“I really have some luggage in my head. If only there were insurance companies for that as there are for so many things here, there's a bale I should insure at once.”

— Edgar Degas

J'ai vraiment, un vrai bagage dans la tête. S'il y avait pour cela, comme il y a partout ici, des compagnies d'assurance, voilà un ballot je ferais assurer de suite.
Quote from a letter to James Tissot, (New Orleans, 1873), as cited in Marilyn Brown, Degas and the Business of Art: A Cotton Office in New Orleans (Penn State Press, 1994)
1855 - 1875

Adopted from Wikiquote. Last update June 3, 2021. History

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Do you have more details about the quote "I really have some luggage in my head. If only there were insurance companies for that as there are for so many things …" by Edgar Degas?

Edgar Degas67

French artist 1834–1917

Gerry Spence (1929) American lawyer

As quoted in Humanscape : Environments for People (1987), by Rachel Kaplan and Stephen Kaplan, p. 97

“There are only two things as complicated as insurance accounting and I have no idea what they are.”

Andrew Tobias (1947) American journalist

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 2, By Popular Demand: A very Short Chapter On Insurance Accounting, p. 26.

“Insurance companies nowadays apply the principle of so-called 'selection by insurance'; this means that they take into consideration the fact that persons who enter early into insurance contracts are on the average of a different type and have a different distribution of death ages from persons from persons admitted to the insurance at a more advanced age.”

Richard von Mises (1883–1953) Austrian physicist and mathematician

First Lecture, The Definition of Probability, p. 18
Probability, Statistics And Truth - Second Revised English Edition - (1957)

“There are information asymmetries in this story. Health insurance is limping along. It's limited in scope, and then you other consequences. Insurance companies have high premiums to protect themselves. The ones who come to the insurance company are sicker and the people have to pay more. You have adverse selection. You have moral hazard. And the doctor does what's on the safe side -- defensive medicine -- without regard to cost. These are fundamental conditions that make health insurance difficult. You have some things that help. Some doctors understand that they shouldn't abuse the system. But you still see problems in the way doctors behave towards patients. They goof off. Sometimes it's too much work. Some things are difficult and risky to diagnose.”

Kenneth Arrow (1921–2017) American economist

quoted in Conor Clarke, An Interview with Kenneth Arrow, Part Two https://www.theatlantic.com/politics/archive/2009/07/an-interview-with-kenneth-arrow-part-two/22279/ (2009) <br class="br">New millennium

“In banking or insurance trust is the only thing you have to sell.”

Patrick Dixon book Futurewise

Futurewise (1998)

“The whole financial basis of insurance would be questionable if it were possible to change the relative frequency of the occurrence of the insurance cases (deaths, etc.) by excluding, for example, every tenth one of the insured persons, or by some selection principal.”

Richard von Mises (1883–1953) Austrian physicist and mathematician

First Lecture, The Definition of Probability, p. 26
Probability, Statistics And Truth - Second Revised English Edition - (1957)

“I detest life-insurance agents: they always argue that I shall some day die, which is not so.”

Stephen Leacock Literary Lapses

Insurance up to Date
Literary Lapses (1910)

“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 (1947) American journalist

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

“Think of the federal government as a gigantic insurance company (with a sideline business in national defense and homeland security), which does its accounting on a cash basis, only counting premiums and payouts as they go in and out the door. An insurance company with cash accounting... is an accident waiting to happen.”

Peter R. Fisher (1956) American treasury official

While under secretary of the U.S. Treasury in 2002; frequently short-handed as "an insurance company with an army." A Fiscal Train Wreck, Paul, Krugman, Paul Krugman, March 11, 2003, The New York Times http://www.nytimes.com/2003/03/11/opinion/a-fiscal-train-wreck.html, <br class="br"> How government is like insurance, June 28, 2011, Thomas F., Schaller, Baltimore Sun http://articles.baltimoresun.com/2011-06-28/news/bs-ed-schaller-20110628_1_unemployment-insurance-premiums-government-insurance, <br class="br"> Who First Said the US is 'An Insurance Company with an Army'?, Economist's View, Mark, Thoma, January 17, 2013 http://economistsview.typepad.com/economistsview/2013/01/who-first-said-the-us-is-an-insurance-company-with-an-army.html,

“The only way you’re going to pay for it is not by saddling business. All you do by forcing business to pay for health care or passing a law telling people they have to go buy insurance, which is a subsidy for the insurance companies, all these plans are going backwards.”

Mike Gravel (1930–2021) American politician; United States Senator

Huffington post Mash-up: 2007 Democratic Online Debate
Source: https://www.huffpost.com/entry/mashup-transcript-mike-gr_n_64318

“I really have some luggage in my head. If only there were insurance companies for that as there are for so many things here, there's a bale I should insure at once.”

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