The Birth of Actuarial Science and Life Insurance, Pt. 1

The Birth of Actuarial Science and Life Insurance, Pt. 1

Actuarial science is all about calculating risk – risk of injury, illness, death, risk of market shifts and financial outcomes. Part one covers the earliest population tables and early examples of life insurance and assurance.

Research:

  • Bell, John. “London’s Remembrancer … “ E. Cotes. London. 1665. Accessed online: https://quod.lib.umich.edu/e/eebo2/A27350.0001.001?rgn=main;view=fulltext
  • Bellhouse, David R. “A New Look at Halley’s Life Table.” Journal of the Royal Statistical Society.” 174, Part 3, pp. 823–832. 2011. https://www.medicine.mcgill.ca/epidemiology/hanley/c609/material/BellhouseHalleyTable2011JRSS.pdf
  • Bennetts, N., (2019). MORGAN, WILLIAM (1750 - 1833), actuary and scientist. Dictionary of Welsh Biography. Retrieved 22 Dec 2023, from https://biography.wales/article/s12-MORG-WIL-1750
  • Boyce, Niall. “Bills of Mortality: tracking disease in early modern London.” The Lancet. April 11, 2020. https://doi.org/10.1016/S0140-6736(20)30725-X
  • Chatfield, Michael and Vangermeersch, Richard, "History of Accounting: An International Encyclopedia" (1996). Individual and Corporate Publications. 168.
    https://egrove.olemiss.edu/acct_corp/168
  • CLARK, GEOFFREY. “Life Insurance in the Society and Culture of London, 1700-75.” Urban History, vol. 24, no. 1, 1997, pp. 17–36. JSTOR, http://www.jstor.org/stable/44612859
  • de Roover, Florence Edler. “Early Examples of Marine Insurance.” The Journal of Economic History, vol. 5, no. 2, 1945, pp. 172–200. JSTOR, http://www.jstor.org/stable/2114075
  • Fouse, L. G. “Policy Contracts in Life Insurance.” The Annals of the American Academy of Political and Social Science, vol. 26, 1905, pp. 29–48. JSTOR, http://www.jstor.org/stable/1011003
  • “James Dodson’s tables of premiums, 1756.” Institute and Faculty of Actuaries. https://www.actuaries.org.uk/learn-and-develop/research-and-knowledge/library-services/historical-collections/archive-equitable-life-assurance-society/highlights-equitable-life-archive/james-dodson-s-tables-premiums-1756
  • Eggen, Olin Jeuck. "Edmond Halley". Encyclopedia Britannica, 21 Dec. 2023, https://www.britannica.com/biography/Edmond-Halley
  • Greenwood, Major. “The First Life Table.” Notes and Records of the Royal Society of London. October 31, 1938. Volume 1, Issue 2. https://royalsocietypublishing.org/doi/abs/10.1098/rsnr.1938.0017
  • Harford, Tim. “What makes gambling wrong but insurance right ?” BBC News. March 20, 2017. https://www.bbc.com/news/business-38905963
  • Ivry, David A. “Historical Development of Some Basic Life Insurance Terminology.” The Journal of Insurance, vol. 28, no. 3, 1961, pp. 65–69. JSTOR, https://doi.org/10.2307/250376
  • Lewin, Chris. “The Creation of Actuarial Science.” ZDM – Mathematics Education. 2001. Vol. 33. https://subs.emis.de/journals/ZDM/zdm012i2.pdf
  • Ogborn, M.E. “The Professional Name of Actuary.” Journal of the Institute of Actuaries. 1956. https://web.archive.org/web/20081217144303/http://www.actuaries.org.uk/__data/assets/pdf_file/0020/25382/0233-0246.pdf
  • Rose, I. Nelson. “How Insurance Became (Mostly) Not Gambling.” Gaming Law Review and Economics.Nov 2014.864-872.http://doi.org/10.1089/glre.2014.1892
  • ROWELL, A. H. Journal of the Institute of Actuaries (1886-1994), vol. 88, no. 3, 1962, pp. 387–89. JSTOR, http://www.jstor.org/stable/41139514. Accessed 27 Dec. 2023.
  • Thomas, R., & Chambers, Ll. G., (1959). PRICE, RICHARD (1723-1791), philosopher. Dictionary of Welsh Biography. Retrieved 27 Dec 2023, from https://biography.wales/article/s-PRIC-RIC-1723
  • “Actuary Overview.” Best Jobs. U.S. News and World Report. https://money.usnews.com/careers/best-jobs/actuary
  • Walford, Cornelius. “History of Life Assurance in the United Kingdom.” Journal of the Institute of Actuaries and Assurance Magazine, vol. 25, no. 2, 1885, pp. 114–33. JSTOR, http://www.jstor.org/stable/41135809
  • Walford, Cornelius. “History of Life Assurance in the United Kingdom (Concluded).” Journal of the Institute of Actuaries (1886-1994), vol. 26, no. 6, 1887, pp. 436–65. JSTOR, http://www.jstor.org/stable/41136141
  • Whittle, Matt. “How To Become An Actuary: Responsibilities, Practice Areas And Certifications.” Forbes. Nov. 29, 2022. https://www.forbes.com/advisor/education/become-an-actuary/

