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® expands into western Canada
Lawyers can offer clients superior protection and savings through title insurance for residential home purchase and mortgage-only transactions
PDF file for download (Size: 23K)
Toronto, ON, February 4, 2003 - TitlePLUS has announced the next step in a national rollout of its title insurance products: Effective immediately, lawyers in Manitoba and Alberta can secure TitlePLUS title insurance coverage for consumers who buy or refinance/mortgage property.
TitlePLUS is widely used by lawyers to insure purchase and refinance/mortgage-only properties in Atlantic Canada and Ontario.
Lawyers in Manitoba and Alberta will be able to easily access TitlePLUS coverage for their transactions in one of two ways:
- By contacting the TitlePLUS hotline at 1-800-410-1013 to request a TitlePLUS policy; OR
- By completing and faxing an application form which they can access from the TitlePLUS Web site (www.titleplus.ca) or from TitlePLUS directly.
TitlePLUS completes all of the necessary paperwork and provides the lawyer with a draft TitlePLUS policy and other materials to review with the client.
TitlePLUS offers comprehensive title PLUS legal services protection
TitlePLUS offers consumers and lenders alike some of the most comprehensive title-related protection available on the market today. Its policy automatically insures both buyers and lenders for title-related problems that could affect the ownership or marketability of the property in the future, as well as for the legal services provided by the lawyer closing the transaction.
Moreover, TitlePLUS insures against many of the risks that normally would be beyond the scope of the lawyer's opinion - issues such as fraud, forgery, survey errors, the absence of an up-to-date survey and errors made by governments.
If a problem with title surfaces after the deal has closed, or if it is discovered that the lawyer made an error or omission, TitlePLUS either:
- pays to rectify the problem (for example, moving a garage off a neighbour's property line) or,
- compensates the appropriate parties for up to the full value of the title insurance policy.
The insurer also will pay the legal costs of defending the title.
TitlePLUS eliminates delays and facilitates complicated closings
TitlePLUS will often provide survey coverage without an up-to-date survey, thus saving the purchaser money and time. It will also provide insurance against known minor issues (such as a minor setback deficiency) - which often hold up closings because lenders are wary of advancing funds until these issues have been resolved. With TitlePLUS, the closing can proceed on time, and TitlePLUS assumes the risk associated with rectifying the issue in the future.
Coverage for different types of transactions
TitlePLUS is available for new and used homes, condominiums, cottages, rural properties and residential rental properties of up to four units, and covers both purchase and mortgage-only/refinance transactions.
Since it was launched in Ontario in 1997, TitlePLUS has become an integral part of the conveyancing services offered by real estate lawyers in that province. The introduction of TitlePLUS to the Manitoba and Alberta markets is part of a national rollout that will make TitlePLUS products more accessible to lawyers in numerous jurisdictions.
TitlePLUS was developed by Lawyers' Professional Indemnity Company (LAWPRO), a wholly Canadian-owned insurance company providing title insurance in the Canadian market. LAWPRO currently underwrites the professional liability insurance program for all members of the Ontario and Newfoundland bars, in addition to providing TitlePLUS in numerous jurisdictions across the country.