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American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services.
One Moody Plaza is also known as the American National Insurance Company Building, named for a company founded by William Lewis Moody in 1905. The insurance company employed 70 people in its Galveston office by in 1912, a number that increased to 500 by 1928, when it had already acquired 27 other insurance companies.
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Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
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