Kentucky Central Insurance Company

Kentucky Central Life Insurance Company (KCL) was one of the largest Life Insurance companies in the United States, writing policies in 49 states and the District of Columbia until its collapse in 1993. At the time of the collapse Kentucky Central had over $43 billion in life in force making it the seventh largest insurance collapse in United States history, and at the time the largest business collapse in Kentucky history. Kentucky Central was a small regional life insurance company based in Louisville, Kentucky until 1959 when controlling interest in the company was purchased by Garvice Kincaid who was also named CEO of KCL until his death. Already one of the most successful businessmen in Kentucky, Kincaid owned interests in radio...