Recognizing Economical's ongoing efforts in advancing sustainability of the collision repair industry
WATERLOO, ON, Nov. 3, 2014 /CNW/ - Today, Economical Insurance, one of Canada's leading home, auto and business insurance providers, has received the prestigious FIT Sustainability Award for2014 from AkzoNobel Vehicle Refinishes North America. As a recipient, Economical will participate at AkzoNobel's fourth Sustainability Leadership Symposium. The symposium is being held November 3, 2014 in Las Vegas during 2014 SEMA Show as part of the conference's education programs. It brings together key industry stakeholders to foster dialogue about developing long-term collaborative solutions for creating a sustainable collision repair industry. AkzoNobel is an international paints and coatings company and a major producer of specialty chemicals that has ranked number one on the influential Dow Jones Sustainability Index (DJSI) in each of the last three years.
"FIT is an acronym for three key measurement criteria of the award: Focus, Innovation and Talent," said Bill Orr, communication manager for AkzoNobel Vehicle Refinishes North America. "Economical Insurance is very deserving of this acknowledgment due to the unique programs that they have developed as well as their exemplary leadership on sustainability in the collision repair industry."
The award was accepted by Rocco Neglia, Economical's vice-president of claims, who was a guest presenter on sustainability at a media event September 19 at the Ritz Carlton Hotel in Washington DC. The program was held in conjunction with the 2014 North American Performance Group Meeting which is an annual gathering of some of the largest and most successful collision repair centers in North America.
"We are honoured to accept this recognition from AkzoNobel," said Neglia. "It recognizes the depth of our partnership that helped create a measureable means of assessing where collision repair shops are on their journey towards sustainable operations and practices. Using AkzoNobel's sustainability assessment tool, we have audited nearly 370 of our designated repair facilities. These audits enable repair shops to identify and strip out waste and adopt sustainable workflows and business practices, which improves their efficiency and profitability and makes them more competitive. That's a win for the repair shop, the consumer, the insurance industry and ultimately the planet."
About Economical Insurance
Founded in 1871, Economical Insurance is one of Canada's leading property and casualty insurers, with approximately $1.9 billion in annualized premium volume and $5.1 billion in assets as at June 30, 2014. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. In 2010, Economical announced its decision to become the first federally-regulated mutual property and casualty insurance company to pursue demutualization. Economical Insurance conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Family Insurance Solutions, Federation Insurance and Economical Financial.
SOURCE: Economical Insurance
For further information: Doug Maybee, Economical Insurance, (T) 519.570.8249, (C) 519.404.0989, [email protected]