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American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services.
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One Moody Plaza is also known as the American National Insurance Company Building, named for a company founded by William Lewis Moody in 1905. The insurance company employed 70 people in its Galveston office by in 1912, a number that increased to 500 by 1928, when it had already acquired 27 other insurance companies.
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Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
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