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Year in Review

Solid performance despite ongoing challenges

COVID-19 and its wide-spread impact continued to force LAWPRO to adapt the Primary Program in 2021. Changes were made to improve the customer experience, strengthen LAWPRO’s capital position, and streamline processes for greater operational efficiency. In 2021, Ontario began a slow recovery which translated into more work for many lawyers. M&A activity was up, the… Read More »

Categories: April 2022 - Annual Report 2021, Articles, Year in Review

LAWPRO successfully repairs in 2021

When LAWPRO is quickly alerted to potential claims, we are often able to rectify the problem and prevent loss and further lawsuits from arising. Our counsel know how to best address issues such as alleged failure to immediately disclose settlement agreements, disputes over jurisdiction to extend limitation periods, setting aside dismissal orders, and rectification of… Read More »

Categories: April 2022 - Annual Report 2021, Articles, Year in Review

Defending lawyers in court in 2021

Despite any attempts to resolve claims without litigation, sometimes court is inevitable. Every year, LAWPRO steps in to defend licensees from unwarranted lawsuits and accusations. Here are a few examples of defences successfully advanced by LAWPRO in 2021 on behalf of insureds. Construction liens and insolvency proceedings – Limitation period defences There are various reasons… Read More »

Categories: April 2022 - Annual Report 2021, Articles, Year in Review

2018 Financial results explained

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 Review

E&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 Review

Ensuring good services with good service

glass balancing on beam

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 Review

Repairs: The best defence is ensuring a defence isn’t needed

drawing of work desk

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 Review

There’s more to the TitlePLUS program than meets the eye

woman on laptop

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

Bringing our corporate responsibility to life

hand holding flower

Over the years, our corporate social responsibility (CSR) program has intrinsically become a part of LAWPRO’s culture and identity. Here are highlights of our contributions to the profession, charity and employee wellness in 2018. Fostering the legal profession LAWPRO continued its efforts to reach students and new lawyers by participating at the Toronto Lawyers Association… Read More »

Categories: 2019 May - 2018 Year in review, Articles, Content Type, LAWPRO Magazine Article Type, Year in Review

2017 Annual Review: Financial Results Explained

blackboard with graphs

A. Net premiums: $108.5 million LAWPRO net earned premiums in 2017 w ere $108.5 million. As expected, premiums from the mandatory insurance program were considerably lower than in 2016 ($115.8 million) following a reduction in the annual base premium from $3,350 to $2,950. Nevertheless, they were still higher than the amount budgeted for the year… Read More »

Categories: 2018 May Year in Review 2017, Articles, Content Type, LAWPRO Magazine, LAWPRO Magazine Article Type, Year in Review
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