206:, on June 18, 1839, after rediscovering the subscription book that was originally created in 1837. Gore Mutual began business with only one paid officer, William A. Walker, who also held the role of secretary-treasurer. In November 1839, William A. Walker was also given the title of traveling agent. He was responsible for traveling on horseback in order to expand Gore Mutual's operations across the Galt district. With the passing of the new legislature in 1842, mutual insurance companies were able to expand their business into districts where no mutual fire insurance provider existed. Gore Mutual took advantage of this by expanding into
304:, Gore Mutual donated $ 100,000 of its profits to the government of Canada in order to aid the war effort. This money was to be spent however the government saw fit. Not only did Gore Mutual donate to the cause, but every employee gave an additional portion of their income during the war to further aid the efforts of the Canadian troops. During this time, eight Gore Mutual employees served, all of whom survived; however, two of them were severely wounded during their time of service. By the end of the war, Gore Mutual had victory bonds amounting to a total of $ 525,000, which is worth roughly $ 7,297,550 today.
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purpose of processing personal and commercial lines. In the 1990s, Gore Mutual introduced a 24-hour emergency claims service in order to help customers and brokers at all times. Also during this time, new estimating software was introduced to allow adjusters to prepare quotes with greater speed and accuracy. In 1998 Gore Mutual created the Gore Mutual
Foundation. The foundation provides funding for hundreds of health, welfare, education, cultural, environmental, and charitable activities in communities across Canada.
254:. In 1865, Gore Mutual implemented a new structure for charging tariffs that allowed the company to charge higher premiums on policies that were deemed high-risk, a method that many insurance companies use today. In 1866, new agencies were established in Preston, St. Mary's, Wroxeter, Lucknow, Princeton, Plattsville, the County of Wentworth, the County of Halton, Embro, West Zorra, Woodstock, Brantford, and its surrounding counties.
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that number had grown to over 13,000 policies. Gore Mutual's portfolio was growing at a rate of 500 policies a year. The value of its insured properties during that time rose from $ 4,000,000 in 1880 to $ 15,670,000 in 1899. Meanwhile, British and
American fire and casualty insurance companies began expanding into Canada during this time.
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In 1895, Gore Mutual's new building in Galt was completed. The building stands over 80 feet tall and was built with dark red bricks and sandstone trim. It is revolutionary with hot water heating as well as gas and electrical lighting. The building quickly emerged as a local landmark for the people of
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In the late 1870s, Gore Mutual started to cancel policies that were deemed too high a risk. Gore Mutual also began breaking ties with agencies that were in remote areas that were located too far from the head office in Galt. By the beginning of the 1880s, Gore Mutual had over 4,500 policies; by 1899,
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In 1968, Gore Mutual purchased its first
Honeywell Computer, becoming one of the first companies in Canada to use computerized policy handling for automobile insurance. The late 1970s were the age of computers for Gore Mutual. Cathode Ray Tube (CRT) systems were used in the claims department for the
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Gore Mutual has been donating to charities in the communities where they do business for over 100 years. In 1998, Gore Mutual incorporated the Gore Mutual
Insurance Foundation, registered as a private charity funding statute, which has the benefit of being tax-free and allowing for an increase in
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In the early 1970s, Gore Mutual hired
Brantford architects Mark Musselman, McIntyre & Combe to design a new building that was to be attached to the existing head office, built in 1937. The two buildings are connected by a glass passageway that extends 60 feet from the old to the new building.
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Gore Mutual was founded in 1839 and is Canada's oldest property and casualty insurer. As of 2014 it had over $ 475 million in premiums and over $ 1.1 billion in assets. Gore Mutual has three offices in Canada. The head office is located in
Cambridge, Ontario, and has offices in Vancouver and
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In 2011, the Gore Mutual
Foundation donated $ 450,000 to nearly 120 charities across Canada. In 2012, Gore Mutual pledged $ 1 million to the Gore Mutual Foundation. In 2020, CanadaHelps, in partnership with the Gore Mutual Foundation, doubled the donations made by others towards
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At the annual meeting in 1858, members authorized the board to reward fire companies that were called to assist with fires and those that successfully saved the property. This new legislation was the first step in developing more efficient firefighting methods in the
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objective. The quick success of the paperless movement was credited to Gore Mutual staff being under the age of 35. Gore Mutual's success in implementing a paperless office has inspired some insurance brokerages to also turn their offices into paperless offices.
