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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

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Andrew Tobias
Age: 77
Born: 1947
Born: April 20
Journalist
Writer
First
Profit
Surprisingly
Horror
Automatic
Including
Proposed
Security
Prospect
Recoils
Social
Coverage
Commissions
May
Sales
Eliminates
Firsts
Insurance
Recoil
Matter
Efficient
Lobby

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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.
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