Business Archives - Oklahoma Watch http://oklahomawatch.org/category/business/ No Favorites No Falsehoods No Fear Mon, 05 Jan 2026 16:54:37 +0000 en-US hourly 1 https://oklahomawatch.org/wp-content/uploads/2019/10/okwatch-icon-100x100.png Business Archives - Oklahoma Watch http://oklahomawatch.org/category/business/ 32 32 168626729 Judge Allows Attorney General to Intervene in State Farm Hail Lawsuit https://oklahomawatch.org/2025/12/31/judge-allows-attorney-general-to-intervene-in-state-farm-hail-lawsuit/ https://oklahomawatch.org/2025/12/31/judge-allows-attorney-general-to-intervene-in-state-farm-hail-lawsuit/#respond Wed, 31 Dec 2025 12:01:00 +0000 https://oklahomawatch.org/?p=754167

Emotions flared and patience was tested as Oklahoma County District Court Judge Amy Palumbo granted Attorney General Gentner Drummond’s effort to intervene in a State Farm hail case that has raised ire in Oklahoma.

The post Judge Allows Attorney General to Intervene in State Farm Hail Lawsuit appeared first on Oklahoma Watch.

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Emotions flared and patience was tested as Oklahoma County District Court Judge Amy Palumbo granted Attorney General Gentner Drummond’s effort to intervene in a State Farm hail case that has raised ire in Oklahoma.

The post Judge Allows Attorney General to Intervene in State Farm Hail Lawsuit appeared first on Oklahoma Watch.

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State Farm Dodged Billions in 2018 Settlement, Now Faces Fresh RICO Charges in Oklahoma https://oklahomawatch.org/2025/12/18/state-farm-dodged-billions-in-2018-settlement-now-faces-fresh-rico-charges-in-oklahoma/ https://oklahomawatch.org/2025/12/18/state-farm-dodged-billions-in-2018-settlement-now-faces-fresh-rico-charges-in-oklahoma/#respond Thu, 18 Dec 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753918

Attorney General Gentner Drummond’s petition charging State Farm with racketeering under Oklahoma’s version of the RICO laws is not the first time that Oklahoma’s largest writer of homeowners insurance has been accused of being a criminal enterprise. Last time, State Farm agreed to pay $250 million; will they settle once again?

The post State Farm Dodged Billions in 2018 Settlement, Now Faces Fresh RICO Charges in Oklahoma appeared first on Oklahoma Watch.

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Attorney General Gentner Drummond’s petition charging State Farm with racketeering under Oklahoma’s version of the RICO laws is not the first time that Oklahoma’s largest writer of homeowners insurance has been accused of being a criminal enterprise. Last time, State Farm agreed to pay $250 million; will they settle once again?

The post State Farm Dodged Billions in 2018 Settlement, Now Faces Fresh RICO Charges in Oklahoma appeared first on Oklahoma Watch.

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Stitt Calls Out Trump Administration Over Cuts to Wind Energy Projects https://oklahomawatch.org/2025/12/11/stitt-calls-out-trump-over-cuts-to-wind-energy-projects/ https://oklahomawatch.org/2025/12/11/stitt-calls-out-trump-over-cuts-to-wind-energy-projects/#respond Thu, 11 Dec 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753735

A federal judge struck down a Trump directive that canceled wind energy projects, prompting Oklahoma Gov. Kevin Stitt to criticize the administration’s politically driven approach. The ruling said states faced real harm from the order, which targeted renewable energy permits while pushing oil and gas infrastructure.

The post Stitt Calls Out Trump Administration Over Cuts to Wind Energy Projects appeared first on Oklahoma Watch.

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A federal judge struck down a Trump directive that canceled wind energy projects, prompting Oklahoma Gov. Kevin Stitt to criticize the administration’s politically driven approach. The ruling said states faced real harm from the order, which targeted renewable energy permits while pushing oil and gas infrastructure.

