Afro-American Life Insurance Company

Last updated
Afro-American Life Insurance Company
Industry Life insurance
Founded1901
Founder Abraham Lincoln Lewis
Headquarters Jacksonville, Florida

The Afro-American Life Insurance Company was a historic business based in Jacksonville, Florida. It was founded in 1901 by Abraham Lincoln Lewis and his business associates. [1] The company specialized in helping Black Americans obtain life insurance and mortgages. [2]

Background

Up until the creation of this insurance company, black Americans found it difficult to purchase life insurance, which was unaffordable to most blacks at the time. The insurance company also served as a financial institution as well. The company is responsible for the creation of American Beach in Nassau County, Florida. [3]

With strong competition from other insurance companies in the mid-20th century, the Afro-American Life Insurance Company closed in 1990. [ citation needed ] The building located at 101 E. Union Street, which housed the company has been renovated and served as the offices for Congresswoman Corrine Brown and other businesses.

Related Research Articles

<span class="mw-page-title-main">Boca Raton, Florida</span> City in Palm Beach County, Florida

Boca Raton is a city in Palm Beach County, Florida. It was first incorporated on August 2, 1924, as "Bocaratone," and then incorporated as "Boca Raton" in 1925. The population was 97,422 in the 2020 census, and it was ranked as the 344th largest city in America in 2022. However, approximately 200,000 additional people with a Boca Raton postal address live outside of municipal boundaries, such as in West Boca Raton. As a business center, the city experiences significant daytime population increases. Boca Raton is 45 miles (72 km) north of Miami and is a principal city of the Miami metropolitan area, which had a population of 6,012,331 people as of 2015.

<span class="mw-page-title-main">Jacksonville, Florida</span> Largest city in Florida, United States, located in Duval County

Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the largest city by area in the contiguous United States as of 2020. It is the seat of Duval County, with which the city government consolidated in 1968. Consolidation gave Jacksonville its great size and placed most of its metropolitan population within the city limits. As of 2020, Jacksonville's population is 949,611, making it the 12th most populous city in the U.S., the most populous city in the Southeast, and the most populous city in the South outside of the state of Texas. With a population of 1,733,937, the Jacksonville metropolitan area ranks as Florida's fourth-largest metropolitan region.

The United Services Automobile Association (USAA) is a San Antonio-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance-regulated reciprocal inter-insurance exchange and subsidiaries offering banking, investing, and insurance to people and families who serve, or served, in the United States Armed Forces. At the end of 2020, it had more than 13 million members.

<span class="mw-page-title-main">Allstate</span> American insurance company

The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993 but still partially owned by Sears, until it became completely an independent company in June 1995. The company also has personal lines insurance operations in Canada.

State Farm Insurance is a large group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois.

<span class="mw-page-title-main">University of North Florida</span> Public university in Jacksonville, Florida, United States

The University of North Florida (UNF) is a public research university in Jacksonville, Florida. It is part of the State University System of Florida and is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award baccalaureate, masters, and doctorate degrees. Its campus comprises 1,300 acres amid a natural preserve on Jacksonville's Southside. It is classified among "R2: Doctoral Universities – High research activity".

<span class="mw-page-title-main">John Delaney (Florida politician)</span> American politician and academic administrator

John Adrian Delaney is an American lawyer, politician, and university and college President. He served as mayor of Jacksonville, Florida, from 1995 to 2003, and as the president of the University of North Florida from 2003 to 2018. In 2021, he was named President of Flagler College after a few months as Interim. He is a member of the Republican Party.

<span class="mw-page-title-main">Adam Herbert</span>

Adam William Herbert, Jr. is a United States retired academic administrator. He served as President of the University of North Florida from 1989 to 1998, as Chancellor of the State University System of Florida from 1998 to 2001, and as President of Indiana University from 2003 to 2007. He was the first African-American to hold the latter two positions. He announced his retirement from Indiana University in 2007, and was succeeded by Michael McRobbie.

Abraham Lincoln Lewis (1865–1947) was an influential American businessman who founded the Afro-American Life Insurance Company in Jacksonville, Florida and became the state's first African-American millionaire. He also founded the National Register-listed community of American Beach, founded as a prestigious vacation spot for blacks during the period of racial segregation.

<span class="mw-page-title-main">Jacksonville metropolitan area, Florida</span> Metropolitan statistical area in the United States

The Jacksonville Metropolitan Area, also called the First Coast, Metro Jacksonville, or Northeast Florida, is the metropolitan area centered on the principal city of Jacksonville, Florida and including the First Coast of North Florida. According to the 2020 United States Census, the total population was 1,605,848. The Jacksonville–St. Marys–Palatka, FL–GA Combined Statistical Area (CSA) had a population of 1,733,937 in 2020 and was the 34th largest CSA in the United States. The Jacksonville metropolitan area is the 40th largest in the country and the fourth largest in the State of Florida, behind the Miami, Tampa, and Orlando metropolitan areas.