See omnystudio.com/listener for privacy information.

Jaksot(2578)

SYMHC Classics: Max von Pettenkofer

SYMHC Classics: Max von Pettenkofer

This 2020 episode talks about how Pettenkofer's ideas about cholera's spread weren’t exactly right, but they still had really beneficial impacts on the way we live.See omnystudio.com/listener for privacy information.

13 Syys 31min

Behind the Scenes Minis: All Things Clean

Behind the Scenes Minis: All Things Clean

Tracy talks about her background writing copy for sanitation and cleaning products. She and Holly also discuss how the implementation of the Wells' recommendations could have prevented a lot of illness.See omnystudio.com/listener for privacy information.

12 Syys 29min

William Firth Wells and Mildred Weeks Wells

William Firth Wells and Mildred Weeks Wells

Husband-and-wife team William Firth Wells and Mildred Weeks Wells conducted research that had the potential to make a big difference in the safety of indoor air. But it didn’t really have a significant impact on public health. Research: Associated Press. “Super-Oyster Is On its Way to Dinner Table Bigger and Better Bivalve Sports Pedigree.” 3/13/1927. https://www.loc.gov/resource/sn84020064/1927-03-13/ed-1/?sp=14 “Brought Back to Texas.” The Houston Semi-Weekly Post. 12/26/1889. https://www.newspapers.com/image/1196039760/ Decatur Daily Review. “Scientists Fight Flu Germs with Violet Ray.” 7/30/1936. https://www.newspapers.com/image/94335504/ Evening Star. “Scientific Trap-shooter.” 6/26/1937. https://www.loc.gov/resource/sn83045462/1937-06-26/ed-1/?sp=7&q=William+Firth+Wells&r=0.668,0.557,0.438,0.158,0 Fair, Gordon M. and William Weeks Wells. “Method and Apparatus for Preventing Infection.” U.S. Patent 2,198,867. https://ppubs.uspto.gov/api/pdf/downloadPdf/2198867 Hall, Dominic. “New Center for the History of Medicine Artifact - Wells Air Centrifuge.” Harvard Countway Library. https://countway.harvard.edu/news/new-center-history-medicine-artifact-wells-air-centrifuge “Incubator Is Now Oyster Nurse.” Washington Times. 10/1/1925. https://www.loc.gov/resource/sn84026749/1925-10-01/ed-1/?sp=12 Lewis, Carol Sutton. “Mildred Weeks Wells’s Work on Airborne Transmission Could Have Saved Many Lives—If the Scientific Establishment Listened.” Lost Women of Science Podcast. Scientific American. 5/22/2025. https://www.scientificamerican.com/article/a-public-health-researcher-and-her-engineer-husband-found-how-diseases-can/ Library and Archives Team. “William Firth Wells and Mildred Weeks Wells.” Washington College. https://www.washcoll.edu/people_departments/offices/miller-library/archives-special-collections/archives-blog/Wells%20papers.php Molenti, Megan. “The 60-Year-Old Scientific Screwup That Helped Covid Kill.” Wired. 