AG Drummond questions insurance commissioner's reasoning for not acting on skyrocketing rates

On Aug. 12, Oklahoma Attorney General Gentner Drummond sent a scathing letter to Oklahoma Insurance Department Commissioner Glen Mulready, challenging the commissioner’s stewardship of homeowners insurance rates and questioning the commissioner’s claim that weather events and an existing competitive market justify ongoing inaction to curtail skyrocketing rates that have hobbled the budgets of Oklahoma families for years.

Drummond’s missive directly cited Oklahoma Watch’s coverage of homeowners rates and the state laws that govern the regulation of property insurance.

“The unconscionably high insurance premiums cited in a recent Oklahoma Watch article cause my office grave concern that the State of Oklahoma is not adequately protecting its consumers,” Drummond wrote. “Oklahoma