Show Notes
Murder. Intrigue. And a financial product that bets on the death of people you don't know. Tontines! Welcome to the Insurance vs History Podcast! In this episode, I dig into the rise and fall of the tontine, a unique life insurance product that includes a mortality lottery. How did a financial product build bridges and real estate, fund wars, and even contribute to the French revolution? I'm talking Kings, Insurance Barons, and estimating who would live longest. What could be more exciting? Sources and Links: Books: com: King William's Tontine: Why the Retirement Annuity of the Future Should Resemble its Past (Cambridge Studies in Comparative Politics (Hardcover)): 9781107076129: Milevsky, Moshe A.: Books Milevsky has a nice history of tontines in here, and then a discussion of the math and how he thinks a tontine could work. If you're an actuary, you probably will understand the math, but laypeople likely will not. com: The 100-Year Life: Living and Working in an Age of Longevity eBook : Gratton, Lynda, Scott, Andrew J.: Kindle Store The book that prompted the interest in tontines in Japan. Betting On Lives: The Culture of Life Insurance in England, 1695-1775 (Politics, Culture and Society in Early Modern Britain): Clark, Geoffrey: 9780719056758: Amazon.com: Books Articles: Japan's Aging Population Breathes New Life Into a Centuries-Old Investment Idea - WSJ (behind a paywall, sorry) The Tontine Principle - Historic UK (historic-uk.com) Short overview of using tontines for smaller public works projects or private projects Tontine Thinking - The Actuary Magazine Article by Moshe Milevsky if you don't want to read the book It's sleazy, it's totally illegal, and yet it could become the future of retirement - The Washington Post Well, I wouldn't go exactly that far, but okay, Washington Post, hit that clickbait. The Tontine Coffee House (narratively.com) Alexander Hamilton's Tontine Proposal on JSTOR by Robert M. Jennings, Donald F. Swanson and Andrew P. Trout Tontine Insurance and the Armstrong Investigation: A Case of Stifled Innovation, 1868-1905 on JSTOR by Roger L. Ransom and Richard Sutch Music Credits: Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library Contact Me: [email protected] Website: https://insurancevshistory.libsyn.com Contact me! Twitter: @insurancevshist Instagram: @ insurancevshistory Facebook: Insurance vs History | Facebook
More from Insurance Vs History
Ever wondered how insurance intersects with slavery in America? My latest episode of Insurance vs History dives into the world of life insurance and American slavery. I'll reveal how life insurance on enslaved people helped historians and genealogists uncover stories that few textbooks ever mention. From lost documents to innovative legislation, we'll explore the surprising ways insurance records have brought new transparency to America's past.
Insurance Festivus: Real Grievances, 23 and Me Updates, and Tesla Turmoil Happy Festivus—it's time to air all our insurance grievances! Featuring real listener comments, updates on the 23andMe bankruptcy (cyber insurers, anyone?), and the wild world of Tesla Insurance, this is a great way to close out the year. Selected References: https://apnews.com/article/whistleblower-china-surveillance-tech-silicon-valley-adbd0bcfbb0892bfcb85948acb3f515f https://www.reuters.com/legal/government/tesla-insurance-unit-sued-over-alleged-auto-coverage-underpayments-2025-11-05/ Hire me to speak at your meeting! I can talk about the topic of your choice, or I can talk about the history of insurance and why insurance matters. Reach out for booking info or just to connect at [email protected] Help keep independent podcasts going by contributing to my production costs: See my page at Buy Me a Coffee: Insurance vs History is Exploring all the ways Insurance changed History...or failed to. Website: www.insurancevshistory.com Email: [email protected] LinkedIn: www.linkedin.com/in/meredithbrasher Music Credits: Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library
