The Life and Casualty Insurance Company of Tennessee was a life insurance company based in Nashville, Tennessee, founded in 1903 by A. M. Burton (Andrew Mizell Burton), great-grandfather of singer Amy Grant.[1]
Burton was a regional manager for the Western & Southern Life Insurance Company, based in Cincinnati, Ohio, when it decided to discontinue operating in Tennessee. Burton was going to be discharged, but according to company lore, was told by his superior, "If you're the man that I think that you are, you'll start your own company," and he did so.
For many years, the firm sold a mixture of "industrial life insurance" policies, with small face amounts and costing low premiums, to working-class individuals and small farmers and "ordinary life" policies for middle class and affluent persons. Much of this business was sold on the "debit" or "home service" plan, where usually the agent who sold the policy initially personally called on the client to collect the premiums when they became due.
In 1957 the company occupied its new home office, the 31-story Life & Casualty Tower, located at 4th Avenue North and Church Street in downtown Nashville; the building was briefly the tallest one in the Southeast. The company was also known for its ownership of radio and television stations WLAC, properties it held until the 1970s.
In the mid-1960s, the company was sold to the American General Insurance Company of Texas, but its operations remained largely unchanged until the early 1980s. In 1968 the former Knights Life Insurance Company of Pittsburgh, Pennsylvania (then a part of American General Insurance) had its operations transferred from Pittsburgh to Nashville. When American General acquired longtime Nashville rival National Life and Accident Insurance Company in a hostile takeover it implemented plans to merge the two companies. By the end of the 1980s this had been largely accomplished, and the L&C Tower, still a Nashville landmark but no longer its tallest building, was sold to outside interests.
The company Burton founded went through a series of mergers and acquisitions which now form American General Life and Accident, now headquartered in the Nashville suburb of Brentwood, Tennessee as part of American International Group (AIG).
Amy Lee Grant is an American singer, songwriter and musician. She started in contemporary Christian music (CCM) before a successful crossover to pop music in the 1980s and 1990s. She has been referred to as "The Queen of Christian Pop".
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Aetna Inc. is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid insurance and benefit programs, and through Medicare. Since November 28, 2018, the company has been a subsidiary of CVS Health.
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions. If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
WSM is a 50,000-watt clear channel station located in Nashville, Tennessee. It broadcasts a full-time country music format at 650 kHz and is known primarily as the home of The Grand Ole Opry, the world's longest running radio program. The station's clear channel signal can reach much of North America and nearby countries, especially late at night. It is one of two clear-channel stations in North America, along with CFZM in Toronto, that still primarily broadcast music; as recently as 2020, the station was live and locally originated during the overnight hours, but the overnight host position was eliminated in February 2020. Nicknamed "The Air Castle of the South," it spawned two sister stations on newer mediums: WSM-FM, and television Channel 4, both of which were later sold separately; the three no longer share any affiliation whatsoever.
The Life & Casualty Tower is a skyscraper in Nashville, Tennessee located at 401 Church Street. It stands 152.5 meters (409 ft) and has 30 floors. It was designed by Edwin A. Keeble, with structural engineering done by Ross Bryan Associates, and was finished in 1957. It was Nashville's first true skyscraper and the tallest in Tennessee until 1965, when 100 North Main Street in Memphis surpassed it.
Norwich Union was the name of insurance company Aviva's British arm before June 2009. It was originally established in 1797. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada and non-life insurance in Continental Europe.
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. It has been a component of the Dow Jones Industrial Average since June 8, 2009.
WATE-TV, virtual channel 6, is an ABC-affiliated television station licensed to Knoxville, Tennessee, United States. The station is owned by Irving, Texas–based Nexstar Media Group. WATE-TV's studios are located in the Greystone mansion on North Broadway/SR 33/SR 71/US 441, and its transmitter is located on Sharp's Ridge in North Knoxville.
Fireman's Fund Insurance Company was an insurance company based in Petaluma, California which provided personal and commercial property and casualty insurance products in the United States.
The National Life and Accident Insurance Company is a former life insurance company that was based in Nashville, Tennessee.
Guilford Dudley Jr. was an American businessman and diplomat. He served as the United States Ambassador to Denmark under the Nixon Administration.
Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for completion of core work functions. For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or suffer an injury, illness or condition that causes physical impairment or incapacity to work. DI encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD).
Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance. These markets are fairly distinct, with most larger insurers focusing on only one type, although in recent times several of these companies have broadened their scope into more general financial services, and have faced competition from banks and subsidiaries of foreign financial conglomerates. With services such as disability insurance, income protection and even funeral insurance, these insurance giants are stepping in to fill the gap where people may have otherwise been in need of a personal or signature loan from their financial institution.
The William R. Snodgrass Tennessee Tower is a skyscraper in downtown Nashville, Tennessee, that houses Tennessee government offices. The tower was built for the National Life and Accident Insurance Company and served as its National Life Center until the State of Tennessee acquired it on January 3, 1994. More than 1,000 state employees who had been assigned to numerous locations now work in the building.
Wells Fargo Center is a skyscraper in the downtown area of Jacksonville, Florida, at the southeast corner of Bay and Laura streets. Standing 535 feet tall, it is the city's second-tallest building. It was formerly known as the Modis Building until 2011, when Wells Fargo acquired the naming rights.
Tata AIG General Insurance Company Limited is an Indian general insurance company and a joint venture between the Tata Group and American International Group (AIG). Tata Group holds a 74 percent stake in the insurance venture with AIG holding the balance of 26 percent.
William Ridley Wills, was a founder of the National Life and Accident Insurance Company in Nashville in 1902. Born in west Tennessee, Wills came to Nashville in 1893 to serve as Tennessee's deputy commissioner of insurance. There he met C.A. Craig and C. Runcie Clements and the three men formed the National Life and Accident Company after purchasing another insurance company which was being sold at auction. The new company sold health and accident insurance policies to industrial workers, a large percentage of whom were African-American. The company grew and moved into a large stone building in downtown Nashville where, in 1925, it launched radio station WSM which won international fame in creating the broadcast the "Grand Ole Opry". Wills died of a stroke in 1949. His nephew was poet and novelist William Ridley Wills, and his grandson is author and historian William Ridley Wills II.
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