5/13/2021. https://www.wired.com/story/the-teeny-tiny-scientific-screwup-that-helped-covid-kill/ Perkins JE, Bahlke AM, Silverman HF. Effect of Ultra-violet Irradiation of Classrooms on Spread of Measles in Large Rural Central Schools Preliminary Report. Am J Public Health Nations Health. 1947 May;37(5):529-37. PMID: 18016521; PMCID: PMC1623610. Randall, Katherine and Ewing, E. Thomas and Marr, Linsey and Jimenez, Jose and Bourouiba, Lydia, How Did We Get Here: What Are Droplets and Aerosols and How Far Do They Go? A Historical Perspective on the Transmission of Respiratory Infectious Diseases (April 15, 2021). Available at SSRN: https://ssrn.com/abstract=3829873 Riley, Richard L. “What Nobody Needs to Know About Airborne Infection.” American Journal of Respiratory and Critical Care Medicine. Volume 163, Issue 1. https://www.atsjournals.org/doi/10.1164/ajrccm.163.1.hh11-00 Simon, Clea. “Did a socially awkward scientist set back airborne disease control?” The Harvard Gazette. 3/7/2025. https://news.harvard.edu/gazette/story/2025/03/did-a-socially-awkward-scientist-set-back-airborne-disease-control/ “Texas State News.” McKinney Weekly Democrat-Gazette. 4/17/1890. https://www.newspapers.com/image/65385350/ WELLS MW, HOLLA WA. VENTILATION IN THE FLOW OF MEASLES AND CHICKENPOX THROUGH A COMMUNITY: Progress Report, Jan. 1, 1946 to June 15, 1949, Airborne Infection Study, Westchester County Department of Health. JAMA. 1950;142(17):1337–1344. doi:10.1001/jama.1950.02910350007004 WELLS MW. VENTILATION IN THE SPREAD OF CHICKENPOX AND MEASLES WITHIN SCHOOL ROOMS. JAMA. 1945;129(3):197–200. doi:10.1001/jama.1945.02860370019006 WELLS WF, WELLS MW. AIR-BORNE INFECTION. JAMA. 1936;107(21):1698–1703. doi:10.1001/jama.1936.02770470016004 WELLS WF, WELLS MW. AIR-BORNE INFECTION: SANITARY CONTROL. JAMA. 1936;107(22):1805–1809. doi:10.1001/jama.1936.02770480037010 Wells, W F, and M W Wells. “Measurement of Sanitary Ventilation.” American journal of public health and the nation's health vol. 28,3 (1938): 343-50. doi:10.2105/ajph.28.3.343 Wells, William Firth and Gordon Maskew Fair. Viability of B. coli Exposed to Ultra-Violet Radiation in Air.Science82,280-281(1935).DOI:10.1126/science.82.2125.280.b Wells, William Firth and Mildred Weeks Wells. Measurement of Sanitary Ventilation American Journal of Public Health and the Nations Health 28, 343_350, https://doi.org/10.2105/AJPH.28.3.343 Zimmer, Carl. “Air-Borne: The Hidden History of the Life We Breathe.” Dutton. 2025. See omnystudio.com/listener for privacy information.

