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News
Questions swirl around Oklahoma mutual insurance company's reorganization plan
8+ hour, 40+ min ago (1635+ words) CompSource Mutual is an insurance company writing worker's compensation premiums for Oklahoma businesses. Last year, it became the center of heated litigation when a group of its policyholders sued the company, hoping to halt its plan to reorganize into a…...
Oklahoma’s Insurance Commissioner may not even need to live in Oklahoma. The law is 'a little bit goofy"
2+ week, 1+ day ago (1617+ words) On April 1, declaring his candidacy for Oklahoma Insurance Commissioner, Marty Quinn signed an oath attesting that he had been a resident of Oklahoma for five years. Quinn, an Arkansas native and a former Oklahoma legislator, left Oklahoma after losing a…...
Oklahoma attorney general sues second insurance company for claims practices
3+ week, 2+ day ago (258+ words) For the second time in less than a month, Oklahoma’s attorney general has sued an insurance company for allegedly denying or minimizing payments for valid hail and wind damage claims. Attorney General Gentner Drummond on Tuesday sued Allstate Insurance Co....
Long Story Short: State Farm delays left dying woman in home with holes, hose for water
6+ mon, 3+ day ago (1792+ words) On December 8, Oklahoma Insurance Department Commissioner Glen Mulready made a remarkable disclosure. Offering details of an ongoing investigation is a problem; Section 309.4 of Title 36 forbids publicizing the details of open insurance investigations. The press release was not the only time…...
Long Story Short: Too little, too late, too weak - Critics react to proposed insurance legislation | KGOU - Oklahoma's NPR Source
7+ mon, 14+ hour ago (1264+ words) The Oklahoma Insurance Department announced a package of preliminary legislative proposals that fail to directly address skyrocketing premiums and suggest measures that would make it more difficult for policyholders to fight back, critics say. Tedford, who in November acknowledged that…...
What’s being done to bring down Oklahoma’s costly home insurance rates?
7+ mon, 3+ week ago (1230+ words) When Rebekah Williams opened her homeowners insurance policy in September, she was shocked by the number she saw. Her rate had incrementally increased in recent years, but the latest jump seemed too high to clear. “I knew that was going…...
Why home insurance is unaffordable, even in places without wildfires or hurricanes
8+ mon, 2+ week ago (1310+ words) The storm blew into Cozad, Neb., in the wee hours of Saturday, June 29, 2024. The wind felt like a hurricane. The hail was the size of softballs. "I was in the window, I was crying," remembers Soledad Avalos, who has lived…...
It's harder to get home insurance. That's changing communities across the U.S.
8+ mon, 2+ week ago (1479+ words) Home insurance is getting more expensive in the United States, and insurers are pulling back from some regions as the cost of disasters grows. That trend is stretching the limits of what ordinary Americans can afford to protect their homes....
Long Story Short: Lawmakers get earful as Oklahoma home insurance rates skyrocket
9+ mon, 2+ day ago (945+ words) Oklahoma’s reputation as a low-cost-of-living state is taking a hit after recent hikes to home insurance premiums, with lawmakers grappling for solutions after getting an earful from constituents. Additional consumer protections are likely to be introduced for the 2026 legislative session…...