The first life insurance societies where formed in England in the years between 1692 and 1720. In America, life insurance became available to the clergy through the Presbyterian Ministers Fund, founded in 1759(still in existence), and the Episcopal Corporation, founded ten years later (subsequently merged).
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Chapter 14, Too Many Salesman, p. 250Andrew Tobias
» Andrew Tobias - all quotes »
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
In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.
Andrew Tobias
WEINER: Look, the point is very simple, there are inequities in the present way we distribute insurance. There are winners and there are losers. The winners are the insurance industry. [...] There is not bipartisanship on this particular issue. The people who sit on this side, at the risk of offending anyone, generally support the idea of standing up for the American people in their battle against big insurance. And the people generally speaking who sit on this side of the chamber and specifically speaking as well in a lot of cases, simply won’t permit that to happen and haven’t for a generation. Well, that is going to end now. [...] Enough of the phonyness. We are gonna solve this problem because for years our Republican friends have been unable to and unwilling to. Deal with it!" (applause)
Anthony Weiner
Now, the Democrats have a different plan. The Democrats say that: “If you have health insurance, we’re going to make it better. If you don’t have health insurance, we going to provide it to you. If you can’t afford health insurance, then we’ll help you afford health insurance.” So America gets to decide. Do you want the Democratic plan, or do you want the Republican plan? Remember, the Republican plan: "Don’t get sick. And if you do get sick, die quickly.""
Alan Grayson
Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals.
Andrew Tobias
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