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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.
On or about October 2, 2017