About Economical Insurance

Founded in 1871, Economical is one of Canada’s leading property and casualty insurers. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical Insurance includes the following companies: Economical Mutual Insurance Company, Family Insurance Solutions Inc., Sonnet Insurance Company, Petline Insurance Company.



Contact Information
Sarah Stevens
Manager, Media and Public Relations 
Tel: 877-859-4950 ext. 54042
Tel: Cell: 416-986-9360
[email protected]

Latest

Jan 19, 2021, 08:00 ET Economical Insurance provides increased access for Canadians for a free mental health support program, BounceBack

Economical donates $100,000 to the Canadian Mental Health Association WATERLOO, ON, Jan. 19, 2021 /CNW/ - As COVID-19 increases the demand for mental health support Economical Insurance is proud help ...


Dec 01, 2020, 08:00 ET Economical Insurance donates $80,000 on GivingTuesday to support charities promoting diversity and inclusion

WATERLOO, ON, Dec. 1, 2020 /CNW/ - This GivingTuesday, Economical Insurance is donating a total of $80,000 to support diversity and inclusion (D&I) initiatives in Canadian communities. To help make...


Nov 20, 2020, 14:11 ET AM Best affirms "A- (Excellent)" financial strength rating for Economical Insurance

WATERLOO, ON, Nov. 20, 2020 /CNW/ - AM Best affirmed today the financial strength rating of A- (Excellent) and issuer credit rating of "a-" for Economical Mutual Insurance Company. The outlook for...


Nov 05, 2020, 16:31 ET Economical Insurance reports Third Quarter 2020 financial results

HIGHLIGHTS We have announced in excess of $70 million of customer relief actions so far this year, and remain committed to assisting our customers manage the challenges of the ongoing pandemic Gross...


Aug 18, 2020, 08:00 ET Economical Insurance to provide insurance solution for Uber

Economical Insurance will provide peace of mind for drivers who use the Uber network and their customers in four Canadian provinces beginning September 1, 2020 WATERLOO, ON, Aug. 18, 2020 /CNW/ -...


Jul 30, 2020, 16:56 ET Economical Insurance reports Second Quarter 2020 financial results

HIGHLIGHTS In order to support our customers in this unprecedented time, we have taken actions expected to deliver in excess of $70 million of relief as well as providing flexibility in payment...


Jul 21, 2020, 14:00 ET Economical Insurance donates $200,000 to Canadian charities amid COVID-19

The Choose Your Charity campaign empowers employees and brokers to nominate and select community organizations in need WATERLOO, ON, July 21, 2020 /CNW/ - Today, Economical Insurance is granting...


Jun 29, 2020, 08:30 ET Economical Insurance encourages policyholders to check their eligibility during demutualization

WATERLOO, ON, June 29, 2020 /CNW/ - Economical Insurance has set out to reach more than 630,000 eligible policyholders across Canada to ensure participation in the company's demutualization process....


Jun 16, 2020, 09:00 ET Economical Insurance will donate $200,000 to Canadian charities driving change in their community

Employee and broker-driven campaign, Choose Your Charity, supports communities in need WATERLOO, ON, June 16, 2020 /CNW/ - Economical Insurance is proud to announce that it will be granting donations ...


May 25, 2020, 14:06 ET Economical Insurance highlights community-driven initiatives in 2019 Public Accountability Statement

Economical contributed nearly $1 million towards making a difference in Canadian communities WATERLOO, ON, May 25, 2020 /CNW/ - Economical Insurance released its 2019 Public Accountability Statement, ...


May 21, 2020, 17:42 ET Economical Insurance announces results of its Annual Meeting

WATERLOO, ON, May 21, 2020 /CNW/ - Economical Insurance announced today that John Bowey, Elizabeth DelBianco, Barbara Fraser, Robert McFarlane and Rowan Saunders have been elected to the Board of...


May 14, 2020, 17:57 ET Economical Insurance reports First Quarter 2020 financial results

HIGHLIGHTS Gross written premiums increased 13% versus the first quarter of 2019 on broad-based growth, reflecting our strategic investments and firm market conditions in place prior to COVID-19...


