Notes
1. Data cited are from Insurance Information Institute, The Insurance Fact Book 2015 (New York: Insurance Information Institute, 2015), p.v.
2. American Council of Life Insurance, 2014 Life Insurers Fact Book, Table 1.1.
3. The Insurance Fact Book 2015, p. v.
4. Chen, Lih Ru, and Michael J. McNamara. “An Examination of the Relative Efficiency of Fraternal Insurers,” The Journal of Insurance Issues, Spring 2014, pp. 1–31.
5. Edward E. Graves (Ed.), McGill’s Life Insurance, 9th ed. (Bryn Mawr, PA: The American College, 2013), pp. 22.9–22.11.
6. This section is based on Lloyd’s of London at lloyds.com; Lloyd’s Quick Guide 2011, An Introduction to Who We Are and What We Do, May 2011; Lloyds Annual Report 2013; and Lloyd’s of London, ...
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