LAWPRO Magazine Article Type
Did you know that some title insurers include exceptions to fraud coverage for private lender transactions where the mortgage funds are not paid to acceptable parties?
In light of the commonly held view that real estate is a safe investment, many individuals use mortgage investments to supplement income or as a means of saving for retirement. Unfortunately, a reality of the current real estate landscape is that private lenders are often the target of identity frauds. A title insurance policy generally… Read More »
Categories: 2020 January - Finding Your Way, Articles, Practice Tips, Real Estate, Title insurancePaying attention to the fraud behind the curtain
We have previously written about the dangers associated with email spoofing and phishing schemes, where fraudsters will send fabricated emails purporting to be from a trusted colleague or third party in an effort to trick a lawyer or staff member into clicking on a dangerous link or downloading a dangerous attachment. These fraudulent schemes continue… Read More »
Categories: 2020 January - Finding Your Way, Articles, Cyber dangers, Tech TipsBook review: A Lawyer’s Guide to Healing
“If I had to pick the most common malady affecting lawyers, it would be alcoholism.” This is according to Don Carroll, former director of the North Carolina Lawyer’s Assistance Program and author of A Lawyer’s Guide to Healing: Solutions for Addiction and Depression. In the book, he examines how addiction and depression manifest in the… Read More »
Categories: 2020 January - Finding Your Way, Articles, Book Review, Content Type, WellnessEditorial: A careful balance
By Dan Pinnington, President & CEO of LAWPRO. My first year as CEO has flown by. It seems like just yesterday that I was writing remarks as the incoming President & CEO for the 2017 Year in Review issue of LAWPRO Magazine. I believe it was a successful year of transition, for both me and… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Editorials2018 Financial results explained
Net premiums: $107.5 million We kept our base premium unchanged this year, and that consistency is reflected in 2018’s net earned premiums of $107.5 million being only slightly below last year’s result. Since the number of practising lawyer full-time-equivalents (FTEs) is a solid 27,323, which is slightly higher than expected, the small reduction in net… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Year in ReviewE&O program review: Risk in the balance
When it comes to long-term trends in the quantity and causes of malpractice claims, slow and steady are positive descriptors. While many things in the legal profession could stand to move at a faster pace, predictable changes to potential risks allow LAWPRO to adequately plan for future costs and outlays by balancing them against premiums,… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Errors & Omissions, Year in ReviewEnsuring good services with good service
LAWPRO’s Underwriting & Customer Service department supports the primary program at LAWPRO, just like a sales department and customer help-line in a typical insurance company. A new record is established soon after a lawyer is called to the Ontario bar, and existing records are adjusted as lawyers move their practice, or move out of private… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Year in ReviewRepairs: The best defence is ensuring a defence isn’t needed
Most potential claims don’t result in litigation or settlement. The timely reporting of practice errors allows our counsel to step in and help lawyers take steps to rectify errors and prevent losses. LAWPRO counsel have substantial knowledge and experience in areas commonly associated with repairable practice errors, such as potentially missed limitation periods, administrative dismissals,… Read More »
Categories: 2019 May - 2018 Year in review, Articles, Casebook, Year in ReviewDefences: Standing up and stepping in for licensees
Sometimes a client’s accusations can’t be resolved without litigation. When a licensee has a viable defence to malpractice accusations, and the claim cannot be resolved out of court, LAWPRO steps in to provide lawyers with an effective legal defence. LAWPRO’s claims management philosophy is aimed at quick resolutions in situations where there is liability, defend… Read More »
Categories: 2019 May - 2018 Year in review, Articles, CasebookThere’s more to the TitlePLUS program than meets the eye
With better clarity and ease of use being the focus of the program, 2018 saw a year of improvements to better meet the needs of our subscribers and their clients. We streamlined underwriting requirements for mortgage transactions so you can offer better options to your clients, and increased automated underwriting limits for commercial properties saving… Read More »
Categories: 2019 May - 2018 Year in review, Articles, TitlePLUS, Year in Review