When your car or home insurance bill suddenly jumps, there’s rarely an explanation — just a bigger number and a lot of frustration. As Oklahomans face some of the steepest premium increases in the country, it’s time we demand more transparency and accountability from the companies setting those rates.
Before insurers are allowed to raise prices, there should be a mandatory public hearing, and they should be required to prove that their costs — especially reinsurance costs — have increased.