Gillespie, Frank L.

1876–1925 · Contribution: 1919

Founded Liberty Life Insurance Company, the first Black-controlled legal reserve insurance company in the northern United States

Business & Misc. — collage image
Business & Misc.

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Quick facts

Category
Business & Misc.

Impact on the world

Gillespie brought legal-reserve insurance, real, regulated financial protection, to Black Northerners on fair terms for the first time, seeding an institution that anchored Black economic life in Chicago for decades.

Sources

  1. Gilder Lehrman Institute of American History

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