Insurance: The Negro Has the Same Risks

Besides being the victim of discrimination in housing and hiring, the U.S. Negro was long written off as a second-class insurance risk. His life expectancy was low, his income meager, his dependability in paying premiums suspect. Stepping in over the years where white agents waivered, the U.S. Negro community gradually formed its own insurance companies, which now number about 60. With the Negro's per-capita income rising, white-run insurance companies are anxious to get some of his business. They can expect a real battle from the Durham-based North Carolina Mutual Life Insurance Co., the largest Negro-owned firm in the U.S.


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