Summary:

– AG Drummond criticized Commissioner Glen Mulready over soaring homeowners insurance premiums.

– Oklahomans pay 2.5% of home value on premiums, four times the national average.

– Drummond urges collaboration to protect consumers and address noncompetitive markets.

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

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