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BLACK IN TIME: A Moment in OUR History

Hugh Gaddy · Monday, October 19th 2009 at 9:54PM · 132 views
John Merrick

On October 20, 1898, John Merrick And Six Associates Founded The North Carolina Mutual & Provident Insurance Company, In Durham, North Carolina. The Company Has Been Called "The Greatest Monument To Negroes' Business Enterprise." By 1992, Merrick's Business -- Now Called North Carolina Mutual Life Insurance Company -- Had Become The Largest Black-Owned Life Insurance Company In America, With $8.8 Billion Dollars Of Insurance Policies And $214 Million In Assets. North Carolina Mutual & Provident Opened The Same Year That Participants In The Fourth Annual Atlanta University Conference Resolved To Urge Black Black Americans "To Enter Into Business Life In Increasing Numbers." Today, North Carolina Mutual Insurance Company Still Stands As Oldest And Largest Black Life Insurance Company In The United States. "In Order For Black History To Live, We Must Continue To Breathe Life Into It." -- Hubert Gaddy, Jr.

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Hugh Gaddy Hagerstown, MD
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