Oliver Wendell Holmes, Jr., Carroll v. Greenwich Insurance Company of New York…
“ If, in the judgment of the state, the people who desire insurance upon their property are put at a disadvantage when confronted by a combination or agreement among insurance companies, I do not perceive any sound reason why, preserving the individual right of contracting, it may not forbid such combinations and agreements, and thereby enable the insured and insurer to meet on terms of equality. ”
Oliver Wendell Holmes, Jr., Carroll v. Greenwich Insurance Company of New York…
“ The bill sets forth the necessity for every insurance company to gather all the experience available into one mass, and to analyze and classify it scientifically in order to ascertain the true value of risks, and that it will add greatly to the expense if each company is required to employ a separate person to do the work. It charges, upon information and belief, that if the plaintiffs attempt to combine their experience and to employ the same person to analyze it, the auditor will summon them and revoke their authority to do business in the state. ”
Oliver Wendell Holmes, Jr., Carroll v. Greenwich Insurance Company of New York…
“ If the legislature of the state of Iowa deems it desirable artificially to prevent, so far as it can, the substitution of combination for competition, this court cannot say that fire insurance may not present so conspicuous an example of what that legislature thinks an evil as to justify special treatment. ”
