There have been enough headlines, lawsuits and regulatory concern in recent years to give us pause. Here's just a sample:
- Nearly two years after Hurricane Katrina inflicted a record-setting $66 billion in insured losses -- more than the toll of Hurricane Andrew, the Sept. 11 attacks and the Northridge, Calif., earthquake combined -- thousands of policyholders who thought they had full coverage are still bickering with their insurers over whether wind or water destroyed their homes.
- Blue Cross and Kaiser Foundation Health Plan were both recently assessed regulatory fines for "wrongful recession" -- illegally withdrawing individual insurance coverage from people after they got sick. Critics say the companies scoured the consumers' applications for minor errors or omissions to use as an excuse for ending their coverage.