Armstrong Investigation

Armstrong Investigation

An investigation into abuse and fraud that occurred in the New York State insurance industry in the early 20th century. The investigation was undertaken in 1905 and led to stricter regulation of the industry; for example, after the Armstrong investigation, insurance companies were required to put their policies' benefits in language a potential policyholder could understand.
References in periodicals archive ?
However, events such as the 1905 Armstrong Investigation and the Great Chicago Fire of 1871, "which left people unwilling to invest in insurance companies--which they saw as risky businesses," eventually changed that, said Joseph M.
The Armstrong Investigation also helped spur the mutual movement.
business practices since at least the Armstrong investigation of the insurance industry in 1905-06.
The threats based on the Armstrong investigation came recently, and Tygart said: "That resulted in three death threats, all made by individuals, I think.
The consumer dissatisfaction they generated contributed to the 1905 Armstrong investigation, which led to stricter supervision of the insurance industry by New York and other state insurance departments.