"The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society."
Adam Smith

January 1, 1970

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Added on April 10, 2026
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Original Language: English

Sources

Chapter I, Part III, p. 821.

https://en.wikiquote.org/wiki/Adam_Smith