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LAWPRO Magazine: 2016 May – Year in Review 2015

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More from the 2016 May – Year in Review 2015 Issue

Stable. Advice. Trustworthy. Security. Professional. Coverage.

The words that appear on our cover describe how LAWPRO served its insureds in 2015. An insurance company can call itself a success if it provides stability in an unpredictable environment. Insurance allows the economy to grow by providing a place where it is safe for insureds to navigate day-to-day challenges and unpredictable events. with… Read More »

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2015 financial results explained

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Net premiums: $120.7 million Net LawPRO revenues in 2015 were $120.7 million. Premiums from the mandatory insurance program were $5.8 million higher than in 2014, with the increase driven in part by the net increase in the number of insured lawyers purchasing insurance coverage in 2015. Net claims: $80.7 million Incurred claims and adjustment expenses… Read More »

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LAWPRO coverage subject to continual review

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Experiencing a little déja vu when renewing your professional indemnity insurance in recent years? You’re not mistaken – LawPRO’s base premium for the Law Society’s mandatory insurance program has not changed since 2011. But the stability of the premium belies a continual effort, on the part of LawPRO underwriters, to stay ahead of developments in… Read More »

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Service: Streamlined and responsive

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LAWPRO’s Customer Service and Underwriting department makes or receives over 40,000 customer phone calls each year. The subject matter of these calls is varied and challenging. Professional indemnity insurance is a complex product, and we offer a wide range of coverage options from which lawyers can choose. To improve our capacity for supporting lawyers in… Read More »

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TitlePLUS program update: We’re listening

The theme for 2015 has been listening to our subscribers, customers and stakeholders. In 2015, the TitlePLUS program responded to requests and client needs with a number of improvements to products and services. Higher policy amounts For those doing higher value deals, we worked to introduce higher policy amounts. The following options are now available:… Read More »

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An active corporate citizen

LAWPRO’s Corporate Social Responsibility program keeps us active in the community. Our dedication to being a responsible, involved and accountable corporate citizen of the many communities in which we are a part is focused on four principal areas: Fostering the legal community and access to justice LawPRO collaborated closely with the Ontario Justice Education Network… Read More »

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