“Not surprisingly, the insurance lobby recoils in horror at the prospect of automatic coverage (including, when it was first proposed, Social Security), no matter how efficient it may be. Automatic coverage eliminates sales commissions and profit.” FirstsMayMatterSocialSecurityHorrorIncludingProfitEfficientSocial SecurityCoverageRecoil Author: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.” FirstsHouseCompanyFireTownsSouthFriendlyMutualCarolinaInsurance CompaniesSouth Carolina Author:Andrew Tobias
“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).” YearsFirstsStillsAmericaExistenceTenEnglandAvailableCorporationsMinistersFundClergyPresbyterians Author:Andrew Tobias
