by Charlene Muhammad
LOS ANGELES (FinalCall.com)�On May 1, the California Department of
Insurance (CDI) released a report detailing the names of eight
California insurance companies, or their predecessor companies, which
operated during the slavery era and sold insurance policies on slaves.
The 81-page document stemmed from a CDI industry survey under Senate
Bill 2199 ("Slavery Era Insurance Policies"), which calls for all
California insurance companies to make public information relative to
all slave insurance policies written by them, or companies they
acquired, which operated during the slavery era.
According to CDI, of all the insurance carriers notified last
January, 92 percent have complied with the state directive.
Responding companies were ACE USA for predecessors Insurance Company
of North America (ICNA) and Aetna Fire; AETNA for Aetna Life Insurance
Company (ALIC); AIG for predecessor United States Life Insurance
Company, Manhattan Life; New York Life for predecessors Nautilus
Insurance Company, Penn Mutual, Providence Washington, and Royal & Sun
Alliance.
According to CDI�s report, Penn Mutual and Providence Washington
responded that neither they, nor acquired companies, insured slaves.
CDI�s report includes a registry, which lists the names of slaves,
slaveholders, the reporting insurance company and other identifying
information about slaves. The report was released to the press, made
available for public viewing at CDI�s Viewing Rooms in San Francisco and
Los Angeles, as well as posted on their Web site at www.insurance.ca.gov.
One entry submitted by Aetna Life Insurance Company was a policy
dated January 13, 1860, which insured a 19-year-old slave named Henry
for slaveholder Charles Meyer. It listed Henry�s coverage for work as a
blacksmith.
New York Life reported that of its predecessor�s first 1,000
policies, 339 were on the lives of slaves, for about $500 or less, and
for a one-year term. The company provided a list of 484 names of slaves
and 233 names of slaveholders.
New York Life, the report further indicated, stated that it abhors
the practice of slavery and profoundly regrets that its predecessor was
associated in any way with that contemptible practice for even a brief
period of time.
From A-Z, the lists scrolled on and on with numerous first, and
sometimes last, names of men, women, and children disconnected from
their families and heritage due to the trans-Atlantic slave trade over
400 years ago.
Beyond furthering the establishment of all parties involved in, and
who profited from the tragedy of the slave trade, local advocates for
reparations say the documents will ease the task of slave descendants in
tracking their lineage. They further said that although they viewed the
action as a step in the right direction, it is just the tip of the
iceberg.
"This really lays the foundation that really shows how deep the slave
trade and slave profits are interwoven into the economy of America,
starting with the insurance companies," said Pastor M. Andrew Robinson
Gaither of Southwest L.A.�s Faith United Methodist Community Church.
Insurance companies profit well, but the degree of economic growth on
the backs of slaves is unimaginable, observers said.
The fact-findings provide more ammunition against reparations
opponents, advocates say; however, with or without them, the suffering
caused by slavery cannot be denied by anyone, or otherwise.
Morris "Big Money Griff" Griffin, the founder and coordinator of
L.A.-based N�Crew (National Coalition for Reparations and Economic
Wealth), does not care what "sell-outs" have to say about whether Blacks
deserve reparations or not.
"The Japanese, the Jews, the Indians, are no better than Black
African Americans who made America the richest country in the world.
America got rich off the backs of Blacks and no bootlicking Negro is
going to tell us that Black, African American descendents of slaves
don�t deserve reparations," he stated.
Mr. Griffin said N�Crew is a Black, proactive reparations education
group that has been operating for over 5 years now.
"The California Insurance Commissioner�s report on slave-era policies
is another revelation of the myriad roles that the insurance industry
played in slavery, segregation and discrimination in our nation�s
history. While the report identifies eight companies, the involvement
and impact of the insurance industry and slave-era policies is much
broader," stated Reverend Jesse L. Jackson, Sr. in a release from
Rainbow/PUSH headquarters.
He said that the Rainbow/PUSH Coalition will increase its advocacy
for diversity and inclusion, specifically targeting the insurance
industry.
Rainbow/PUSH offered suggestions for a national review of the
insurance industry, including an economic impact of premiums for
slavery-era policies; an examination of broader policy issues from
slavery era insurance to race-based insurance practices; a call to
Congress and state legislatures to initiate public inquiries on
slave-era policies with similar legislation in respective states; the
release of any actual policies or copies to local Black historical
museums nationwide; allowing descendants to effectively track family
histories and genealogy reviews; allowing all Blacks to understand the
origin and realities of the slave trade; and acknowledge that pursuing
these avenues and resources is not reparations, but recovery of economic
violations.
Pastor Gaither said it is a must that today�s current population of
Whites shoulder the responsibility of reparations, because they have
reaped the rewards of what slavery has brought to America.
"Reparations speaks to the role that Blacks played in America, where
we�ve never gotten paid. We�ve never gotten the 40 acres and a mule.
This is a second opportunity, I think, to reclaim that. � I think it is
incumbent upon us during these economic times to challenge the system to
rise to the occasion," Rev. Gaither stated.