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Golden State Mutual Life Insurance Co

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BUSINESS
September 10, 1999 | Liz Pulliam
A landmark black-owned insurer has announced plans to demutualize and merge with an Alabama insurance company. Golden State Mutual Life Insurance Co. of Los Angeles said it will ask policyholders for permission to end its mutually owned status and combine with employee-owned Booker T. Washington Insurance Co. of Birmingham. A mutual insurance company is owned by its policyholders. Golden State would continue operations as a separate entity under a parent corporation to be called A.G.
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BUSINESS
September 10, 1999 | Liz Pulliam
A landmark black-owned insurer has announced plans to demutualize and merge with an Alabama insurance company. Golden State Mutual Life Insurance Co. of Los Angeles said it will ask policyholders for permission to end its mutually owned status and combine with employee-owned Booker T. Washington Insurance Co. of Birmingham. A mutual insurance company is owned by its policyholders. Golden State would continue operations as a separate entity under a parent corporation to be called A.G.
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BUSINESS
May 29, 1992 | SUSAN MOFFAT, TIMES STAFF WRITER
Maxicare Health Plans and Golden State Mutual Life Insurance Co., a major black-owned insurer, Thursday announced an alliance to sell each other's products nationwide. The alliance adds Maxicare's Medicare supplement and group HMO plans to Golden State Mutual's product line, and gives Maxicare access to Golden State's strong client base in the black community. "Our product lines are highly complementary," said Warren Foon, Maxicare's vice president for plan operations.
BUSINESS
May 29, 1992 | SUSAN MOFFAT, TIMES STAFF WRITER
Maxicare Health Plans and Golden State Mutual Life Insurance Co., a major black-owned insurer, Thursday announced an alliance to sell each other's products nationwide. The alliance adds Maxicare's Medicare supplement and group HMO plans to Golden State Mutual's product line, and gives Maxicare access to Golden State's strong client base in the black community. "Our product lines are highly complementary," said Warren Foon, Maxicare's vice president for plan operations.
NEWS
July 18, 1990 | KAREN GRIGSBY BATES, Bates is a Los Angeles writer who writes frequently about black issues. and
When the NAACP's conference ended here last week, civil rights leaders left behind a portrait of black men in crisis. Too many young black men, said the civil rights group, are underemployed, alternately feared and reviled, and living at risk. Now come the men of Sigma Pi Phi, a once-secret black fraternity that celebrates the professional and material success of black men.
CALIFORNIA | LOCAL
February 4, 1985
Ernest Shell, president of Golden State Minority Foundation, an organization that has helped provide more than 600 scholarships and grants to college students in Michigan and California, has died in Los Angeles. Shell, 76, also was a vice chairman of the board of Golden State Mutual Life Insurance Co., one of the nation's largest black businesses. In 1946 Shell became only the second black to be designated a chartered life underwriter by the American College of Life Underwriters.
CALIFORNIA | LOCAL
March 2, 2005 | From Times Staff and Wire Reports
Norman B. Houston, 81, a former assistant secretary in the U.S. Department of Health, Education and Welfare and a former member of the Los Angeles Human Relations Commission, died Jan. 13 at his home in Los Angeles. A native of Los Angeles, Houston attended UC Berkeley before joining the Army during World War II. After the war, he continued his education, this time at UCLA, where he received his degree in banking and finance in 1948.
ENTERTAINMENT
October 6, 2007 | Chris Pasles, Times Staff Writer
A controversial auction of art owned by Golden State Mutual Life Insurance Co. in South Los Angeles set record prices at Swann Auction Galleries in New York, according to Nigel Freeman, head of Swann's African American art department. The auction Thursday had infuriated local art historians who wanted the collection to remain in Southern California.
CALIFORNIA | LOCAL
April 1, 1993
Here is a listing of community forums, debates and other events in the Los Angeles mayor's race. It will run each Thursday through the April 20 primary. The El Sereno, Highland Park and Lincoln and Boyle Heights chambers of commerce will host a forum from 8 to 10 a.m. today at Luminarias restaurant, 3500 Ramona Blvd., Monterey Park. Continental breakfast at 7:30 a.m. Cost: $5. The Los Angeles Junior Chamber of Commerce will host a forum on the concerns of young adults from 7 to 9 p.m.
NEWS
October 14, 1989 | BURT A. FOLKART, BURT A. FOLKART, TIMES STAFF WRITER
George A. Beavers Jr., the last of the triumvirate of entrepreneurs who in 1925 founded the first California insurance company dedicated to blacks, died Thursday in Los Angeles at 97. With William Nickerson Jr., who died in 1945, and Norman O. Houston, who died in 1981, Beavers began what has evolved into the Golden State Mutual Life Insurance Co., with offices in 22 states and the District of Columbia.
NEWS
August 20, 1992 | RON EGGERS, Ron Eggers is a free-lance writer who occasionally contributes to The Times Orange County Edition.
In recent months, South-Central Los Angeles has mostly been in the headlines alongside such topics as urban unrest, the plight of the inner city and the need to rebuild. But South-Central is a diverse, dynamic community that some say is being shortchanged by the overwhelming negative publicity. It's an area made up of numerous middle-class communities and business districts with a rich African-American heritage.
ENTERTAINMENT
August 24, 2013 | By Liesl Bradner
In 1928, William Nickerson Jr., along with Norman Houston and George Beavers, founded the Golden State Mutual Life Insurance Co. in Los Angeles to provide insurance to black people unable to purchase policies from white-owned institutions. The company flourished, evolving into one of the largest black-owned insurance companies west of the Mississippi. Through the years, the company amassed an extensive assemblage of African American art, one of the biggest corporate-owned collections in the nation.
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