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The North Carolina Mutual Insurance Company Founded On Principle of Self-Sufficiency

The North Carolina Mutual Insurance Company Founded On Principle of Self-Sufficiency

The oldest and largest African American life insurance company in the United States was founded by John Merrick, along with Charles Clinton Spaulding, Aaron MCDuffie Moore.

The North Carolina Mutual Insurance Company founded in 1898. At the time, Durham was known as “Black Wall Street”. The North Carolina Mutual Insurance Company still exists today and is worth $162 million in assets.

Founded during Reconstruction, by 1920 The North Carolina Mutual Insurance Company had over 1,000 employees. John Merrick along with the other founders were guided by the principles of self-sufficiency. Visit The North Caroline Mutual Insurance Company online to learn more.

 

 

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