10 Syys 46min

A History of Soap

A History of Soap

All over the world, for all of human history – and probably going back to our earliest hominid ancestors – people have found ways to try to keep themselves clean. But how did soap come about? Research: “Soap, N. (1), Etymology.” Oxford English Dictionary, Oxford UP, June 2025, https://doi.org/10.1093/OED/1115187665. American Cleaning Institute. “Soaps & Detergents History.” https://www.cleaninginstitute.org/understanding-products/why-clean/soaps-detergents-history Beckmann, John. “History of Inventions, Discoveries and Origins.” William Johnston, translator. Bosart, L.W. “The Early History of the Soap Industry.” The American Oil Chemists' Society. Journal of Oil & Fat Industries 1924-10: Vol 1 Iss 2. Cassidy, Cody. “Who Discovered Soap? What to Know About the Origins of the Life-Saving Substance.” Time. 5/5/2020. https://time.com/5831828/soap-origins/ Ciftyurek, Muge, and Kasim Ince. "Selahattin Okten Soap Factory in Antakya and an Evaluation on Soap Factory Plan Typology/Antakya'da Bulunan Selahattin Okten Sabunhanesi ve Sabunhane Plan Tipolojisi Uzerine Bir Degerlendirme." Art-Sanat, no. 19, Jan. 2023, pp. 133+. Gale Academic OneFile, dx.doi.org/10.26650/artsanat.2023.19.1106544. Accessed 18 Aug. 2025. Costa, Albert B. “Michel-Eugène Chevreul.” Encyclopedia Britannica. https://www.britannica.com/biography/Michel-Eugene-Chevreul Curtis, Valerie A. “Dirt, disgust and disease: a natural history of hygiene.” Journal of epidemiology and community health vol. 61,8 (2007): 660-4. doi:10.1136/jech.2007.062380 Dijkstra, Albert J. “How Chevreul (1786-1889) based his conclusions on his analytical results.” OCL. Vol. 16, No. 1. January-February 2009. Gibbs, F.W. “The History and Manufacture of Soap.” Annals of Science. 1939. Koeppel, Dan. “The History of Soap.” 4/15/2020. https://www.nytimes.com/wirecutter/blog/history-of-soap/ List, Gary, and Michael Jackson. “Giants of the Past: The Battle Over Hydrogenation (1903-1920).” https://www.ars.usda.gov/research/publications/publication/?seqNo115=210614 Maniatis, George C. “Guild Organized Soap Manufacturing Industry in Constantinople: Tenth-Twelfth Centuries.” Byzantion, 2010, Vol. 80 (2010). https://www.jstor.org/stable/44173107 National Museum of American History. “Bathing (Body Soaps and Cleansers).” https://americanhistory.si.edu/collections/object-groups/health-hygiene-and-beauty/bathing-body-soaps-and-cleansers New Mexico Historic Sites. “Making Soap from the Leaves of the Soaptree Yucca.” https://nmhistoricsites.org/assets/files/selden/Virtual%20Classroom_Soaptree%20Yucca%20Soap%20Making.pdf “The history of soapmaking.” 8/30/2019. https://www.open.edu/openlearn/history-the-arts/history/history-science-technology-and-medicine/history-science/the-history-soapmaking Pliny the Elder. “The Natural History of Pliny. Translated, With Copious Notes and Illustrations.” Vol. 5. John Bostock, translator. https://www.gutenberg.org/files/60688/60688-h/60688-h.htm Pointer, Sally. “An Experimental Exploration of the Earliest Soapmaking.” EXARC Journal. 2024/3. 8/22/2024. https://exarc.net/issue-2024-3/at/experimental-exploration-earliest-soapmaking Ridner, Judith. “The dirty history of soap.” The Conversation. 5/12/2020. https://theconversation.com/the-dirty-history-of-soap-136434 Routh, Hirak Behari et al. “Soaps: From the Phoenicians to the 20th Century - A Historical Review.” Clinics in Dermatology. Vol. No. 3. 1996. Smith, Cyril Stanley, and John G. Hawthorne. “Mappae Clavicula: A Little Key to the World of Medieval Techniques.” Transactions of the American Philosophical Society, vol. 64, no. 4, 1974, pp. 1–128. JSTOR, https://doi.org/10.2307/1006317. Accessed 18 Aug. 2025. Timilsena, Yakindra Prasad et al. “Perspectives on Saponins: Food Functionality and Applications.” International journal of molecular sciences vol. 24,17 13538. 31 Aug. 2023, doi:10.3390/ijms241713538 “Craftsmanship of Aleppo Ghar soap.” https://ich.unesco.org/en/RL/craftsmanship-of-aleppo-ghar-soap-02132 “Tradition of Nabulsi soap making in Palestine.” https://ich.unesco.org/en/RL/tradition-of-nabulsi-soap-making-in-palestine-02112 “Soaps.” https://www.fs.usda.gov/wildflowers/ethnobotany/soaps.shtml van Dijk, Kees. “Soap is the onset of civilization.” From Cleanliness and Culture. Kees van Dijk and Jean Gelman Taylor, eds. Brill. 2011. https://www.jstor.org/stable/10.1163/j.ctvbnm4n9.4 Wei, Huang. “The Sordid, Sudsy Rise of Soap in China.” Sixth Tone. 8/11/2020. https://www.sixthtone.com/news/1006041 See omnystudio.com/listener for privacy information.

