Re:Insurance Policies on Slaves: New York Life’s Complicated...
by tzs on Monday December 19, 2016 @10:38PM
(#13217268)
Why are you assuming that when mzw_mzw said that these policies only accounted for "some sliver of its annual income", he was referring to this from the article:
> But by 1847, insurance policies on slaves accounted for a third of the policies in a firm that would become one of the nation’s Fortune 100 companies
rather than the part of the article that actually mentioned income, namely this:
> Its foray into the slave insurance business did not prove to be lucrative: The company ended up paying out nearly as much in death claims — about $232,000 in today’s dollars — as it received in annual payments
> But by 1847, insurance policies on slaves accounted for a third of the policies in a firm that would become one of the nation’s Fortune 100 companies
rather than the part of the article that actually mentioned income, namely this:
> Its foray into the slave insurance business did not prove to be lucrative: The company ended up paying out nearly as much in death claims — about $232,000 in today’s dollars — as it received in annual payments
?