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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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Media release
For immediate release

LAWPRO partners with Manitoba insurance broker

Adobe PDF document PDF file for download (Size: 21KB)

Toronto, June 29, 2004: Reider Insurance Services, a Manitoba insurance brokerage firm, and LAWPRO will be working in association to bring the TitlePLUS title insurance product to the Manitoba real estate marketplace.

TitlePLUS title insurance provides comprehensive title protection for consumers when they buy property, refinance a mortgage or borrow money secured against a residential home. Partnering with Reider Insurance ensures that consumers seeking TitlePLUS title insurance coverage for their transactions can do so quickly and easily.

Lawyers in Manitoba will be able to secure TitlePLUS title insurance coverage for his or her clients by contacting Reider Insurance Services at any of its four Winnipeg locations.

"Our partnership with Reider Insurance Services ensures we will have a strong local presence with a firm that reflects our emphasis on customer service and innovation," said Kathleen Waters, Vice-President of TitlePLUS. "We look forward to working together to serve the needs of the Manitoba real estate market."

"We at Reider are delighted to be able to offer our clients the option of TitlePLUS insurance coverage for their real estate transactions," adds Shale Reider, General Manager. "This innovative product complements our full line of insurance products and services, and gives us one more opportunity to provide Manitoba consumers with a full range of leading edge insurance products and services."

Reider is an independent insurance brokerage, founded in 1966 and still owned and operated as a family business by members of the Reider family. It currently manages more than $12 million in insurance premiums annually with a staff of 21 people. The company provides Manitoba consumers with a full range of insurance products and services, including auto, home, tenant and business insurance.

LAWPRO is a wholly Canadian-owned insurance company providing lawyers' malpractice insurance and title insurance in numerous jurisdictions across Canada. The TitlePLUS program provides consumers and lenders with comprehensive title insurance coverage for residential home purchases, and refinance/mortgage-only transactions. Specifically it provides coverage 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.

The TitlePLUS policy also 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, the insurer 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.
Since its launch in 1997, the TitlePLUS program has become a mainstay of real estate practice in Ontario, and is now available in all provinces except Quebec.

-30-

contact:

Kathleen Waters
Vice-President, TitlePLUS
[email protected]
416-598-5879
Shale Reider
General Manager
Reider Insurance Services
[email protected]
204-338-3888
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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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