 Insurance companies began locating their West Coast headquarters in Wilshire Center because of tax incentives provided by the State.Some 22 high-rise office buildings were erected on Wilshire Boulevard from 1966 to 1976 to provide office space for such companies as Getty Oil Co., Ahmanson Financial Co., Beneficial Standard Life Insurance, Wausau, and Equitable Life Insurance.The Chapman Park Hotel, built in 1936, was torn down to make way for the 34-story Equitable Plaza office building erected in 1969.