LAWPRO 2011 Annual Review: Claim Numbers & Costs Reach New Highs
At the end of this week Ontario lawyers will be receiving our third annual review of LAWPRO operations.
The big story in 2011 is claims. The number of claims reported is up 11 per cent to 2,468. And based on actuaries’ projections, claims costs in the E&O program could top the $90 million mark for 2011.
What’s driving the increase in claims?
As is more fully explained in the article, no matter how we slice and dice the numbers, the trend is up:
- It’s a more complex business environment in which you’re handling more complex files that seem to
