The Evolution Of Insurance – An Article

The Atlantic of May 7 contains an article titled “Have Insurance Companies Forgotten the Meaning of Insurance?” The article gives a historical overview of the insurance concept and the insurance industry as it has evolved over history, with a particular focus on one company, Libery Mutual.

An excerpt:

Mutuals once operated by a very different moral logic, in which communal advances led to gains for every individual member, and in which individual losses were compensated by communal aid. The community that bore the risks reaped the rewards. Today, Liberty Mutual still aggregates many small premiums into a few large payouts, but its primary beneficiaries are now its own managers. It still rewards its policyholders for minimizing their risks, but now dangles far more lavish rewards before its risk-taking executives.


Should you be involved in a vehicle accident, there are certain actions you should take in order to protect your rights. Elman Law Group has compiled a reference document titled “10 Steps You Should Follow After an Auto Accident.”


Elman Law Group LLC ( concentrates in Personal Injury and Wrongful Death cases involving car accidents as well as other types of transportation-related accidents (bike, bus, motorcycle, pedestrian, truck, etc.). This intense focus, along with decades of experience practicing case law in Illinois, allows us to consistently achieve winning verdicts and settlements for our clients.

If you or a relative have been injured or killed in an accident, call 773-392-8182 at any time for a free consultation to discuss your rights. There is no fee for this consultation.