Economical Insurance gets policyholders' approval to demutualize

December 15, 2015 1:25 AM

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Dec 14 Economical Insurance's mutual policyholders voted on Monday to allow the Canadian property and casualty insurance firm to demutualize.

Demutualization is a regulated process in which a mutual insurance company converts to a share company with share capital and voting shareholders.

Also read: No Overwhelming Support for More Online Regulation, Poll Finds

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