North Carolina health insurance successfully on race, color
Durham, NC - A national network of action against most abandoned the practice of funeral insurance sales has snared North Carolina Mutual Insurance Co., the most black-owned insurance company of the nation.
Between 10 and 15 insurance companies, including giants like Metropolitan Life of New York, continued. Appeals to assert that insurers have been discriminated against for decades black by selling their policy, officially called “industry” policy, while those that sell best whites.
To sell insurance policy - often for less than $ 500 - door to door in black neighborhoods, weekly collection of payments cents per piece, until the 1960 or `70 years. Given that many customers often pay by politics, without consideration for the benefits, critics say the policy benefits the poor.
Durham NC-based mutual, a small company in comparison with the giant national contests reproach, “said Charles D. Watts, Jr., counsel for the company and great-grandchildren of one of its founders. The requirement is at the heart of what was originally mutual business for decades.
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