Year in Review
Advocating for lawyers while controlling claims costs
LAWPRO has managed, in each year of the last decade, to close over 40 per cent of claims without payment of defence or indemnity costs. Traditionally, another 40 per cent or so of claims generate defence costs only. This means that an indemnity is paid, on average, in just one out of every six claims… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in ReviewLAWPRO evolves in step with the profession
2014 marked the fourth year that LAwPRO’s base premium held steady at $3,350, but the terms of the policy have evolved continually since it was first introduced. As lawyers change the way they practise law, LAwPRO has taken steps to ensure that coverage remains relevant and responsive. To facilitate geographical mobility, LAwPRO introduced co-ordinated coverage… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in ReviewTwo way communication for better customer service
In 2014, LAwPRO provided E&O coverage to Ontario’s nearly 25,000 lawyers in private practice, and to those paralegals who chose to practise in partnership with them. Lawyers’ professional indemnity insurance is complex and sophisticated coverage. To ensure that lawyers have the coverage they need and that is right for them, LAwPRO’s Underwriting and Customer Service… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in ReviewFive ways to boost your chances of a successful repair
What’s a repair? In some cases, LAWPRO counsel can help an insured lawyer head off a lawsuit by “repairing” an error (e.g., by assisting with a motion to reinstate a dismissed action to the trial list) or take steps that substantially reduce the losses that an error might lead to. While not all errors are… Read More »
Categories: 2015 May - Review of 2014, Articles, LAWPRO policy, Year in ReviewpracticePRO program grows in effectiveness and reach
In 2014, the practicePRO initiative continued to broaden the reach of its risk management message by providing claims information and risk management content for dozens of speakers who participated in 65 CPD programs and law association and law firm events, to a combined yeaudience of over 8,600 lawyers and paralegals. A particular focus was cybercrime… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in ReviewMaking intentions real – LAWPRO Corporate Social Responsibility commitment
The LAWPRO Corporate Social Responsibility Statement is informed by a spirit of community and accountability. Our 2014 efforts to bring it to life are outlined here. Fostering the legal community and access to justice LAwPRO sponsored the Ontario Association of Chiefs of Police (OACP) crime prevention campaign, which provided the opportunity to promote the role… Read More »
Categories: 2015 May - Review of 2014, Articles, Year in Review2013 financial results explained
Net premiums: $106.5 million Net LAWPRO revenues in 2013 were $106.5 million. Premiums from the mandatory insurance program were $2.1 million higher than in 2012, largely due to a greater-than expected growth in the number of lawyers joining the mandatory program. Net claims: $96.7 million Net claims and adjustment expenses for 2013 decreased by $9.4… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Year in ReviewPremium stability is the result of nimble adjustments
Coverage LAWPRO’s base premium has held steady at $3,350 since 2011; but like a sailboat that tacks carefully first in one direction then the other to manage the wind, stability is the result not of a lack of change, but of continual adjustments to manage change. For 2013, for example, the minimum premium period (for… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Year in ReviewRecoveries and repairs: 2013 review
LAWPRO staff actively pursue recovery costs throughout the year. In some cases, a party other than the insured is found liable for all or part of a loss that is the subject of a claim. We take all reasonable steps to obtain reimbursement from these parties, no matter the amount, because the recovery of these… Read More »
Categories: 2014 June - Year in Review 2013, Admin dismissals/Rule 48, Articles, Casebook, Civil Litigation, Family, Limitation Periods, Year in ReviewMaking corporate social responsibility part of every work day
While the formal expression of LAWPRO’s Corporate Social Responsibility (CSR) commitments is relatively new, many of the activities in which staff participate under the program have been part of LAWPRO working life for many years. Below are a few highlights from 2013. Fostering the legal community and access to justice Celebrated the awarding of the… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Year in Review