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- Up one level
- How the Fall of NC Mutual Hurt Black America
Henry McKoy, the Assembly, January 20, 2020
Durham was once called “the Capital of the Black Middle Class” and the “City on the Hill for Blacks.” It was home to more Black millionaires per capita than any other place in America. And it was headquarters to the world’s largest Black-owned and -operated business: North Carolina Mutual Life Insurance Company.
But in December of 2018, NC Mutual, which once played a critical role in providing capital to support the hopes and dreams of African-Americans across the country, quietly entered into receivership with the North Carolina Department of Insurance. Receivership, also known as rehabilitation, is similar to bankruptcy.
- NC Mutual was once a titan of Durham’s Black Wall Street. Its future is up in the air
Zachery Eanes, News & Observer, June 06, 2019
The future of North Carolina Mutual Life Insurance Co., a firm that has been an influential part of Durham for more than 100 years, hangs in the balance.
The insurance company — founded in 1898 and an integral member of Durham’s famed Black Wall Street — is currently under “rehabilitation” by the state’s Department of Insurance, which is attempting to bring the company back to good financial standing.
- Quit for Life study
Collaborative smoking cessation research project with the UNC Health Services Research Center and Smoking and Health Consultants, Inc. (C. Tracy Orleans).