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.

Critics say new laws proposed by the insurance department ignore pervasive and sustained outrage over skyrocketing homeowners rates and would make it more difficult for policyholders to fight back.

The post Too Little, Too Late, Too Weak: Critics React to Proposed Insurance Legislation appeared first on Oklahoma Watch.

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.

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.

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.

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.

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.

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.

A surprise August hearing was for many the first sign of a huge change in workers’ comp insurance in Oklahoma that critics say is an effort to rob policyholders of millions of dollars.

The post Critics Say CompSource Plan Will Hurt Policyholders appeared first on Oklahoma Watch.

Attorney General Gentner Drummond sharply criticized Oklahoma Insurance Department Commissioner Glen Mulready in an Aug. 12 letter over stewardship of the state’s only regulatory safeguard against out-of-control rate hikes.

The post Drummond Takes Mulready to Task Over Homeowners Rates appeared first on Oklahoma Watch.