Today in Black History - August 27, 1991
Central Life Insurance Company, the last surviving African American owned insurance company in the state of Florida is ordered liquidated by a Florida circuit court judge. Central Life Insurance Company of Florida filed as a Domestic for Profit Corporation in the State of Florida and is no longer active. This corporate entity was filed approximately ninety-two years ago on Thursday, April 13, 1922 as recorded in documents filed with Florida Department of State.
There was a time when a list of the largest Black owned businesses would be headed by Black owned insurance companies Historically we were not allowed to purchase through other insurance companies. We did a “so what” and opened our own as should be. Yet in the 1960’s when trying to prove something, we abandoned these companies as others saw our spending power. Like the Negro League, the desire for acceptance has left Black owned insurance companies to be “no more.”