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Last update: Sept. 28, 2017

2017 Releases

  • 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 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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Michelle Strom appointed LPIC President
Toronto, ON; January 25, 2001: Michelle L.M. Strom has been appointed President of the Lawyers' Professional Indemnity Company (LPIC) and a member of its Board, the LPIC Board of Directors announced.

Ms. Strom succeeds Malcolm Heins who has accepted the appointment of Chief Executive Officer of the Law Society of Upper Canada (LSUC). Mr. Heins will remain on the LPIC Board of Directors.

Commenting on Ms. Strom's promotion, Mr. Heins said: "As a financial institution, LPIC requires a president skilled in the areas of finance and administration. I am confident that with Michelle's extensive background and expertise, coupled with her excellent track record at LPIC, she is the ideal candidate to lead this organization."

Over the past six years, Ms. Strom has played a pivotal role in building LPIC into a progressive, customer-focused, and financially sound insurance company. As LPIC's Senior Vice President and Chief Financial Officer with responsibilities for technology, finance and administration, Ms. Strom has been instrumental in re-engineering LPIC's operations and establishing a sound financial base for the insurance program. Over the past two years, she has been closely involved in identifying and developing new business opportunities and growth strategies for LPIC, to meet the evolving needs of lawyers in a changing practice climate. LPIC's success in these areas was recently corroborated by the A (Excellent) rating which it received from the A.M. Best Company, a leading insurance industry rating service.

Ross Murray Q.C., Chair of the LPIC Board of Directors, speaking on behalf of the Board said, "We wish Malcolm Heins all the best as he takes on the challenge as the Chief Executive Officer of the Law Society of Upper Canada (LSUC). We thank him for his leadership at LPIC since 1994. We are extremely pleased that Michelle Strom has accepted the position as President of LPIC. Michelle will lead a strong management team and an enthusiastic and highly competent staff."

Ms. Strom holds a degree in Business Administration from York University, and received her Chartered Accountant designation in 1983. Before joining LPIC in 1995, she held senior administrative and financial positions with a number of organizations, with an emphasis on change management. She currently serves on the Board of Directors of the Ontario Bar Assistance Program (OBAP), a not-for profit organization that provides peer-to-peer support to lawyers and family members in need; and DIVORCEmate Software Inc., which supplies family law software.

LPIC currently provides liability insurance to more than 18,000 lawyers in Ontario and to 450 lawyers in Newfoundland. It also offers lawyers a competitive title insurance product through TitlePLUS, its innovative title insurance/real estate conveyancing program, and excess liability insurance on an optional basis.


Contact:

Dagmar Kanzler
Director of Communications
[email protected]
 
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Key DatesMore

January 31, 2018
Real estate and civil litigation transaction levies and forms are due for the quarter ended December 31, 2017.

February 6, 2018
Lump sum payment of 2018 premium by cheque or pre-authorized bank account withdrawal received on or before this date are eligible for a $50 (per lawyer) early payment discount on the 2018 policy premium (see the 2018 Program Guide for details).


 

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