As an insurance company, LAWPRO addresses that question every day. We have claims professionals, financial analysts and actuaries to help us and our insureds understand and prepare for what might happen – from the malpractice errors we see year after year (e.g. lawyer/client communications) to new technology dangers that put information and trust accounts at… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Editorials
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 Review
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 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 Review
The mission continues The TitlePLUS initiative started in 1997 after consultations with the real estate bar. There was more than title insurance on the agenda. The mission was to combine the best of title insurance with the skills and knowledge of the real estate bar. The goal: maintain the important role of the real estate… Read More »
Categories: 2014 June - Year in Review 2013, Articles, TitlePLUS
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
In past LAWPRO Magazine articles we have highlighted malpractice insurance issues in other countries around the world. In this issue we provide an overview of the recent experiences in England, Wales and Ireland, where a transition from mandatory programs to the open commercial market occurred. Background In the 1990s, the Solicitors Indemnity Fund (“SIF”), the… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Insurance Business
You may be one of the many lawyers that were in private practice at one point – but have now retired, opted to work for the government, as in-house counsel, or in another career entirely. Wouldn’t it be great if your exposure to claims ended as soon as you took down your private practice shingle?… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Errors & Omissions, LAWPRO policy
As reported widely in the media and mentioned in the December 2013 LAWPRO Magazine, Microsoft ceased supporting Windows XP SP3 (Service Pack 3) and Office 2003 (SP3) as of April 8, 2014. There will be no new security updates, non-security hotfixes, free or paid assisted support options or online technical content updates from Microsoft for… Read More »
Categories: 2014 June - Year in Review 2013, Articles, Cyber dangers, Legal Technology, Tech Tips
Do you search by municipal address when using Teraview software? LAWPRO defence counsel have reported seeing construction liens filed on the wrong property where lawyers solely relied on municipal addresses. Note that Teraview presents you with an onscreen caution that “Addresses are approximate.” It is the legal description that determines which property is being impacted…. Read More »
Categories: 2014 June - Year in Review 2013, Articles, Practice Tips, Real EstateLand 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.
