Last update: March 20, 2018
LAWPRO receives “A” rating from A.M. Best Co. (Nov. 22, 2017)
A.M. Best Co. awarded Lawyers’ Professional Indemnity Company a financial strength rating of “A” and an issuer credit rating of “a” for the seventeenth consecutive time.
2018 Insurance Program (Sept. 28, 2017)
Convocation of the Law Society approves LAWPRO's 2018 insurance program for the Ontario Bar.
Data analysis leads to refinements in risk-rating.
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
Director of Communications
For immediate release
TitlePLUS® now on the Web for online conveyancing services
TitlePLUS will be expanding the range of delivery channels through which lawyers can secure TitlePLUS title insurance for their clients in the coming year, focusing on the Internet as it introduces its title insurance program in various provinces across the country.
Using the Internet to deliver TitlePLUS ensures lawyers in all jurisdictions will have access to the TitlePLUS program, regardless of where they practise in Canada. The need to ensure widespread access, coupled with the increased sophistication and security of Web-based tools and a significant increase in lawyers' use of the Internet, were critical factors in the decision to use the Web to deliver TitlePLUS, says Kathleen Waters, Vice-President of TitlePLUS.
TitlePLUS recently announced two new initiatives that are delivered only via the Internet.
LawyerDoneDeal.com is a website which lawyers can use to apply for TitlePLUS title insurance coverage for purchasers buying property in numerous new home and condominium developments across Ontario (see attached media release). Earlier this year, TitlePLUS launched LawyerMortgage.com, (also accessible through www.lawyerdonedeal.com), a Website now being used by hundreds of lawyers to secure title insurance coverage for certain mortgage transactions.
TitlePLUS and Teraview® continue their alliance
As TitlePLUS evolves to a Web-based format for new products and services, Teraview, the Teranet®-owned electronic search and registration system through which TitlePLUS has been delivered since its launch in 1997, will continue to offer service to Ontario lawyers. For example, lawyers will have the option of accessing both TitlePLUS and RealtiPLUS (the fully unified desktop that integrates the various functions involved in conveyancing) through the Teraview channel. Lawyers also will be able to link to both TitlePLUS and LawyerDoneDeal.com through BAR-eX™ Communications Inc., a jointly owned initiative of Lawyers' Professional Indemnity Company, The Law Society of Upper Canada and Teranet Enterprises Inc.
TitlePLUS and Teraview have a long association:
- In 1995, when TitlePLUS was in development, few lawyers were using the Internet, which in itself was still in its infancy. Leveraging Teraview - a new online search and registration system that Ontario lawyers would have to be using - to deliver TitlePLUS, a new online conveyancing package for the real estate bar, was a natural linkage.
- Three criteria were crucial to the success of TitlePLUS: security, reliability and speed. Initially, the Internet could not deliver reliably on any of these pre-requisites. Over the last few years, the Internet's ability to address all three of these needs, through sophisticated online security protocols and various high speed access channels, has made delivering TitlePLUS via the Internet a viable option.
- Widespread use of the Internet and familiarity with its method of delivering information and resources reinforce the feasibility of using the Web to deliver new tools and resources that assist lawyers in streamlining their practices.
Lawyers benefit from Web-based tools and resources
The TitlePLUS programs delivered over the Internet use standard, Web-based formats and protocols with which lawyers using the Web already are familiar.
- No start-up or software costs: All the "software" that lawyers need to complete and file a TitlePLUS application is online, so lawyers do not have to incur additional costs to get up and running.
- No learning curve: The new TitlePLUS initiatives not only use existing Web-based conventions, but also guide lawyers intuitively through the various stages in the application process. The result: Virtually any lawyer can go online and use the new Web-based TitlePLUS applications without requiring any specific software training.
- Simplified e-commerce: The new TitlePLUS websites automatically debit a lawyer's bank account or credit card, depending on pre-determined arrangements, thus eliminating the need to send cheques or monitor account balances as is the case with other service providers.
"As TitlePLUS evolves and expands into other regions of the country, we will make maximum use of the Internet to make TitlePLUS accessible to as many members of the real estate bar as possible, and help make title insurance a mainstay of real estate practice."
November 29, 2001
TitlePLUS® is a registered trademark of Lawyers' Professional Indemnity Company (LAWPRO).
Teranet and Teraview are registered trademarks of Teranet Inc. BAR-eX is used under licence by BAR-eX Communications Inc.