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Downtown Durham view showing the North Carolina Mutual Life Insurance Company Headquarters. In 1965 the N.C. Mutual Life Insurance building became the tallest office building owned by African Americans in the United States. In 2006 the N.C. Mutual Life Insurance Co. building sold to a developer for only $11.4 million.
The North Carolina Mutual Life Insurance Company was founded in 1898 by a group of seven African-American men, of whom two, John Merrick and Dr. Aaron Moore, survived in the business after one year. Moore's nephew, Charles Clinton Spaulding , took charge of the business in 1900, and it thereafter grew rapidly, becoming by 1910 the nation's ...
Mutual Tower is a 252k-square foot, 14-story skyscraper located in Durham, North Carolina. Built in 1968, the building was previously called the North Carolina Mutual Life Insurance Company Building, Legacy Tower and The Tower at Mutual Plaza. It was designed by M.A. Ham Associates and Welton Becket and Associates. [1]
The Albemarle Building houses the North Carolina Department of Insurance. Article III, Section 7, of the Constitution of North Carolina stipulates the popular election of the commissioner of insurance every four years. The office holder is not subject to term limits. [10] North Carolina is one of 11 states to have an elected insurance ...
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Charles Clinton Spaulding. Charles Clinton Spaulding (August 1, 1874 – August 1, 1952) was an American business leader. For close to thirty years, he presided over North Carolina Mutual Life Insurance Company, which became America's largest black-owned business, with assets of over 40 million US$ at his death.
North Carolina’s home and auto insurance rates have increased more than inflation, thanks to a commissioner who is more concerned about himself than you. He’s allowed rates to increase, with ...
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