Important information for Economical policyholders
Sep 18, 2015 1 minute read
If you are an Economical Insurance policyholder, you should be aware that Economical is proceeding with the process to demutualize. Click here to learn more about how these planned changes will impact you.
In December of 2010, Economical Insurance announced its intention to pursue demutualization. As a mutual company, Economical does not have shareholders. During the demutualization process, a mutual company, in this case Economical, converts into a company with shareholders and distributes available funds between mutual owners.
If you are an Economical policyholder, it’s important for you to be aware that this process is ongoing. It’s possible that there will be financial implications for Economical policyholders as a result of this process. We encourage you to visit Economical’s demutualization website to learn more.