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Workmen’s compensation funds existed in 18 states in the beginning. In seven of these states, the fund was monopolistic; that is, every employer oper­ating under the workmen’s compensation act was required to insure in the fund. In two of these seven states, self-insurance was permitted under certain conditions. In the remaining 11 states, state funds operated side by side with private carriers in competition ...Workmen's Compensation Funds

What was behind the extraordinary success of the Metropolitan Life Insurance Company’s ordinary business plan? In the interplay of a number of fortunate factors, probably the most important was the wise decision of Mr. Fiske to concentrate on the insurance needs of people of moderate means through the issue of ordinary policies on the nonparticipating plan. This was a complete departure from the prevailing practice ...The Insurance Needs of the People as a Whole