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behaved to people who aren't as educated as you are and who haven't got the advantages that you have had. It never occurred to him that a man who had had the advantages of good education and an opportunity to know what was going on in the world would fool a poor old man like him. There were several cases like that. This old man happened to have said it more picturesquely than anybody else, and therefore it's impressed on my mind forever - “They were educated men!” - but there were a great many such cases dug up.
There was also a great deal of delay in the payment of cases - a terrific delay between the date of the accident and the date of the first payment. And of course the insurance companies after all are always making interest on the money so long as they don't pay it out. There's an interest accumulation and it's not to their advantage to pay it out promptly. It's very much to the claimant's disadvantage if he doesn't get his money promptly.
There was a great deal of folly about allowing lump sum settlements of permanent disabilities to an injured man without any regard as to whether he had the opportunity to use it wisely. There were lump sum settlements made to widows on death claims when there was just no program at all that would justify it. The insurance was supposed to support the widow and her children during the period of their
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