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Thu, 09.21.1905

The Atlanta Life Insurance Co. is Founded

Atlanta Life Insurance Co.

*On this date in 1905, the Atlanta Life Insurance Company was founded. They are the largest Black-owned stockholder insurance company in America.

Founded by a former slave, Alonzo Franklin Herndon, he purchased a small benevolent association for $140 and, with the acquisition and reorganization of two other companies in that year forming the Atlanta Mutual Insurance Association. In June 1996, Charles Cornelius began as the fifth president and chief executive officer and carries on the company's proud legacy.

Currently, Roosevelt Giles serves as president, Atlanta Life has assets of over $200 million and operates in 17 states.

Reference:

Atlanta Life.com

New Poem Each Day

Poetry Corner

They rode north funky & uneducated to live & let themselves rest: I come here ghuddammit to make my way, lazy or not, to own myself open the touch of... BLACKIE THINKS OF HIS BROTHERS by Stanley Crouch.
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