Consumers distrustful of insurance companies

1 in 3 Americans believe insurance companies treat policy holders unjustly.


NEW YORK (CNNMoney.com) -- One in seven Americans or a member of their family have had trouble with an insurance claim within the past two years, according to a new survey by Money Magazine and market research firm ICR.

The survey showed that 8 percent said they either had a claim unjustly denied or one that had required several months of effort to resolve.

One in three believe insurance companies treat policyholders unjustly, the survey revealed.

Men feel this way more than women (37 percent to 26 percent), while Southerners are more likely to feel unjustly treated compared to people in the Northeast (36 percent to 22 percent).

Six percent said they received a settlement lower than what they deserved.

People who had experienced difficulty with a claim are twice as likely to believe that insurance companies treat their policyholders unfairly (58 percent to 27 percent).

The Money/ICR poll was conducted by telephone with a nationally representative sample of 1,012 Americans between January 12-16th, 2007. The margin of error was plus or minus 3.1 percentage points.

------------------------------------------------------------------------------------

What Bush's health plan means to you

Is Your Life too Risky?

50 Ways to Cut Your Health-Care Costs Top of page

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.