8 Syys 39min

SYMHC Classics: John Dalton

SYMHC Classics: John Dalton

This 2021 episode covers John Dalton, famous for his work in atomic theory. But he wrote one of the first thorough descriptions of what he called “anomalous vision” – he realized he wasn’t perceiving color the same way as other people. See omnystudio.com/listener for privacy information.

6 Syys 34min

Behind the Scenes Minis: Jane and the Clicker

Behind the Scenes Minis: Jane and the Clicker

Holly talks about nebulous passages in the writing of Jane Croly and her brother. Tracy and Holly talk about watching TV as children. See omnystudio.com/listener for privacy information.

5 Syys 30min

TV Remotes

TV Remotes

The initial time period where a TV remote control was developed was pretty short. And it shows how two different people perceive their work, and how that work is perceived differently over time by their employer. Research: Adler, R. “Control System.” Dec. 17, 1957. U.S. Patent Office. https://patentimages.storage.googleapis.com/9a/fb/1a/619d2580b08526/US2817025.pdf AFX News. “COMPANY NEWS; MOTOROLA TO BUY ZENITH ELECTRONICS NETWORK SYSTEMS.” New York Times. July 20, 2000. https://www.nytimes.com/2000/07/20/business/company-news-motorola-to-buy-zenith-electronics-network-systems.html Benson-Allott, Caetlin. “Remote Control.” Bloomsbury Academic. 2015. Dowling, Stephen. “The Surprising Origins of the TV Remote.” BBC. Aug. 31, 2018. https://www.bbc.com/future/article/20180830-the-history-of-the-television-remote-contro Fox, Margalit. “Eugene Polley, Conjuror of a Device That Changed TV Habits, Dies at 96.” New York Times. May 22, 2012. https://www.nytimes.com/2012/05/23/business/eugene-t-polley-inventor-of-the-wireless-tv-remote-dies-at-96.html Gertner, Jon. “A Clicker Is Born.” New York Times Magazine. Dec. 30, 2007. https://www.nytimes.com/2007/12/30/magazine/30Adler-t.html Gregory, Ted. “Remote’s Inventor Hopes to Push Buttons of History.” Press of Atlantic City. Feb. 5, 2006. https://www.newspapers.com/image/926298372/?match=1&terms=eugene%20polley “Heritage.” Zenith. https://zenith.com/heritage/ “Man who glued TV watchers to the couch dies.” Cnn.com (via AP). Feb 16, 2007. https://web.archive.org/web/20070219040307/http://edition.cnn.com/2007/US/02/16/obit.remote.control.ap/index.html “Now … a Flash of Light Without wires!” (Advertisement.) The Salt Lake Tribune. Nov. 20, 1955. https://www.newspapers.com/image/598655702/?match=1&terms=Flash-matic Polley, Eugene J. “Control System.” U.S. Patent Office. Sept. 8, 1959. https://patentimages.storage.googleapis.com/f7/02/b1/5716b40ac9c0fc/US2903575.pdf “Robert Adler.” National Inventors Hall of Fame. https://www.invent.org/inductees/robert-adler “Robert Adler - TV Wireless Remote.” Lemelson-MIT. https://lemelson.mit.edu/resources/robert-adler Schofield, Jack. “Eugene Polley Obituary.” The Guardian. May 23, 2012. https://www.theguardian.com/technology/2012/may/23/eugene-polley Slodysko, Brian. “Eugene Polley dies at 96; inventor of wireless TV remote control.” May 23, 2012. https://www.latimes.com/local/obituaries/la-me-eugene-polley-20120523-story.html Stroh, Michael. “The Couch Potato’s Best Friend.” Baltimore Sun. Nov. 22, 2006. https://www.newspapers.com/image/173151815/?match=1&terms=eugene%20polley “TV remote control inventor Eugene Polley dies at 96.” BBC. May 22, 2012. https://www.bbc.com/news/world-us-canada-18164200 “You have to see it to believe it!” (Advertisement.) Syracuse herald-Journal. Sept. 27, 1955. https://www.newspapers.com/image/1088093208/?match=1&terms=Flash-matic “Zenith Space Command …” Evening World Herald/ Dec. 26, 1956. https://www.newspapers.com/image/883665550/?match=1&terms=%22Space%20Command%22 See omnystudio.com/listener for privacy information.

