Andrew Tobias: First

Andrew Tobias is American journalist. Explore interesting quotes on first.
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“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”

Andrew Tobias

subsequently merged
Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 14, Too Many Salesman, p. 250.

Life

“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.”

Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 4, Tell Us The Odds, p. 63-64.

“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

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 5, Not Invented Here, p. 87.

Housing

“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

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 7, The Battle II, p. 112.

Life