Insurance CEO Pay: What's Fair, What's History, and What's Next? I started trying to answer one question: is Insurance CEO pay fair? and ended up with a massive project. In this episode, I dig into the history of executive pay, share eye-opening stats from AIG, and ask for your help with figuring out who gets paid what and how that's changed over time. Plus, submit your insurance grievance for inclusion in my holiday Festivus episode! Selected References: 1. https://www.insurancejournal.com/magazines/mag-features/2025/06/16/827459.htm 2. https://www.insurancebusinessmag.com/us/guides/insurance-ceo-salary-how-much-do-executives-of-the-top-insurers-earn-467192.aspx 3. https://consumerfed.org/press_release/insurance-ceos-get-27-salary-and-bonus-bump-while-consumers-see-premium-hikes-and-non-renewals/ 4. https://www.businessinsurance.com/gallery/highest-paid-insurance-executives-2025/ 5. https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/8/neuehealths-mikan-tops-insurtech-ceo-pay-list-in-2024-92202141 6. https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/8/arch-capitals-papadopoulo-tops-pc-insurer-ceo-pay-list-in-2024-92167011
Is Your DNA Safe? Inside 23andMe's Bankruptcy and Insurance Challenges What happens when a company owns your DNA data—and then goes bankrupt? In this episode, I dive into the complicated story of 23andMe, exploring its insurance challenges, genetic data risks, privacy concerns, and the ongoing impact for consumers in today's health and insurance landscape. If you have data with 23andMe or any other consumer focused genetic data company, I strongly suggest you listen. Selected References: https://www.inc.com/magazine/201510/jeff-bercovici/the-dna-whisperer.html 23andMe, Antonio Regalado, MIT Technology Review, Volume 119, No. 4 https://www.fastcompany.com/3052283/how-ceo-anne-wojcicki-turned-23andme-around-after-falling-out-with-the- https://restructuring.ra.kroll.com/23andMe/ (Bankruptcy Documents) Hire me to speak at your meeting! I can talk about the topic of your choice, or I can talk about the history of insurance and why insurance matters. Reach out for booking info or just to connect at [email protected] Help keep independent podcasts going by contributing to my production costs: See my page at Buy Me a Coffee: Insurance vs History is Exploring all the ways Insurance changed History...or failed to. Music Credits: Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library Email: [email protected] LinkedIn: www.linkedin.com/in/meredithbrasher
Tesla's Insurance Gamble: Why Cheaper Isn't Always Better (& What History Teaches Us) Why would Tesla get into the insurance business, and is it really a new idea? In this episode, I explore Tesla's foray into insurance, the bumps they've hit along the way, and why history shows automakers rarely succeed with insurance. Selected References: 1. https://www.propertycasualty360.com/2025/10/06/tesla-insurance-in-trouble-for-claims-mishandling/?kw=Tesla%20insurance%20in%20trouble%20for%20claims%20mishandling&utm_source=email&utm_medium=enl&utm_campaign=newsroomupdate&utm_content=20251006&utm_term=pc360&oly_enc_id&user_id=29a99e396b51ff1e37567d2fe2ef4b2d7540d4c206a60ee86a83e02abf0199f8 2. https://www.insurance.ca.gov/0400-news/0100-press-releases/2025/release064-2025.cfm 3. https://www.reuters.com/investigates/special-report/tesla-insurance/ 4. https://www.insurancebusinessmag.com/us/news/auto-motor/why-has-tesla-insurance-fallen-short-for-some-customers-471754.aspx 5. https://www.insurancethoughtleadership.com/six-things-commentary/why-tesla-insurance-will-flop Hire me to speak at your meeting! I can talk about the topic of your choice, or I can talk about the history of insurance and why insurance matters. Reach out for booking info or just to connect at [email protected] Help keep independent podcasts going by contributing to my production costs: See my page at Buy Me a Coffee: Insurance vs History is Exploring all the ways Insurance changed History...or failed to. Music Credits: Boulangerie by Jeremy Sherman, courtesy of NeoSounds: Boulangerie, LynneMusic | NeoSounds music library Email: [email protected] LinkedIn: www.linkedin.com/in/meredithbrasher