May 06, 2020, 19:20 ET Economical Insurance deploys Catastrophe Response Team to Fort McMurray to assist customers with flood recovery

WATERLOO, ON, May 6, 2020 /CNW/ - Today, Economical Insurance deployed its Catastrophe Response Team to Fort McMurray to provide immediate assistance for Economical and Sonnet Insurance customers who ...


Apr 30, 2020, 16:55 ET How to save on car insurance through COVID-19

Economical and Sonnet continue to offer individualized options to support those impacted by the COVID-19 pandemic WATERLOO, ON, April 30, 2020 /CNW/ - As COVID-19 continues to impact families and...


Apr 24, 2020, 19:55 ET Economical Mutual Insurance Company announces details of 148th Annual Meeting

WATERLOO, ON, April 24, 2020 /CNW/ - Economical Insurance has announced that its 148th Annual Meeting will be held on May 21, 2020 at 10:30 a.m. (Eastern Time) online. Mutual policyholders and duly...


Apr 08, 2020, 13:57 ET Economical Insurance is committed to supporting Canadians throughout COVID-19

The family of brands provides flexibility and digital operations for customers, brokers, and employees while giving back to communities in need WATERLOO, ON, April 8, 2020 /CNW/ - Economical...


Feb 14, 2020, 16:15 ET Economical Insurance reports Fourth Quarter and Full Year 2019 financial results

HIGHLIGHTS Gross written premiums exceeded $2.5 billion in 2019, increasing 3.4% in the fourth quarter and 2.2% for the full year versus the same periods in 2018 Sonnet continued to increase its...


Dec 03, 2019, 08:00 ET Economical employees celebrate GivingTuesday by donating $65,000 to Canadian charities

WATERLOO, ON, Dec. 3, 2019 /CNW/ - This GivingTuesday, Economical Insurance is granting donations to 14 community-based organizations across Canada through its employee-driven Choose Your Charity...


Nov 15, 2019, 15:47 ET AM Best affirms "A- (Excellent)" rating for Economical Insurance

WATERLOO, ON, Nov. 15, 2019 /CNW/ - AM Best affirmed today the financial strength rating of A- (Excellent) and issuer credit rating of "a-" for Economical Mutual Insurance Company. The outlook for...


Nov 07, 2019, 15:58 ET Economical Insurance reports Third Quarter 2019 financial results

HIGHLIGHTS Gross written premiums were relatively unchanged from the prior year, as focus remained on returning the business to profitability Lower catastrophe losses and ongoing corrective actions...


Nov 01, 2019, 09:00 ET Economical surpasses $1 million in support of Canadian Red Cross since 2013

WATERLOO, ON, Nov. 1, 2019 /CNW/ - Economical Insurance is proud to renew its national partnership with the Canadian Red Cross to support Canadians affected by severe weather events — bringing its...


Oct 02, 2019, 14:30 ET Economical adds Robert McFarlane to its Board of Directors

WATERLOO, ON, Oct. 2, 2019 /CNW/ - Economical Insurance today announced that Robert McFarlane will be joining the company's board of directors, effective November 8, 2019. "Bob brings a strong...


Sep 27, 2019, 12:00 ET Economical Appoints Liam McFarlane as Chief Risk and Actuarial Officer

WATERLOO, ON, Sept. 27, 2019 /CNW/ - Economical Insurance today announced that Liam McFarlane, FCIA, FCAS, will be joining the company as its new Chief Risk and Actuarial Officer, effective October...


Aug 01, 2019, 15:57 ET Economical Insurance reports Second Quarter 2019 financial results

HIGHLIGHTS Our disciplined underwriting approach curtailed growth in the quarter, as gross written premiums were 1.5% lower than the prior year Our corrective actions and lower catastrophe losses...


Jul 03, 2019, 16:00 ET Economical Announces Chief Actuary Retirement

WATERLOO, ON, July 3, 2019 /CNW/ - Economical Insurance, one of Canada's leading property and casualty insurance companies, today announced that Linda Goss, Senior Vice-President and Chief Actuary,...