The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
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Chapter 9, Too Much Insurance, p. 155Andrew Tobias
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Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals.
Andrew Tobias
The first known life insurance contract was written in 1536 on the life of a British merchant, William Gybbons, for a term of one year. Gybbons died shortly before the policy was to expire, but the insurers refused the claim. They held that that Gybbons had indeed survived "twelve months" - twelve lunar months (of 28 days). The insurers were taken to court and ordered to pay.
Andrew Tobias
The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carolina, in 1735.
Andrew Tobias
WEINER: Y'know, You gotta love these Republicans. I mean, you guys have chutzpah. The Republican Party is the wholly owned subsidiary of the insurance industry. They say this isn’t going to do enough, but when we propose an alternative to provide competition, they’re against it. They say we want to strengthen state insurance commissioners and they'll do the job. But when we did that in our national health care bill, they said we're against it. They said we want to have competition but when we proposed requiring competition they're against it. They’re a wholly owned subsidiary of the insurance industry. That’s the fact!
Anthony Weiner
In banking or insurance trust is the only thing you have to sell.
Patrick Dixon
Tobias, Andrew
Tobin, John
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