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Last update: Sept. 28, 2017

2017 Releases

  • 2018 Insurance Program (Sept. 28, 2017)
    Convocation of the Law Society of Upper Canada approves LAWPRO's 2018 insurance program for the Ontario Bar. Data analysis leads to refinements in risk-rating.


2016 Releases

  • 2017 Insurance Program (Sept. 22, 2016)
    Convocation of the Law Society of Upper Canada approves LAWPRO's 2017 insurance program for the Ontario Bar. Base premium decreased to $2,950 plus strategies to promote access to justice.

  • LAWPRO receives “A” rating from A.M. Best Co. (Aug. 16, 2016)
    A.M. Best Co. awarded Lawyers’ Professional Indemnity Company a financial strength rating of “A” and an issuer credit rating of “a” for the sixteenth consecutive time.

  • Kathleen A. Waters to receive OBA Award of Excellence in Real Estate (May 24, 2016)
    On June 22nd, the Ontario Bar Association will present LAWPRO President and CEO Kathleen A. Waters with the Award of Excellence in Real Estate.



2015 Releases



2014 Releases

  • LAWPRO base premium stable for fifth consecutive year (Sept. 24, 2014)
    Strong financial results and a moderating claims count have allowed LAWPRO to hold the base premium for the mandatory insurance program at $3,350 for the fifth consecutive year. 2015 marks 20 years of LAWPRO operating primary insurance program.

    For more details of the 2015 insurance program, see our Report to Convocation.

  • LAWPRO receives "A" rating from A.M. Best Co. (June 2, 2014)
    A.M. Best Co. has awarded Lawyers’ Professional Indemnity Company (LAWPRO) a financial strength rating of A (Excellent) and an issuer credit rating of "a" for the fourteenth consecutive time. In addition, A.M. Best Co. gave LAWPRO a "stable" outlook for the third year in a row.



Media Release archive


Media contacts:
Naomi Dummett
Director of Communications
Tel: 416-596-4652
Toll-free: 1-800-410-1013
E-mail:



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MEDIA RELEASE
For immediate release

TitlePLUS® expands to cover farm properties

Toronto, ON., June 22, 2001: Consumers buying or re-financing farms can now better protect their farm properties: TitlePLUS, the most comprehensive title insurance program in the real estate market today, is now available for purchases and re-financings of farm properties.

TitlePLUS coverage is available for farms valued up to $1 million, whether or not there is any form of commercial activity taking place on the property. Premiums will vary based on the purchase price or mortgage amount, and range from $120* for mortgage-only transactions under $500,000 to $250 for farm purchases between $130,001 and $500,000*. Premiums for properties with a higher value are calculated individually.

TitlePLUS offers more comprehensive protection than any other title insurance product because only TitlePLUS insures both the title and legal services in a transaction. Thus, TitlePLUS policyholders are covered for title-related issues, and for errors or omissions that may be made by the lawyer handling their transaction. As well, TitlePLUS automatically insures both the purchaser and the lender in every transaction, for the same, one-time only premium.

TitlePLUS can help reduce transaction costs because it can, in some cases, replace the need for an up-to-date survey required by the lending institution; TitlePLUS coverage can also reduce the number of searches and inquiries the lawyer handling the transaction must undertake, thus streamlining the process and potentially saving the consumer time and money. A TitlePLUS policy is accepted by virtually all leading financial institutions across Ontario.

TitlePLUS, launched in 1997 by the Lawyers' Professional Indemnity Company (LAWPRO), has been used by more than 1,500 lawyers in all parts of Ontario to streamline real estate transactions and improve the service and protection that buyers and lenders receive when they purchase or finance property.

LAWPRO is a wholly Canadian-owned insurance company that is licenced to provide professional liability insurance and title insurance in numerous jurisdictions across Canada.

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Contact:    Kathleen Waters
Vice President, TitlePLUS
[email protected]
(416) 598-5879

*premiums exclude processing fees and applicable taxes
**For full terms and conditions, please refer to a TitlePLUS policy.
®TitlePLUS is a registered trademark of Lawyers' Professional Indemnity Company (LAWPRO)

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On or about October 2, 2017
LAWPRO online filing of Professional Liability Insurance renewal applications for 2018 is expected to begin. If you wish to file a paper application instead of filing online, please note that paper renewal applications will not be automatically mailed out, but it is expected that you will be able to download a 2018 pre-populated paper renewal application from our website starting on or about October 2, 2017.

October 31, 2017
Real estate and civil litigation transaction levies and forms are due for the quarter ended September 30, 2017.


 

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