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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 awarded A (Excellent) financial strength rating for 5th year

Adobe PDF document PDF file for download (Size: 30KB)

Toronto, ON, January 5, 2005 - Lawyers' Professional Indemnity Company (LAWPRO) has earned its fifth consecutive "A (Excellent)" financial strength rating from A.M. Best Co., a leading rating agency.

A.M.Best cited the company's favourable underwriting and operating performance, its historically favourable loss reserve development, as well as its strong capital position as key indicators that earned LAWPRO the "A" rating.

"Historically, operating performance has comfortably supported both the growth in capitalization and (LAWPRO's) level of risk tolerance," A.M. Best Co. commented.

The five consecutive 'A" ratings from A.M. Best represent a major milestone for LAWPRO, which in 2005 marks its 10th year of independent operations. "Throughout the past decade, we have focused on two priorities: To ensure the long-term economic viability of the insurance programs we offer; and to offer lawyers innovative programs that respond to their needs, present and future," said LAWPRO President & CEO Michelle Strom. "These five "A" ratings are an important measure of the success of the strategies we have put into place since 1995, when we reorganized the operation. Now, on the eve of this 10th anniversary, these five consecutive "A" ratings provide yet another reason to celebrate."

Lawyers' Professional Indemnity Company (LAWPRO) is a wholly Canadian-owned insurer providing a diverse range of insurance-related programs, services, and resources, including title insurance, to support the legal community in numerous jurisdictions across Canada.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source.

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Contact:

Michelle Strom
President & CEO, LAWPRO
[email protected]
416-598-5802
Dagmar Kanzler
Director of Communications
[email protected]
416-598-5844
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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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