The post Stitt Calls Out Trump Administration Over Cuts to Wind Energy Projects appeared first on Oklahoma Watch.

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State Delays Push Data Center Developers to Private Land https://oklahomawatch.org/2025/12/09/state-delays-push-data-center-developers-to-private-land/ https://oklahomawatch.org/2025/12/09/state-delays-push-data-center-developers-to-private-land/#respond Tue, 09 Dec 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753628

Months of delays by Oklahoma land commissioners in approving a commercial lease for a Lawton-area data center led the developer to withdraw, costing the state potential education revenue.

The post State Delays Push Data Center Developers to Private Land appeared first on Oklahoma Watch.

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Months of delays by Oklahoma land commissioners in approving a commercial lease for a Lawton-area data center led the developer to withdraw, costing the state potential education revenue.

The post State Delays Push Data Center Developers to Private Land appeared first on Oklahoma Watch.

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AG Intervenes in State Farm Lawsuit https://oklahomawatch.org/2025/12/04/ag-intervenes-in-state-farm-lawsuit/ https://oklahomawatch.org/2025/12/04/ag-intervenes-in-state-farm-lawsuit/#respond Thu, 04 Dec 2025 21:54:49 +0000 https://oklahomawatch.org/?p=753542

Attorney General Gentner Drummond filed a motion to intervene today in a case against State Farm Fire and Casualty Company, alleging that the company operated a coordinated program to limit roof-related insurance payouts by denying or reducing valid hail and wind claims.

The post AG Intervenes in State Farm Lawsuit appeared first on Oklahoma Watch.

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Attorney General Gentner Drummond filed a motion to intervene today in a case against State Farm Fire and Casualty Company, alleging that the company operated a coordinated program to limit roof-related insurance payouts by denying or reducing valid hail and wind claims.

The post AG Intervenes in State Farm Lawsuit appeared first on Oklahoma Watch.

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“It Made Me Feel Like a Sucker”: Long-Running Lawsuits Accuse State Farm of Billion-Dollar Hail Scheme https://oklahomawatch.org/2025/12/01/it-made-me-feel-like-a-sucker-long-running-lawsuits-accuse-state-farm-of-billion-dollar-hail-scheme/ https://oklahomawatch.org/2025/12/01/it-made-me-feel-like-a-sucker-long-running-lawsuits-accuse-state-farm-of-billion-dollar-hail-scheme/#respond Mon, 01 Dec 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753367

Upwards of 200 policyholders waged years-long — and ongoing — battles against State Farm. Thousands of pages of filings revealed allegations of a scheme worth billions of dollars, perpetrated by Oklahoma’s largest writer of homeowners insurance.

The post “It Made Me Feel Like a Sucker”: Long-Running Lawsuits Accuse State Farm of Billion-Dollar Hail Scheme appeared first on Oklahoma Watch.

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Upwards of 200 policyholders waged years-long — and ongoing — battles against State Farm. Thousands of pages of filings revealed allegations of a scheme worth billions of dollars, perpetrated by Oklahoma’s largest writer of homeowners insurance.

The post “It Made Me Feel Like a Sucker”: Long-Running Lawsuits Accuse State Farm of Billion-Dollar Hail Scheme appeared first on Oklahoma Watch.

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CompSource Flub Raises Questions About a Secretive Reorganization Plan https://oklahomawatch.org/2025/11/26/compsource-flub-raises-questions-about-a-secretive-reorganization-plan/ https://oklahomawatch.org/2025/11/26/compsource-flub-raises-questions-about-a-secretive-reorganization-plan/#respond Wed, 26 Nov 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753235

CompSource Mutual falsely claimed Oklahoma's insurance commissioner approved its controversial demutualization plan, prompting immediate removal of the misleading notice. Critics say the billion-dollar reorganization would give executives stock options while diluting policyholder control, potentially violating state law prohibiting mutual insurers from issuing shares.

