Friday, November 29, 2024

"OUR RICH BLACK HERITAGE" THE FORMER BLACK--OWNED INSURANCE COMPANIES IN MONROE, LOUISIANA

"If the misery of our poor be caused not by the Laws of Nature, but by our Government Institutions, then great is our sin!" -unknown When discussing the former Black-Owned Insurance Companies in Monroe, Louisiana, I would be remiss if I didn't mention the "HISTORIC MILLER-ROY BUILDING" that was built here in Monroe at 1001 Desiard Street in 1929, "as a business hub for Black-Owned Businesses." You see, several of the Black-Owned Insurance Companies had their offices within the Miller-Roy Building. As a matter of fact, many of the Black-Owned Businesses in Monroe at that time, began in that Building. Additionally, before the Stock Market Crash in 1929, several Black-Owned Insurance Companies were becoming as large as some of the White-Owned Insurance Companies in Monroe. Furthermore, it was reported and recorded that some of the Black-Owned Insurance Companies in Monroe contributed part of the first $1,000 dollars to start the "Louisiana Chapter of The National Urban League when it was first organized, back in 1938." I wished that I could have found physical records of some of the former Black-Owned Insurance Companies in Monroe, but so far I haven't been able to find any of them. Never-the-less, I was able to come up with a list of a few of them Below is the list of the ones that I was able to verify : 1. Acme Insurance Company that was owned by William & Orel Medlock, one of the companies that was merged with Miller Funeral Home w ; 2.People's Industrial Life Insurance Company that was owned by Abraham Bowie ; 3. Unity Industrial Life Insurance Company ; 4.Standard Industrial Life Insurance Company ; 5.Good Citizens Life Insurance Company ; 6.Keystone Life Insurance Company ; 7.Supreme Life Insurance Company ; 8.Universal Life Insurance Company ; 9.Britton's Insurance Company that was located near Desiard & Renwick Streets, which was owned by Don Britton ; and 10. Miller Funeral Home 's, Reliable Insurance Company, which is still operating in Monroe today! Before I end this week's edition of Our Rich Black Heritage, I would like to mention that when Joseph Miller Jr., of Miller Funeral Home was living, he stated that several of the former Black-Owned Funeral Home Establishments in Monroe were bought out by his father Joseph H. Miller Sr., and were merged with Miller Funeral Home.

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