There is a trend with insurance, that if not regulated, will turn the whole thing into one big rip off.
Please read this article:
It's pretty sad that if you even call up to INQUIRE about making a claim, the insurance company might drop your coverage.
From what I gather, insurance companies invest your premiums in the stock market. Now that the market has tanked, they don't have the money to pay out premiums - so they use every possible trick to avoid doing so.
The insurance companies gambled with your premium money, and the only loser is going to be you.