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Showing posts with the label life insurance

Death of a Salesman: 1890s Version

If you've actually looked down here at the body of this blog entry after that headline, congratulations on possessing a baroque sense of curiosity. In 1898 the U.S. Supreme Court considered Ritter v. Mutual Life Ins. Co.   The case arose because a fellow named William M. Runk, a Philadelphia businessman, and an insured of the respondent, had shot and killed himself six years before. Runk was a partner in a dry-goods firm. Not perhaps directly involved in sales, but what little I know of his death reminds me of Arthur Miller's character.  Also, a minor character in the Miller play was about to argue a case of indefinite nature before the Supreme Court, so perhaps Miller was shyly suggesting he knew about Ritter. In this case, and usually in the 1890s, the insured's insurance policy contained no express exclusion for cases of suicide. The law as interpreted by a trial judge held that a sane man's suicide does not warrant an insurance company pay-out, but an insa...

Caro on Johnson

The Federal Lawyer this month ran my review of the fourth volume in Robert Caro's ongoing biography of Lyndon Johnson, the 36th president of the United States. I discuss aspects of the volume not discussed much in the other reviews I've seen, including Johnson's dealings with Bobby Baker and ( through Bobby Baker) with insurance salesman Don Reynolds. Here is a quote from the book (I don't quote it, though I allude to it, in my review): Reynolds told Williams that in 1957, having been advised that a 'political connection' would be helpful in building up his insurance business, he contacted Bobby Baker, a fellow South Carolinian, and they entered into an agreement under which he would make payments to Baker 'because,' as Reynolds was to put it, 'of his social contacts and his wide knowledge of people [whom he] could present to me.' Baker had shortly thereafter introduced him to Walter Jenkins. Johnson, that same year, had mentioned to Bak...