3 Syys 42min

Jane Cunningham Croly, aka Jennie June

Jane Cunningham Croly, aka Jennie June

Jane Cunningham Croly, who wrote under the pen name Jennie June, was a journalist who advocated for equality for women. She is most well known for founding one of the earliest clubs for women in the U.S. Research: Croly, Jennie June. “Jennie June's American Cookery Book, Containing Upwards of Twelve Hundred Choice and Carefully Tested Receipts.” Excelsior. 1878. https://www.google.com/books/edition/Jennie_June_s_American_Cookery_Book_Cont/enEEAAAAYAAJ?hl=en&gbpv=0 Croly, J.C. “Sorosis: Its Origin and History.” New York. J.J. Little & Co. 1886. Accessed online: https://archive.org/details/sorosisitsorigin00crol/page/n3/mode/2up Croly, J.C. “Thrown on her own resources, or, What girls can do.” New York. T.Y. Crowell & Co. 1891. https://catalog.hathitrust.org/Record/100170730 Croly, J.C. “The history of the woman's club movement in America.” New York. H.G. Allen. 1898. https://archive.org/details/historywomanscl00clubgoog/page/n10/mode/2up “The Dickens Dinner.” Louisville Daily Courier. April 19, 1868. https://www.newspapers.com/image/119304180/?match=1&terms=%22Jennie%20June%22%20press%20club%20dickens https://web.archive.org/web/20120120014321/http://www.gfwc.org/gfwc/Jane_Cunningham_Croly.asp “Jane Cunningham Croly.” General Federation of Women’s Clubs. https://web.archive.org/web/20120120014321/http://www.gfwc.org/gfwc/Jane_Cunningham_Croly.asp “Jane Cunningham Croly.” National Women’s Hall of Fame. https://www.womenofthehall.org/inductee/jane-cunningham-croly/ “Jane Cunningham (“Jennie June”) Croly.” Ebsco. https://www.ebsco.com/research-starters/womens-studies-and-feminism/jane-cunningham-jennie-june-croly “Our Mission.” General Federation of Women’s Clubs. https://www.gfwc.org/who-we-are/ “Rockford Register (Rockford, Ill.) 1855-187?” Library of Congress. https://www.loc.gov/item/sn82014331 Morse, Caroline M., ed, and Woman’s Press Club of New York City, “Memories of Jane Cunningham Croly, ‘Jenny June,’” Produced by Ari J Joki and PG Distributed Proofreaders. Accessed online: https://www.gutenberg.org/cache/epub/12099/pg12099-images.html “The New York Sorosis.” The Charleston Daily News. Nov. 5, 1868. https://www.newspapers.com/image/87596013/?match=1&terms=sorosis Puchko, Kristy. “Journalist Jennie June Was "Having It All" in the 19th Century.” Mental Floss. April 14, 2015. https://www.mentalfloss.com/article/62964/journalist-jennie-june-was-having-it-all-19th-century “The Sorosis Lunch.” Chicago Evening Post. Sept. 28, 1868. https://www.newspapers.com/image/668238331/?match=1&terms=sorosis “Sorosis.” Leavenworth Daily Commercial. Aug. 11, 1868. https://www.newspapers.com/image/425238609/?match=1&terms=sorosis See omnystudio.com/listener for privacy information.

1 Syys 35min

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