<span class="mw-page-title-main">Pacific Life</span> American insurance company

Pacific Life Insurance Company is an American insurance company providing life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.

<span class="mw-page-title-main">American Beach, Florida</span> United States historic place

American Beach is a historic beach community in northeastern Florida once popular with African-American vacationers. It is located north of Jacksonville on Amelia Island in Nassau County. During the time of segregation and the Jim Crow era, African Americans were denied access to many public amenities such as public pools and beaches in order to increase the value of nearby real estate, among other reasons. In view of this Abraham Lincoln Lewis, Florida's first black millionaire and president of the Afro-American Life Insurance Company, founded American Beach as a community that was visited mostly by African Americans, though all were welcome. It contains the American Beach Historic District, a historic district which was listed on the National Register of Historic Places in 2002.

<span class="mw-page-title-main">Museum of Contemporary Art Jacksonville</span> Art museum in Jacksonville, FL

The Museum of Contemporary Art Jacksonville, also known as MOCA Jacksonville, is a contemporary art museum in Jacksonville, Florida, funded and operated as a "cultural institute" of the University of North Florida. One of the largest contemporary art institutions in the Southeastern United States, it presents exhibitions by international, national and regional artists.

Jacksonville is home to a number of professional sports teams, and the city has a long history of athletics. The Jacksonville Jaguars of the National Football League (NFL) compete at the major league level. Additionally, the PGA Tour is headquartered in the suburb of Ponte Vedra Beach, where it hosts The Players Championship every year.

<span class="mw-page-title-main">Florida</span> U.S. state

Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to the south by the Straits of Florida and Cuba; it is the only state that borders both the Gulf of Mexico and the Atlantic Ocean. Spanning 65,758 square miles (170,310 km2), Florida ranks 22nd in area among the 50 states, and with a population of over 21 million, is the third-most populous. The state capital is Tallahassee and the most populous city is Jacksonville. The Miami metropolitan area, with a population of almost 6.2 million, is the most populous urban area in Florida and the ninth-most populous in the United States; other urban conurbations with over one million people are Tampa Bay, Orlando, and Jacksonville.

<span class="mw-page-title-main">General Insurance Corporation of India</span> Central Public Sector Undertaking

General Insurance Corporation of India Limited abbreviated as GIC Re is a central public sector undertaking under the ownership of Ministry of Finance, Government of India. It was incorporated on 22 November 1972 under Companies Act, 1956. GIC Re has its registered office and headquarters in Mumbai. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.

<span class="mw-page-title-main">EFU Group</span>

EFU Group, originally Eastern Federal Union Insurance Company Limited, is a Pakistan based insurance company. It was the first insurance company in India founded in 1932, owned by the Muslims based in Calcutta.

Chicken George was a fast food restaurant chain based in Baltimore, Maryland. The first restaurant was established by Theodore Holmes in November 1979 in the Mondawmin Mall in Baltimore. The company later expanded to a total of six restaurants in Baltimore, and also branched out to Philadelphia, Pennsylvania, and Washington D.C. Franchise restaurants were also existent in Atlanta, Los Angeles and in other cities. In September 1991, the company filed for bankruptcy to be dissolved.

<span class="mw-page-title-main">Black-owned businesses</span> Business enterprise owned by one or more African-Americans

Black-owned businesses, also known as African-American businesses, originated in the days of slavery before 1865. Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterwards. By the 1890s, thousands of small business operations had opened in urban areas. The most rapid growth came in the early 20th century, as the increasingly rigid Jim Crow system of segregation moved urban Blacks into a community large enough to support a business establishment. The National Negro Business League—which Booker T. Washington, college president, promoted—opened over 600 chapters. It reached every city with a significant Black population.

<span class="mw-page-title-main">Architecture of Jacksonville</span>

The architecture of Jacksonville is a combination of historic and modern styles reflecting the city's early position as a regional center of business. According to the National Trust for Historic Preservation, there are more buildings built before 1967 in Jacksonville than any other city in Florida, but it is also important to note that few structures in the city center predate the Great Fire of 1901. Numerous buildings in the city have held state height records, dating as far back as 1902, and last holding a record in 1981.

References

  1. "UNF - Thomas G. Carpenter Library - Afro-American Life Insurance Company". www.unf.edu. Retrieved 2017-11-21.
  2. "J.A. Batts Heads Afro Ins. Co. in Ala". Alabama Tribune . May 6, 1949. Retrieved 23 August 2020.
  3. Santich, Kate (April 17, 1994). "The Spirit of American Beach". The Orlando Sentinel . Retrieved 23 August 2020.