Algoma Mutual Insurance Co

The Algoma Mutual Insurance Company began in 1899 as a fire insurance company with its head office in Sault Ste. Marie, Ontario. Its original mandate was to provide relief from rates charged by “outside” companies that were considered to be “unjust and unfair to the people of this section of the country.” Specifically, at that time, there was an “obnoxious fifty per cent extra charge” for people situated West of a certain line. The new company proposed to do business along the C.P.R., as far East as North Bay, and on the Manitoulin and St. Joseph Islands.