertise of a member-owned professional liability program and the security of the commercial marketplace."

AEIC BIO
Founded in 1988, AEIC has been a stabilizing influence on the commercial marketplace. Chartered under the Federal Liability Risk Retention Act, AEIC offers coverage to design firms nationally. Today, AEIC remains the only architect & engineer "owned" insurance company, addressing the unique professional liability needs of the design community.   While AEIC writes coverage for design firms of all disciplines, AEIC has become a popular alternative for specialty firms difficult to place in traditional commercial markets due to their niche practice.   Firms with professional fees in excess of $1M find AEIC's rate structure most competitive.   The AEIC program is accessible to any independent agent.   AEIC also accepts submissions from wholesale agencies.   An agency contract is not required to place coverage through AEIC.   In most cases, AEIC is able to offer a premium quotation from a competitor's application form.

To contact AEIC direct call Jason Peterson, Vice President at 800 -437-2342, Ext. 102 or email Mr. Peterson at jpeterson@aelc.com. AEIC is located at 2056 Westings Avenue Suite 150, Naperville, Ill 60563.