The post CompSource Flub Raises Questions About a Secretive Reorganization Plan appeared first on Oklahoma Watch.

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CompSource Mutual falsely claimed Oklahoma's insurance commissioner approved its controversial demutualization plan, prompting immediate removal of the misleading notice. Critics say the billion-dollar reorganization would give executives stock options while diluting policyholder control, potentially violating state law prohibiting mutual insurers from issuing shares.

The post CompSource Flub Raises Questions About a Secretive Reorganization Plan appeared first on Oklahoma Watch.

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Potential Oligopoly: A Deep Dive Into Competition in Homeowners Insurance https://oklahomawatch.org/2025/11/21/potential-oligopoly-a-deep-dive-into-competition-in-homeowners-insurance/ https://oklahomawatch.org/2025/11/21/potential-oligopoly-a-deep-dive-into-competition-in-homeowners-insurance/#respond Fri, 21 Nov 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753156

Oklahoma Watch’s calculations to evaluate competition in Oklahoma’s homeowners insurance market raise serious questions about the statistics Insurance Commissioner Glen Mulready may have used as premiums have skyrocketed.

The post Potential Oligopoly: A Deep Dive Into Competition in Homeowners Insurance appeared first on Oklahoma Watch.

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Oklahoma Watch’s calculations to evaluate competition in Oklahoma’s homeowners insurance market raise serious questions about the statistics Insurance Commissioner Glen Mulready may have used as premiums have skyrocketed.

The post Potential Oligopoly: A Deep Dive Into Competition in Homeowners Insurance appeared first on Oklahoma Watch.

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Lawmakers, AG Challenge Insurance Commissioner’s Competitive Market Claims https://oklahomawatch.org/2025/11/20/lawmakers-ag-challenge-insurance-commissioners-competitive-market-claims/ https://oklahomawatch.org/2025/11/20/lawmakers-ag-challenge-insurance-commissioners-competitive-market-claims/#respond Thu, 20 Nov 2025 12:00:00 +0000 https://oklahomawatch.org/?p=753114

As officials bicker over Oklahoma’s homeowners insurance market and lawmakers contemplate new legislation, Oklahoma Watch investigates measures of market concentration and digs into legal history to uncover why competition has failed to address skyrocketing rates.

The post Lawmakers, AG Challenge Insurance Commissioner’s Competitive Market Claims appeared first on Oklahoma Watch.

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As officials bicker over Oklahoma’s homeowners insurance market and lawmakers contemplate new legislation, Oklahoma Watch investigates measures of market concentration and digs into legal history to uncover why competition has failed to address skyrocketing rates.

The post Lawmakers, AG Challenge Insurance Commissioner’s Competitive Market Claims appeared first on Oklahoma Watch.

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Lawmakers Get Earful As Oklahoma Home Insurance Rates Skyrocket https://oklahomawatch.org/2025/10/27/lawmakers-get-earful-as-oklahoma-home-insurance-rates-skyrocket/ https://oklahomawatch.org/2025/10/27/lawmakers-get-earful-as-oklahoma-home-insurance-rates-skyrocket/#respond Mon, 27 Oct 2025 11:00:00 +0000 https://oklahomawatch.org/?p=752196

Oklahoma’s soaring homeowners insurance rates are straining families and drawing scrutiny from lawmakers, who are likely to consider additional consumer protection bills in 2026. Regulators cite inflation and severe weather, but critics blame weak state oversight.

The post Lawmakers Get Earful As Oklahoma Home Insurance Rates Skyrocket appeared first on Oklahoma Watch.

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Oklahoma’s soaring homeowners insurance rates are straining families and drawing scrutiny from lawmakers, who are likely to consider additional consumer protection bills in 2026. Regulators cite inflation and severe weather, but critics blame weak state oversight.

The post Lawmakers Get Earful As Oklahoma Home Insurance Rates Skyrocket appeared first on Oklahoma Watch.

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