Last update: Sept. 28, 2017
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.
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.
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.
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Director of Communications
For immediate release
LAWPRO awarded seventh annual "A" (Excellent) financial strength rating
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Toronto, ON, July 3, 2007 - Lawyers' Professional Indemnity Company (LAWPRO) has been awarded an "A" (Excellent) financial strength rating for the seventh consecutive year from A.M. Best Co., a leading rating agency.
According to A.M. Best, LAWPRO has consistently earned this rating and a stable outlook due to its excellent capitalization, favourable operating performance and consistent investment income.
"Historically, solid operating results are supported by consistent net investment income and the company's use of a risk-based underwriting model, which provides greater control over matching risk factors to the cost of insurance," A.M Best Co. said in its rationale. A.M. Best also commented on LAWPRO'S disciplined management, strong financial results, excellent capital position and favourable claims development.
Lawyers' Professional Indemnity Company (LAWPRO) is a wholly Canadian-owned insurer providing insurance-related programs, services, and resources, including title insurance through its TitlePLUS® program, to support the legal community across Canada.
A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source.