GUELPH, ON, Dec. 1 2008 – Canadians want their values and priorities to be reflected in financial services and products, and The Co-operators is introducing three new offerings that do just that. Today, the organization unveiled new initiatives in its home insurance, auto insurance and investment portfolios that promote environmentally, socially and economically responsible behaviour.
“Co-operators agents are eager to support the decisions of responsible and conscientious Canadians who are helping to create a healthier, more sustainable world for all of us,” said Kathy Bardswick, president and CEO of The Co-operators. “With these three new options added to our suite of products, our agents are well equipped to meet the growing demand for sustainable alternatives.”
Enviroguard(TM) is Canada’s first national home insurance endorsement that will provide an additional 10 per cent of coverage, up to $50,000, to restore property with environmentally-friendly alternatives following a claim. For $40 per year, homeowners will have the choice of directing the additional claim payment as they wish, toward such things as energy efficient appliances, eco-friendly building material, and renewable energy to make the home more green.
Effective December 1, drivers in Alberta and Ontario who insure their hybrid electric vehicles with The Co-operators will receive a five per cent discount on their auto insurance. The program will be expanded to the rest of Canada by the end of 2009.
The Co-operators is also introducing new Socially Responsible Investment (SRI) options to its suite of investment products. The SRI funds will be made available to both group and individual clients beginning in January 2009. In addition to financial performance, SRI funds allow individuals to invest in companies with strong records of environmental protection, human rights, product safety, and responsiveness to stakeholder concerns.
The three new offerings will be made available through The Co-operators agents in communities across Canada.
About The Co-operators:
Based in Guelph, Ontario, The Co-operators is a group of Canadian companies offering home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators Group Limited is a 100 per cent Canadian-owned co-operative with assets of $7 billion. It is owned by a group of Canadian co-operatives, credit unions and like-minded organizations. It is well known for its community involvement, and is listed among the 50 Best Employers in Canada. www.cooperators.ca.