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relief efforts. Each donation to the CanadaHelps COVID-19 Cause Funds was doubled by the Gore Mutual
Foundation, which committed $ 2 million in matching funds to be split between the COVID-19 Community Care Fund and the COVID-19 Healthcare and Hospital Fund.
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In 1936, Gore Mutual's current building was completed. Built by
Scottish stonemasons using local, handpicked stone, it was built on a hilltop surrounded by gardens. Lieutenant-Governor Herbert A. Bruce officially opened the building.
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Since 1998, the Gore Mutual
Foundation has donated over $ 12 million to nearly 1,000 charities. In 2008, the Foundation donated $ 500,000 to the Cambridge Memorial Hospital.
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The 1860s were a modernization period for Gore Mutual. Under new leadership in 1863, Gore Mutual moved the company to a new office building in
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In 1914, Gore Mutual donated $ 50,000, which was the previous year's profits, to help aid the War Effort Patriotic Fund.
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By mid-1870, the number of active Gore Mutual policies had grown to over 6,000, and the company had expanded into
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The firm has a favorable reputation with the Insurance Brokers Association of Ontario (IBAO).
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The Legacy of the Gore, Gore Mutual Insurance Company, Cunningham, Roderick. K, June 18, 1989
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In 1939, Gore Mutual turned 100 years old and had over 2.4 million dollars
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After a failed attempt in 1837, Gore Mutual Insurance, known at that time as "
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Andy Taylor (President and CEO), Paul Jackson (Chief Operating Officer)
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Journals of the Legislative Assembly of the Province of Canada
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564:"Gore Mutual Insurance Company – Gore Mutual Foundation"
542:"Is the 'paperless' office here at last? - CNN.com"
364:"Gore Mutual Insurance Company – About Gore Mutual"
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411:Canada. Parliament. Legislative Assembly (1855).
390:"Gore Mutual CEO will leave company on high note"
601:Financial services companies established in 1839
497:"At 175 years, Gore Mutual is older than Canada"
200:The Gore District Mutual Fire Insurance Company
202:", was created by an unknown businessman from
320:In 2002, Gore Mutual Insurance implemented a
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462:"GORE MUTUAL CELEBRATES 175TH ANNIVERSARY"
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133:450 employees across Canada (2014)
606:Canadian companies established in 1839
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194:Pre-Canadian Confederation (–1867)
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392:. therecord.com. February 6, 2014
329:Gore Mutual Insurance Foundation
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566:. goremutual.ca. Archived from
467:. June 18, 2014. Archived from
366:. goremutual.ca. Archived from
519:"Brokers need to go paperless"
258:Post-Confederation (1870–1939)
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596:Insurance companies of Canada
156:Gore Mutual Insurance Company
22:Gore Mutual Insurance Company
61:; 185 years ago
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16:Canadian insurance company
316:Paperless Office in 2002
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611:Auto insurance in Canada
296:World War 2 and Post War
234:over a two-year period.
521:. insurancebusiness.ca
570:on October 16, 2014
370:on October 15, 2014
246:1860s modernization
129:Number of employees
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334:yearly donations.
204:Brantford, Ontario
172:business insurance
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474:on August 8, 2014
168:vehicle insurance
160:insurance company
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292:in assets.
240:Galt region
145:.goremutual
119:13,200,000
590:Categories
350:References
220:Port Dover
109:Net income
98:Key people
544:. cnn.com
224:Colbourne
74:, Ontario
72:Brantford
50:Insurance
343:COVID-19
228:Yarmouth
216:Oakville
46:Industry
300:During
264:Central
208:Toronto
189:History
180:Toronto
138:Website
64: (
56:Founded
278:Galt.
232:London
230:, and
212:Simcoe
170:, and
90:Canada
472:(PDF)
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266:and
66:1839
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290:CAD
182:.
147:.ca
143:www
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