North Carolina Mutual Life Insurance Company started in 1898 by seven Black men. It became the largest and oldest Black-owned insurance company in the country.
Full story: https://www.wral.com/black-wall-street-icon-nc-mutual-life-insurance-company-begins-liquidation-process/20517940/
Tuesday marked the end of an era as a judge approved the liquidation of North Carolina Mutual Life Insurance Company during a virtual court hearing.
The company started in 1898 by seven Black men. It became the largest and oldest Black-owned insurance company in the country.
“The liabilities have exceeded its assets by at least $78 million-plus,” said Dan Johnson with the Attorney General’s Office.
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