ALERT:   Life insurance prices plunge to all-time lows Save time and money with Insure.com

Articles Index
Instant Insurance
Quotes

Compare rates of
leading companies
in seconds.
Auto, life, health,
home, dental and
more.

www.insure.com
Instant Online Quotes!
Instant Online Quotes!

Receive Newsletter: Weekly Updates Plus News Alerts
Add Insure.com to your Favorites insure.com Services




British Citizens may wish to visit Quotelinedirect.com British Citizens:
Click Here

Canadian Citizens - Click Here Canadian Citizens:
Click Here


Business Insurance Quotes
Instant Business Insurance Quotes
Survey finds Americans unsure about the benefits of class
action lawsuits
By Insure.com

A survey shows that most consumers favor class action lawsuits, but are skeptical of the effects of large monetary awards to plaintiffs, including their effect on the cost of insurance and on the number of uninsured people. The study was released Jan. 31, 2001, by a group opposing class action liability lawsuits against insurers, manufacturers, and tobacco companies.

Class action lawsuits are legal actions filed by an individual or a small group on behalf of a larger group who share an interest in an alleged wrongdoing by a corporation.

The American Tort Reform Association (ATRA) surveyed 601 Connecticut registered voters about their attitudes toward class action lawsuits, including the issues of attorney contingency fees, the number of such lawsuits brought against corporations, and the large punitive damage awards made in some class action lawsuits.

Among the findings:

  • 61 percent of voters favor class action lawsuits, while 26 percent oppose them.
  • 50percent believe there are too many class action lawsuits today.
  • 64 percent agree that class action lawsuits against health insurance providers raise the price of health insurance. Fewer people — 49 percent — agreed that class action lawsuits against car manufacturers raise the price of cars, and 55 percent agree that lawsuits against gun manufacturers raise the price of guns.
  • 56 percent believe that class action lawsuits against health insurance companies can lead to more uninsured Americans. Fifty-three percent believe they would be able to keep their current health insurance if the cost of health care were to increase.
  • 66 percent believe class action lawsuits benefit lawyers more than plaintiffs; 25 percent believe that plaintiffs benefit more than lawyers.
  • 68 percent agree that class action lawsuits lead to improved quality of goods and services. People with lower household incomes were more likely to agree with this statement.

 

Last Updated Feb. 17, 2005
Related Articles

How an insurance class action settlement is taxed

How class action suits work

Contact Us
  We're here 24x7 every day
  Free Expert Help:
1-800-324-6370
Now over 200 companies

  Auto Insurance
Get Quote
  Life Insurance
Get Quote
  Health Insurance
Get Quote
  No-Exam Life Insurance
Get Quote
  Homeowners,Condo &
  Renters Insurance
Get Quote
  Long-Term Care
  Insurance
Get Quote
Other Health Insurance
  Dental Insurance
Get Quote
  One-Employee
Get Quote
  Life Insurance For
  Children
Get Quote
  Accidental Death Life
  Insurance
Get Quote
More
  Travel Insurance
Get Quote
Business Insurance
  Workers Compensation
Get Quote
  Business Property
Get Quote
  Comm'l General Liability
Get Quote
  Business Auto
Get Quote
  Employment Services
Get Quote
  Bonds
Get Quote
Copyright 1995-2008
About Us  |  Contact Us  |  Press Releases   |  Careers  |  The best privacy policy  |   Advertise with us  |   Site Map  |  Life Insurance  |   Car Insurance