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UPDATED ON: Tuesday, May 16, 2000

The Economical Insurance Group:

A. Scott Carson,

From The Globe and Mail

Dr. A. Scott Carson

Peter H. Sims, Chairman of the Board of Economical Mutual Insurance Company, is pleased to announce the election of Dr. A. Scott Carson as a Director of the company following the retirement of John H. Panabaker. Dr. A. Scott Carson is Dean of the School of Business and Economics and Professor of Business Policy at Wilfrid Laurier University. He is the former Chair of the Canadian Federation of Business School Deans and was previously Dean, Frank H. Sobey Faculty of Commerce, Saint Mary's University. As well, he has held teaching positions at the University of Alberta and Queen's University. Dr. Carson was CEO, Privatization Secretariat, Government of Ontario. He has also held senior management positions in banking.

Dr. Carson sits on several corporate boards and is a member of the Executive Committee of the Chamber of Commerce of Kitchener and Waterloo. The Economical Insurance Group is one of the largest property and casualty insurers in Canada with more than $819 million in premium volume and $1.9 billion in assets. Based in Waterloo, Ontario, this Canadian-owned company serves customers' needs through branches and service offices across the country. Members of The Group are Economical Insurance Company (including the Western General Farm Division), Waterloo Insurance Company, Perth Insurance Company, and The Missisquoi Insurance Company.


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