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2017 Annual Review: Financial Results Explained

by LAWPRO

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

2017 Annual Review: Coverage

by LAWPRO

cover of May 2018 issue

Lowered premium proves successful; maintained for another year For the 2017 professional indemnity insurance renewal, LAWPRO introduced a $2,950 base premium, a $400 reduction from the year prior. Despite the lower premium, the company was able to meet its claims obligations on a roughly “break-even” basis – an approach made possible by the achievement of… Read More »

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

2017 Annual Review: Service

by LAWPRO

Easy-to-navigate online processes backed by knowledgeable Program Coordinators LAWPRO’s Underwriting & Customer Service (UCS) Department handles applications and renewals for the primary professional indemnity insurance program, which provided coverage to over 26,700 insureds in 2017. Over the past few years, LAWPRO has been fine-tuning the My LAWPRO online portal to make it easy and convenient… Read More »

Categories: Uncategorized

Repairs: Putting Things Right For Our Insureds in 2017

by LAWPRO

The ideal way to handle errors is to repair them before they can cause any harm. Claim repairs have the potential not only to limit costs to the insurance program, but also to restore clients’ faith in the legal profession and to protect lawyers’ reputations. LAWPRO counsel repair claims in all areas of law, using… Read More »

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

In Defence of Our Insureds in 2017

by LAWPRO

knight

LAWPRO defends actions against lawyers and licensed paralegals practising in every area of the law. In our February issue, we highlighted 2017 civil litigation claims. Family law A plaintiff hired a lawyer to handle certain financial matters, including the drafting of a prenuptial agreement, in preparation for her upcoming marriage. It eventually came to light… Read More »

Categories: 2018 May Year in Review 2017, Areas of Law, Articles, Casebook, Civil Litigation, Content Type, Corporate Law, Family, LAWPRO Magazine, LAWPRO Magazine Article Type, Real Estate, Tax, Year in Review

practicePRO Program: 2017 Year at a Glance

by LAWPRO

practicepro logo

January What do homeowners really know about title insurance? We stopped commuters in downtown Toronto to ask. The results were amusing and illuminating, and the video is available on LAWPRO’s YouTube channel as part of our public awareness campaign to educate the public on the role of lawyers. February We released two issues of LAWPRO… Read More »

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

Everything old is new again: Will the return of a broader rent control regime haunt the Ontario real estate bar?

by LAWPRO

condo tower

For decades the existence of rent control has posed a risk to Ontario real estate lawyers acting on the purchase and mortgaging of residential rental property. The range of affected properties is immense: From a basement apartment to a rented single family house to the largest multi-residential complexes in the province, many real estate files… Read More »

Categories: 2018 May Year in Review 2017, Areas of Law, Articles, Content Type, Failure to Know The Law, Inadequate Investigation, Malpractice Errors, Real Estate

2017 Annual Review: TitlePLUS Program

by LAWPRO

Pre-underwritten title insurance for new builds New Home Program and New Condo Select were developed with you in mind. With the TitlePLUS department underwriting specific new home and residential condo developments in Ontario, it’s quick and easy for you to obtain title insurance policies for your purchaser and lender clients – while saving on disbursement… Read More »

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

2017 Annual Review: Corporate Social Responsibility Comes Into Its Own

by LAWPRO

cover of May 2018 issue

LAWPRO’s corporate social responsibility (CSR) experience has grown with our business. Our wellness, outreach, and charitable programs are evolving organically, driven by employee interest and engagement. Simply put, our CSR program is a natural and self-sustaining part of our corporate culture and identity. The following article highlights our activities in 2017. Fostering the legal profession… Read More »

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

2017 Annual Review: Claims Report

by LAWPRO

The slow erosion of old truths Loyal readers of this magazine know that at this time of year we highlight the areas of law and the malpractice errors responsible for the largest share of claims. The highlight reel for 2017 does not forsake familiar leaders: litigation claims continue to lead the pack, and poor communication… Read More »

Categories: Uncategorized

Land Acknowledgement

The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.

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