• In a paper read before the insurance commissioners in June last Mr. D. P. Fackler said:
  • Many have grave fears of bad results if the largest companies are allowed to continue to grow indefinitely, and if any fair, person thinks these fears groundless he must certainly admit that he can conceive that some companies might, by some possibility grow to such vast size that their assets and affairs could not be perfectly managed by their officers, supervised by their director. and examined by state insurance officials.

1893 - The Chronicle, v1 - GooglePlay

• 1905 1208 - NYT - Life Insurance Reform:  Legislation Should Be as Simple as Possible--Put on the Brakes!, by David Parks Fackler, Consulting Actuary - [link]    
  • Vice President Perkins of the New York Life truly stated that without issuing a single new policy his Company's assets would soon become one thousand millions. Verily, it is not a theory, but an actual situation that confronts us, and what are we going to do about it?
    • The writer has been urging limitation laws for nearly fifteen years, and believes that laws providing for putting on the brakes when a certain amount of assets is attained are more likely to be obtained and also more likely to be enforced than laws based primarily upon Insurance in force.
    • Laws on the latter basis would affect different companies very unequally. 
    • Checking one company when its assets— the source of danger—were only half as great as those of another company.

  • It would be very desirable to have limitation laws become effective when much less than of assets have been attained, but the writer fears that it may be impracticable to obtain such laws.

    • Limitation in some effective way that will begin to operate immediately, or very soon is the great desideratum.