How Insurance Saved Banks from Losing $250 Million During Prohibition
- Posted by Lapointe Insurance
- On October 3, 2017
Many stories have been written about the Eighteenth Amendment to the constitution and its eventual repeal 13 years later. Most agree that the results of “prohibition” were disastrous. Federal tax revenues plummeted, hospitality businesses foundered, and criminal enterprises flourished. One side of the story that rarely gets discussed however is how insurance and banking played […]
Read More